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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Adviser trade body calls on govt to save pension dashboard
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
Spending, pensions and retirement: MAS in numbers
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
Is a fund better off with a sole manager or a team?
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]
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