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Tory whip sends RBS interest rate swap failure dossier to FCA

A senior Conservative backbencher has submitted a complaint to the FCA over fears RBS is being allowed to settle interest rate swaps disputes less generously than other lenders. Working in collaboration with lobby group Bully Banks, recently appointed Tory whip Guto Bebb sent a dossier of 120 cases to the regulator in late January to […]

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Govt to review house buying process

The Government is set to investigate ways to improve the house buying process. In today’s Budget document the Treasury claimed consumers spend £270m each year on failed housing transactions. When a transaction falls through buyers normally end up losing their legal, survey and mortgage fees. It said: “The Government will shortly publish a call for […]

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ABI: £6bn withdrawn since pension freedoms launch

Savers have withdrawn £5.9bn since the pension freedom reforms came into force, according to the Association of British Insurers. The new data, which covers the first nine months of the reforms, reveals £3bn has released through 213,000 lump-sum payments, with an average payment of £14,800. The trade body adds £2.9bn was taken through 835,900 income […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

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