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FSA wins award for clear letters

The FSA has been awarded a Clear English Service award from the Plain Language Commission for its correspondence. Letter-writers from its correspondence unit went on a nine-month coaching programme with the Plain Language Commission. The clarity, grammar and punctuation of more than 200 letters were assessed.The FSA deals with around 3,000 letters a year.

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DTI to review fees for rejected loans

The DTI has pledged to review the Consumer Credit Act following industry complaints over the maximum fee brokers can charge for giving advice on rejected mortgage applications.DTI director of consumer affairs Fiona Price has agreed to review the maximum£5 fee that brokers are permitted to charge clients under the 1974 Act after coming under pressure […]

Flexible start from Britannic Money

Britannic Money has designed a flexible mortgage with a current account facility.The flexible start mortgage is available for loans of up to 95 per cent of valuation and has a two-year discount. In the first year, borrowers get a 3 per cent discount, giving a payable rate of 3.99 per cent. In the second year, […]

Schroders poaches BAM UK equities head

Schroders has poached Baring Asset Management head of UK equities Richard Buxton for its UK specialist equities desk.Buxton managed the £315m Baring UK Growth Trust, which had a Standard & Poor’s AAA rating.

Winterthur chief steps down

Winterthur Life chief executive John Finan is stepping down from the board as from August 21. He will be replaced by Clifton Melvin who is currently a partner at consultancy firm Integrum, which focuses on port-merger integration. Prior to Intergrum, Melvin led the development of GE Capital’s insurance activities in Europe. He began his career […]

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