View more on these topics

BSA welcomes move to regulate home reversion

The Building Societies Association welcomes the move by the Treasury to bring home reversion under the scope of FSA regulation.

Press officer Rachel Blackmore says: “This is a sensible move and will be welcomed by the industry and consumers alike as it offers vulnerable consumers protection.”


Going overboard

Before to the launch of Safe Home Income Plans in 1991, the waters in the equity-release market had become decidedly choppy. But this non-profit-making body for product providers, whose 18 members account for over 90 per cent of equity-release business, has played a vital role in restoring confidence in a product that had become synonymous […]

Structured products to be next misselling risk – FOS

The FOS has predicted that structured products could become the next misselling scandal to follow from the current spate of mortgage-endowment related complaints. Speaking at the Building Societies Association&#39s annual conference in Manchester, Ombudsman Caroline Mitchell said she revealed numbers of complaints about these products have been increasing saying she is currently receiving around 70 […]

Regulator is praised for alleviating crisis

The FSA should be praised for the work it has done to alleviate the profess-ional indemnity insurance crisis for IFAs over the last 12 months, says Chadney Bulgin partner David Thomas. Thomas told the Money Marketing Fair Deal for IFAs round table that huge rises in PI cover slowed down considerably last year when the […]

Consumers&#39 Association calls for a cautious approach

The Consumers&#39 Association has vowed to remain vigilant to ensure consumers get the best possible protection when entering home reversion schemes and called for a cautious approach. Responding to news that the schemes are to be regulated CA senior policy advisor Laurence Baxter says: “This is a great day for consumers. The Consumers&#39 Association is […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment