The FSA has appointed two new members to the Financial Services Consumer Panel. Citizens Advice generalist adviser Carol Stewart joined the panel June 1 and Mail on Sunday journalist Tony Hetherington joins January 1 2005. FSA chairman Callum McCarthy welcomed the two new members and said the panel will continue to act as a strong, independent consumer voice.
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Lenders unsure of electronic reporting requirements
Lenders are unsure of what they will be asked to do to comply with electronic reporting requirements according to Focus Solutions. Focus' s latest survey shows that 88 per cent of lenders feel their organisations are ready for mortgage regulation but when it came to mandatory electronic reporting 58 per cent of the respondents thought […]
ABI says rise not generous enough
The ABI says the Government has not been generous enough in raising the price cap to 1.5 per cent though it describes the move as a step in the right direction. ABI director general Mary Francis says: “The decision is a step in the right direction. The Government has recognised that the one per cent […]
Bank of England warns of property crash
Bank of England governor Mervyn King has warned Britons buying a home to be wary of a possible housing market crash. Speaking to the Scottish CBI King said the rise in house prices over the past five years had taken the ratio of house prices to earnings to new record levels, unsustainable in the long-term. […]
MPs told that shock rise in rates is needed to stop property spiral
Leading economist Roger Bootle has told MPs that the Bank of England monetary policy committee needs to shock housebuyers by raising interest rates. Speaking at the Treasury select committee meeting last week, three of the UK's leading housing market economists expressed concerns about the impact on the economy of a collapse in the housing market. […]
Bond market review and outlook – Q3 2016
Loomis Sayles’ Macro Analyst, Craig Burelle, discusses the key takeaways for bond markets during Q3 2016 and looks at the outlook for global growth and inflation. Click here
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RBS and Nest executives appointed to government guidance body board
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]
Profile: Susan Hill on making planning appeal to women
Susan Hill director on making finance more appealing to women and the need for a central training academy Think about your favourite products and services – the fragrance your partner bought you last Christmas; the last concert you went to; that meal you recently had at your local restaurant. Now think about the way they […]
Regulator continues probe into advisers offering high-risk investments
Money Marketing unveils further details as FCA chases up firms selling esoteric products More than half of the firms that were approached by the FCA for information on their high-risk investment activities have said they either did not sell any, or did not reply to the regulator’s request, Money Marketing has learned. In its annual […]
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