View more on these topics

Money Management Council calls for product clarity

Consumer charity the Money Management Council is calling on the financial services industry to make products easier for consumers to understand.

The charity has carried out a six month pilot study of consumers in association with Cirencester Citizens&#39 Advice Bureau. The study indicates that apathy, fear and reluctance to take decisions because of lack of understanding resulted in consumers putting off dealing with their finances.

The MMC will report its findings to the FSA next week.

MMC president Marie Jennings says: “We all know that today money is a do-it-yourself business, but the task is daunting for consumers and the industry is still not listening to its customers.”


New brand from merger of Capel and Greig Middleton

Fund manager Capel Cure Sharp is rebranding as Gerrard Investment Funds as part of the ongoing merger of Old Mutual&#39s private client investment subsidiaries. The move will see Capel Cure Sharp and Greig Middleton & Co merged to create Gerrard. Advertising to promote the new brand will start in May with a series of ads […]

Pink drops in with its new parachute mortgage

Pink Home Loans is bailing into the adverse credit market with its parachute mortgage.The mortgage is aimed at people who are looking to buy a home but who either have a history of bad credit, or who have a number of county court judgements (CCJs) against them.The mortgages rate is based around the London interbank […]

L&G bonds with performance

Legal & General has brought in the performance bond individual savings account (ISA)The ISA is aimed at investors who are looking for either income or growth from their investment. Investors can opt for either an income of seven per cent a year or growth of 40 per cent over a five year term.The product tracks […]

FSA bans commission to IFAs with tree restriction

The FSA is forcing life offices to block IFA commission on stakeholder if their call centre staff take clients through decision trees, potentially leaving IFAs unpaid for hours of work. The move means even if a commission-based IFA has advised an employer, performed a worksite presentation, distributed marketing material and convinced dozens to take the […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment