View more on these topics

FSA cancels permission for Fleet

The FSA has cancelled permission for Fleet Mortgage Insurance and Financial Services to carry our regulated activities.

The final notice was issued yesterday after a decision notice issued on May 20 stated that the FSA was not satisfied that Fleet was ensuring its affairs were conducted soundly and prudently.

A warning notice issued on April 13 said Fleet had failed to pay fees of £1,626 owed to the FSA, despite repeated requests

Recommended

Kelly tells product providers that cap cash is meant to pay for advice

The Treasury has pledged to review the 1.5 per cent price cap after three years to ensure that product providers are using the rise to pay for advice. Speaking at a Treasury select committee meeting on Monday, Treasury financial secretary Ruth Kelly told MPs that providers should be using the 0.5 per cent increase in […]

A consumer&#39s view

The proposals for Sandler stakeholder products – that providers should be able to charge 1.5 per cent management fee for the first 10 years, 1 per cent thereafter – are a typical Government compromise which will solve nothing. Part of the problem is that there is a fundamental conflict in what the Government is trying […]

Norwich Union keeps bonus rate on hold

Norwich Union says bonus rates and payouts on its with-profits policies will remain unchanged in a review of rates that follows its main bonus announcement in January. Norwich Union chief actuary, Mike Urmston, says: “Following our main bonus announcement in January this year, we have now further reviewed our bonus rates and payouts and see […]

Five parts of a fair deal

TCF gives the whole industry the opportunity to look at its products, its service and its interactions with customers and to work to ensure that the wider public are left in no doubt about the quality of customer care provided. Customers do not always differentiate between the vast majority of the good and the small […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment