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FSA confirms Nationwide and Portman merger

The Financial Services Authority has confirmed the proposed merger of the Portman Building Society to the Nationwide Building Society.

The regulator received 22 written representations and three people made oral representations at the hearing held in Bournemouth on June 7.

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FSA bans mortgage broker for submitting false mortgage application

The FSA has banned a mortgage broker for submitting a false mortgage application to a lender.John Adebayo Adepoju trading as Landmark Finance was stopped from conducting regulated activities with immediate effect on April 26 because of his direct involvement in the submission of at least one false mortgage application.The FSA has now cancelled Landmark’s permission […]

Mortgage advisers get on with job

It was a shame that the recent ethical survey did not echo facts gleaned from the Financial Ombudsman Service’s annual review which analysed complaints received and how they have been dealt with. Of the 94,392 complaints dealt with in total – bearing in mind this includes all financial products, insurances, pensions, loans, bank accounts, etc […]

Kane becomes ABI chairman

Scottish Widows chief executive Archie Kane is the new chairman of the Association of British Insurers, succeeding Keith Satchell who ends his two-year term.

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