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FCA: Banks could help advise less ‘savvy’ customers 

Banks could give unbiased advice to help less “savvy” customers, according to FCA research. In a research paper published last week, the regulator looked at how particular groups of consumers are affected by price discrimination in financial services. It examines firms charging different prices to different individuals, resulting in some groups paying high mark-ups and cross-subsidising […]

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Property tycoon says ‘age of amateur landlord is over’

A couple said to be the UK’s biggest landlords have reportedly offloaded almost half of their property book in the past year, saying the heyday of the amateur landlord is over. According to the Financial Times, Fergus and Judith Wilson have sold around 400 of their 900 houses in Kent. Most were sold to foreign […]

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FoI reveals extent of FOS Ucis complaints

The Financial Ombudsman Service has received more than 1,500 complaints about unregulated collective investment schemes since new rules were introduced by the FCA in 2014. Figures obtained by Money Marketing through a Freedom of Information request show the FOS has received 1,532 complaints about Ucis products since 1 January 2014, and 61 per cent of those […]

Housing market begins to rebound after EU vote

The UK housing market is beginning to recover after the post-referendum drop, figures from the Royal Institution of Chartered Surveyors suggest. The August 2016 RICS Residential Market Survey results point to a gradual recovery in confidence following a significant drop immediately after the EU referendum. Prices and sales volumes are now expected to rise, both […]

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