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£414K mortgage fines

The FSA has banned three individuals and fined two of them a total of £414,683 for knowingly submitting false and misleading information to obtain mortgages for themselves and customers.

 

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FSA to prevent firms from paying employees’ fines

The FSA has proposed new rules to prevent firms paying financial penalties imposed on present or former employees. In its latest consultation paper, Decision Procedure and Penalties manual and Enforcement Guide review 2010, the regulator proposes a raft of changes including new rules to prevent any authorised firm, except a sole trader, paying a financial […]

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Gold prices have surged in recent months as fears over global recovery persist and investors look for safe havens for their capital. The question many are asking now is, is there is any value left in the asset class? Last week, US gold futures reached ano-ther record high, hitting $1,351 an ounce. The spot price […]

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Isas set for £480 boost

The average Isa allowance is set to rise by £480 next year after the Office for National Statistics announced that inflation measured by the retail prices index stood at 4.6 per cent in September 2010. In this year’s Budget, former chancellor Alistair Darling announced that the average Isa allowance will rise in tandem with September’s […]

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