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Law firm to help mortgage brokers deal with increase in complaints

Birmingham law firm Financial Services Legal is organising a series of seminars to help mortgage and general insurance brokers prepare for a potential rise in complaints post regulation. FSL Legal consultant Gareth Fatchett says the transfer of responsibility to the FSA of mortgages and general insurance will give greater rights to all consumers to a review and potential compensation.

He says: “The new wave of complaints could see many companies close down without it being any fault of their own. What we want to do is to help IFAs protect themselves against unfounded complaints.”

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Graphic content – May; UK economic data has finally turned for the worse

In June 2016, immediately before the Brexit referendum, a curious thing happened. Despite the colossal uncertainty facing the UK, economic data actually started to come in above consensus forecasts. Citi’s economic surprise index nudged into positive territory, which meant that UK economic data had on the whole outperformed consensus forecasts over the prior three months. […]

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