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Fears raised over FCA mortgage competition review

The FCA is being urged not to launch a full-blown review into competitiveness in the mortgage market and instead focus on specific concerns around online sales and trapped borrowers. The FCA has been scrutinising mortgage competition since publishing its 2015/16 business plan last March. The plan says the regulator wants to check barriers to competition […]

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Has Labour given up on financial services?

Labour’s influence within the financial services industry is in danger of being wiped out in the aftermath of yet another ministerial reshuffle. Political experts say the party failed to capitalise on “gaping holes” in Chancellor George Osborne’s freedom and choice pension reforms during the 2015 election campaign. They are also concerned the constant churn of […]

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Former BBA chief apologises over financial crisis

The former chair of the British Bankers’ Association has apologised to a committee of MPs for the role of banks in causing the financial crisis, while also seeking to defend her track record at the trade body. At a Treasury committee hearing on her appointment as chair of the Office for Tax Simplification, Knight was […]

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Succession buys four advice firms for £9.5m

Succession has completed deals to buy four member firms for a combined total of £9.5m. The consolidator has acquired Cornwall-based TMS, Sheffield-based Facts Financial, a Firth and Scott and Carson Associated, both based in Nottingham. The deals add almost £400m in funds under management, Succession says. The firm has now spent a total of £55m […]

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