This follows the loss of 260 jobs last October and the closure of specialist subsidiary High Street Home Loans.
Conservative Shadow Chancellor George Osborne has called for a broader collateral swap programme to combat the credit crunch.
An 18-month investigation by fraud squad officers in Scotland uncovered a massive mortgage fraud against banks and building societies.
The Hunt review of the Financial Ombudsman Service does not go far enough. It is right to call for a clampdown on claim- chasers when they pursue vexatious claims but this needs to apply to the public as well.
Gross mortgage lending has increased by 5 per cent to £26.3bn in March, according to the Council of Mortgage Lenders.
Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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