The FSA has warned insurance firms to stop using misleading savings claims in their advertising or they will face regulatory action. The warnings relate to ads from 57 firms selling motor, home and travel insurance.
The nominations are in for the Moneyfacts annual awards and, although this would not normally give much reason for comment, this year the intriguingly titled “best business card provider” has been included.What will be the judges’ criteria be – “Look at that subtle off-white colouring. The tasteful thickness of it. Oh my God, it even […]
UK savings provider Birmingham Midshires today announced the launch of a new Best Buy bond with a fixed rate of 6.05% gross/AER.
The FSA has announced its full line up of industry figures who will lead the five committees which are part of the retail distribution review.HBOS chief executive insurance and investment division Jo Dawson will head up the sustainability of the distribution sector committee and Royal London chief executive Mike Yardley will chair the impact of […]
Feedback from the early rollout of home information packs indicates that they are being welcomed by many consumers, says the Association of Home Information Pack Providers.Hips were introduced in six locations across the UK in November ahead of their nationwide launch in June.Ahipp claims that most sellers are requesting the voluntary home condition report, which […]
By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services