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.
The pension industry is changing rapidly, supported by this government’s development of the pension dashboard, the introduction of collective defined contribution pension schemes and a consultation on the regulation of defined benefit superfunds. We are unleashing innovation and opening up options for pension schemes members and employers. These reforms will bring the pension industry into the […]
The Money Advice Service aims to launch a prototype version of a drawdown comparison tool aimed at non-advised, mainstream customers in spring next year. The guidance body’s senior policy manager Teresa Fritz shared details about the tool that is being designed in collaboration with the Association of British Insurers. Speaking at a Westminster Business Forum […]
Trade tensions and Brexit are concerns ahead of 2019 European equity markets have had a tough year. The economy has failed to live up to the expectations at the start of the year that European growth would be fuelled by easy financial conditions and falling unemployment. Regional business confidence surveys have fallen steadily since January. […]