Treasury committee chair Andrew Tyrie has reprimanded FCA chief executive Andrew Bailey for failing to give an update on the Financial Services Compensation Scheme funding review. In a letter dated 9 September, Tyrie asks what the scope of the review is and when it will be completed. He says: “Last October the committee took evidence […]
The Financial Ombudsman Service has received more than 1,500 complaints about unregulated collective investment schemes since new rules were introduced by the FCA in 2014. Figures obtained by Money Marketing through a Freedom of Information request show the FOS has received 1,532 complaints about Ucis products since 1 January 2014, and 61 per cent of those […]
Scotland’s first minister Nicola Sturgeon is finalising plans to bring about a second referendum on whether Scotland should be independent from the UK. The Times reports the Scottish National Party leader is to set out plans for a further vote on independence in two weeks time as part of her programme for Government. Scottish government […]
Santander is warning borrowers about the risks of interest-only mortgages after the sale has completed. The lender is carrying out spot checks on its interest-only mortgage customers by calling borrowers at random and testing their understanding of the loan they have just taken out. Santander has not explained to Money Marketing why these checks are […]
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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