Association of Mortgage Intermediaries director general Chris Cummings is calling for the National Audit Office to conduct a formal review of the FSA’s expenditure.
The Government’s last minute Hip U-turn will just create more confusion say Opposition Parties, with the Tories calling for a radical rethink of the policy.Tory shadow housing minister Michael Gove says the Government must now go back to the drawing board over Hips after yesterday’s U-turn in Parliament.Speaking after yesterday’s announcement, Gove suggested the timing […]
Halifax has come under fire over its levels of service, with brokers complaining of not being able to reach its business development managers.The high-street lender also saw its online system crash on Monday although service was resumed the next day.Brokers say it can take several hours to get hold of a Halifax BDM, only to […]
Cofunds has called for improved standards in the industry over the management of pension transfers.
We need answers on how schemes are exempted from personal accounts.
By James Dowey, Chief Economist and CIO at Neptune The Bank of Japan (BoJ) surprised investors on 28 April by holding monetary policy steady following the meeting of its Policy Board. Many investors had expected an easing of monetary policy and, as such, the TOPIX Index has fallen and the yen has strengthened. Why has […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]