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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.”


ERS offers outsourced equity-release products

Equity Release Services, the UK&#39s first equity-release outsourcing company, claims it can offer savings of up to £1.75m for providers looking to enter the market. ERS, which launched last week, says it can reduce the average time it takes providers to enter the market from two years to six months. Its outsourcing system, designed by […]

Cruise control

As you climb aboard the world&#39s most luxurious liner for that trip of a lifetime, you turn round for one last wave before departing for the sunshine. Suddenly, something catches your eye. There are no lifeboats on this magnificent vessel. Do you stay on board and spend the whole journey praying that the ship will […]

Skipton Building Society – Buy-to-Let Mortgage

Type: Stepped discounted-rate buy-to-let mortgage Discounted term: Three years Discount:1.34% in year one, 0.75% in year two, 0.25% in year three Payable rate: 4.75% Minimum loan:£25,000 Maximum loan: Up to 80% of valuation subject to a maximum of £450,000, up to 75% of valuation subject to a maximum of £1m Income multiples: Rental income must […]

JLT appointed by Abbey for pensions outsourcing

Abbey National Financial and Investment Services is appointing Jardine Lloyd Thompson for the outsourcing of the entire Scottish Provident defined benefit client portfolio. The contract runs for up to five years and is worth up to £2.5m. Another contract has been signed for JLT to administer Scottish Mutual&#39s defined benefit portfolio. JLT head of corporate […]


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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