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EU changes to KFI will spark consumer confusion

European changes to the Key Facts Illustration document will create “confusion” among borrowers and could prevent them from comparing deals from different lenders, say experts. The mortgage credit directive comes into force on 21 March 2016 and replaces the KFI in the UK with a new European standardised information sheet. The FCA has given lenders […]

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Osborne to deliver second Budget on 8 July

Chancellor George Osborne is to deliver his second Budget of the year on 8 July. Writing in The Sun at the weekend, Osborne pledged the package of measures announced in the Budget would be a “Budget for working people”. The Treasury is yet to spell out how it will cut £10bn from the UK’s welfare […]

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Advisers seek compensation for Iress Xplan system failures

A number of advice firms are pursuing Iress for thousands of pounds in refunded fees, after suffering “nightmare” technical problems with its Xplan software. Xplan is an end-to-end system which offers portfolio management, client communication and business management tools. Australian technology provider Iress also owns software programme Adviser Office, following its acquisition of Avelo in […]

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