Job of the week
Latest jobs
Poll
|
|
New look Professional Adviser
The magazine is heavily focused on our Better Business section, which supports advisers in the run-up to RDR and beyond, and Investment.
Coffee Lounge
Not only is there a huge selection of games but why not try your hand at our Daily Sudoku
sponsored by
Comments
Here we go again?
I thought "Phoenixing" was frowned on by the FSA. Are we going to have the FSO dumping this one in our garden as well? if a firm gets to a certain size can it ignore the regulations or what?
Posted by: Hugh Jeego
Charcol Bust?
Looks like charcol may be looking to shut up shop due to another terrible year of racking up losses - and relaunch a new company. Phoenixing should be stopped by the FSA. Directors are making a mockery of the system, most recently the demise of Mortgage Times as a recent example, setting up shop the next day when the business has gone bust.
Posted by: Mortgage Broker N3
Sinking Ship
Being an exbroker that left at the end of 2006, it was clearly evident that they had a 5 year plan and flog the same old horse for Millions as they had done previously. As the credit crunch took place, they tried to dupe, oops i meant flog the company for £50 million to some european lenders. As an orginasation that is linked to propertt markets, naturally no one wanted to touch them. However in the mean time they naturally squeesed every employee for every penny from high targets. In addition they had a self employed arm. Im not surprised with the current situation, at it is not the only brokeers that gone the same way. Anyone remember Cobalt Capital?
Posted by: Ex Charcol Broker