Financial advisers want regulations amended

Financial advisers and mortgage brokers are worried that they will be precluded from offering advice to homeowners in arrears once new rules on debt management firms come into effect.

10th August, 2013

Financial advisers and mortgage brokers are worried that they will be precluded from offering advice to homeowners in arrears once new rules on authorising debt management firms come into effect in October.

The advisers, who have close relationships with consumers as brokers for mortgages, insurance and pensions, say consumers will be forced to go through Mabs or to seek expensive advice from solicitors and accountants on debt unless new regulations are amended.

Central Bank proposals...

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