By Sonya Rabbitte, 22 June 2001 15:37
NEWS The Financial Services Authority (FSA) has extended the remit of online mortgage lender Charcol, making it the first UK internet finance company to offer advice and consultation services. Charcol will launch its advisory service today, after passing a rigorous approval procedure. The move means it can now offer advice and recommendation services on par with high street finance companies. Rival companies such as Egg have failed to get approval on similar services after failing to meet FSA guidelines Charcol's advisory service will initially focus on ISAs but there are plans to expand into pensions and unit trusts.
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