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 […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source