The Government has announced the charge caps for its cash deposit accounts. The rate of interest payable has been set at 1 per cent within the base rate. This is a reduction from the currnet 2 per cent margin for cash ISAs.
The majority of IFAs believe self-certification is being abused by advisers and lenders. A total of 59 per cent of respondents say self-cert is being misused to lend unsustainable amounts to consumers The FSA has said it believes lender controls are broadly sufficient although it has stressed that mortgage lenders must check that information is […]
The Diary has found a task for its readers – to come up with the ideal hold music for our friends at Canary Wharf. Our man at the FSA has expressed a willingness to listen to any suggestions. So whether you think it should be that old Rolling Stones number Under My Thumb or perhaps […]
It may seem like a strange description to apply to Gordon Brown but he has been behaving like a coquettish debutante at her first ball over the 1 per cent cap. The Treasury has always been reluctant to concede that between it and the then Department of Social Security it blundered at setting the cap […]
The UK financial services industry should opt for the euro and the European Union Constitution to strengthen its position in global markets says a leading IFA. Norwest Consultants principal Harry Katz has launched a stinging attack on a Eurosceptic stance from the UK industry. He believes the UK needs to take advantage of its position […]
Jelf Employee Benefits explores the draft Income Tax (Recommended Medical Treatment) Regulations 2014 and why intervention is such an important aspect of absence management.
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]