In brief

The CML has launched two new MCOB modules in basic and refresher training. Developed in partnership with Absolutely Training and in line with FSA feedback from lenders and intermediaries, the flexible basic and refresher courses aim to introduce and reinforce FSA regulation.

The refresher course focuses on case studies to bring graduates back up-to-speed with their learning while the basic course gets rid of unnecessary study areas for low-risk staff.

1st buys back Misys shareholding

1st has bought back the Misys Group’s shareholding in its business for an undisclosed sum. Misys acquired its investment in 1st as part of its acquisition of Financial Options Group Limited in 1999.

Mik Cons, managing director of 1st, said: “To maintain our market-leading position we decided to make this investment as an important commitment to the continued support of our dedicated staff, users and partners.”

Halifax moves into conveyancing

Halifax is launching a fixed-fee conveyancing service, believed to be the first of its kind from a major lender.

Customers using the Halifax Conveyancing Service will be referred to one of a panel of selected legal practices which will undertake the legal work for the customer and provide confidential and independent legal advice.