Paradigm offers MMR workshop for members

Nia Williams

November 8, 2010

The first workshop will take place in London on Wednesday 17th November and has been designed to look at the MMR, its aims, what implications it will have for advisers and also to answer the range of questions Paradigm members have about the review and the new working environment it is likely to usher in.

The workshop will include a variety of presentations from both Paradigm speakers and outside experts who will deliver their views on the implications and potential benefits of MMR, covering individual adviser registration requirements and responsibilities, compliance issues and the support that will be necessary to ensure a smooth transition.

Speakers at the workshop will include:

• An introduction from Bob Hunt, chief executive of Paradigm Mortgage Services.

• The outlook for the UK mortgage market by Richard Froud, head of business economics at Barclays.

• A lender’s view of MMR from Richard Tugwell, head of national sales at Northern Rock.

• What’s behind the MMR, what it means for advisers and what happens next from Robert Sinclair, director of the Association of Mortgage Intermediaries (AMI).

• Compliance and the MMR from Anthony Morrow, partner at Paradigm Partners.

John Coffield, head of Paradigm Mortgage Services, commented: “The MMR is clearly going to change the mortgage advice and lending environment for all those working within it.

“The first step is likely to be the requirements for all advisers to gain approved person status from the regulator and this first in a series of workshops has been designed to help firms understand this new responsibility and the compliance implications it will bring.

“While the timetable for this begins in March 2011, there are steps and issues advisers need to be addressing well in advance so that when the time for implementation arrives both individuals and their firms are ready.

“We are also keen to impart our own broader knowledge and understanding, and that of our industry experts, to our members and this will be done by a series of presentations which will look at the background behind MMR, what may be coming next from the FSA and how this is likely to shape the future of the mortgage market.

“Attendees will also hear from those at the heart of the MMR debate both from an advisory and lender perspective, plus they will be provided with a general economic overview and how this will also affect the mortgage market going forward.”

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