The Financial Ombudsman Service received more complaints about Lloyds Banking Group in the first half of 2010 than the total number of complaints for Santander, Royal Bank of Scotland and Barclays put together. Data published today by the Ombudsman shows that between January 1 and June 30, 2010 the FOS dealt with 22,420 complaints relating […]
The number of new arrears cases have fallen for the sixth consecutive quarter, according to the latest mortgage lending statistics from the FSA. The number of new cases fell 8 per cent from 40,544 in the first quarter of 2010 to 37,248 in the second quarter. The total number of arrears cases also fell, with […]
An IFA was sentenced to five and a half years in jail at Birmingham Crown Court last week for falsifying mortgage applications on behalf of a client. West Midlands Police say IFA Mark Campbell, of Oakwood Financial Management, assisted client Michael Browne to lead a multi-million-pound mortgage fraud racket in the Midlands. Browne, from Canley […]
Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.
Invesco Perpetual leads the latest edition of the infamous Spot the Dog report, which identifies underperforming equity funds, as the number of dogs hits a record high. In its bi-annual Spot the Dog report, Bestinvest names and shames funds that have underperformed their benchmarks for three consecutive years and by more than five per cent over […]
Most firms regulated by the FCA are satisfied with its performance and believe it is an efficient regulator, the watchdog has said. The survey conducted by the FCA and its Practitioner Panel – one of its advisory bodies – sought feedback on the regulator’s performance from the firms it oversees. The results showed that both satisfaction and […]
Investing at this stage of the market cycle is a tough balancing act. While over-exposure to risky assets leaves a portfolio vulnerable when a correction really bites, taking too much risk off the table too soon can mean missing out on the remaining opportunities which may still present themselves over the coming months. With so […]