The FCA has singled out mortgage prisoners, shopping around and a broker comparison service as areas of the market that need change. The FCA made the statements today in its interim report into mortgage market competition, first mooted in 2015. The report says a third of consumers fail to find the cheapest mortgage deal, but the […]
The FCA is attempting to ban the boss of a debt management firm for allegedly using client money to purchase the business. Darren Lee Newton purchased First Step from former director Christine Whitehurst in 2013. The FCA argues he funded the deal through client money rather than out of his own pocket. Newton allowed more […]
I must admit that I am no spring chicken, and financial services is probably the one and only career I will ever have. Although I have plenty of outside interests, it is other people’s money that has been the main focus of my working life. I am sure I have lots of bad habits and […]
The Bank of England’s Monetary Policy Committee has voted to keep interest rates on hold at 0.5 per cent. Announcing this decision, the Bank also cut its growth forecast for 2018 from 1.8 to 1.4 per cent. Seven out of nine of the MPC members voted to keep the base rate on hold. There was speculation earlier […]
Individual investors believe they need professional help, but they want more than just investment recommendations from their financial providers.
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