Recommended

Old-Bailey-Justice-Fine-Ban-700x450.jpg
2

Lenders face legal action after landmark West Brom ruling

Angry customers of Skipton Building Society and Bank of Ireland will start legal action against the lenders next month as the fallout continues from a landmark court case on tracker rates. Manchester Building Society will escape claims for now, despite having been named in discussions earlier in the year. In June, the Court of Appeal […]

Downing-Street-Sign-Politics-UK-700.jpg
2

May set to be PM after Leadsom quits race

Theresa May’s path to Number 10 has been cleared after Andrea Leadsom pulled out of the contest to be the next leader of the Conservatives. The Home Secretary is the only candidate left to replace David Cameron, who announced he would step down in October following the vote to leave the EU. It is unclear […]

Andrew-Bailey-Conference-Alt-2013-700x450.jpg
2

Andrew Bailey begins reign as FCA chief

Former Prudential Regulation Authority head Andrew Bailey begins his new role as Financial Conduct Authority chief executive today. Bailey succeeds Tracey McDermott, who was been interim chief executive since Martin Wheatley exited in September 2015. The PRA’s most recent annual report shows Bailey was paid a total of £350,000 in 2015/16, this rises to £460,000 at the […]

/k/k/l/Stockmarket_480.jpg

FTSE hits 10-month high as gilt yields go negative

The FTSE 100 rallied yesterday following Bank of England governor Mark Carney’s speech pledging more monetary stimulus to the economy. The blue-chip index rose to end the day at 6524.30, a 144 point rise. The level marks the highest since August last year. In the speech yesterday, his second since the UK’s vote to Brexit, Carney signalled that […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment