The FSA has fined GE Capital Bank £610,000 for failing to have adequate systems and controls in place for selling payment protection insurance. The regulator is expected to take enforcement action against up to five further PPI providers.
The LibDems have called on the Government and lenders to discuss an effective code of conduct to guard against repossession levels getting out of control.LibDem Shadow Chancellor Vince Cable says the rapid rise in repossessions documented in the CML’s recent figures is worrying but still underestimates the severity of the problem.The CML revealed repossessions were […]
This week by Financial Mail on Sunday reporter Andrew Foxwell.
Alasdair Sampson, a partner at Drummond Miller, LLP, Solicitors, urges IFAs to follow the example of lawyers in Scotland to fight for a fair and just system to deal with complaints.
When a new fund launches, there is always a period of reflection from the rest of the industry as they wait to see if the product is viable.Sometimes, it is a case of the innovator being overtaken by the mimickers but in this case, the slow trickle of global equity income funds seem to have […]
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]