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Inflation on rise

The consumer price index rose to 1.5 per cent in October from 1.1 per cent in September while the retail price index rose to -0.8 per from -1.4 per cent in September, the biggest jump in the RPI in nearly 20 years.

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Cornell accuses HSBC of sparking dual-pricing

HSBC’s deals provoked the extremes of dual-pricing among intermediary lenders, says First Action Finance head of communications Jonathan Cornell. At the Mortgage Business Expo, Cornell said if HSBC had not been pricing so aggressively, then other lenders perhaps would not have felt the need to follow their lead. He said: “HSBC is probably causing the […]

IFA jobs shifting to commission basis

IFA firms are shifting away from hiring staff on a salary basis, preferring to employ advisers on a commission-based package, according to Recruitment Connection. Managing director Simon Bean estimates there is now an even split between salary and commission jobs. He says this time last year, 75 per cent of the jobs were salaried and […]

Bob Bullivant

The chief executive of Annuity Direct is a crusader for the open market option, saying the present situation is ‘a national scandal’ and he accuses insurers of blocking change. Interview by Lee Jones.

Comparisons aren’t trusted

Consumers are unimpressed with price comparison sites according to a survey by Which? Money in which no site scored higher than 50 per cent. Which? Money found that the average customer satisfaction score for the websites is lower than for any other financial sector it has surveyed. Which? members express a lack of trust in […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

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