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Mortgage complaints rise

Consumer mortgage gripes have soared by 50 per cent in the last year.

The 3,104 mortgage complaints won the number one spot in the league table of problems dealt with by the Banking Ombudsman scheme. They also accounted for nearly a quarter of all complaints between October 1998 and September 1999.

The Ombudsman said lenders should be more clear about their early repayment charges and not bury them in the small print of documents.


FSA points to firms&#39 compliance failings

The FSA says 99 out of 100 companies are failing to comply fully with itsrules. The regulator&#39s internal study revealed only 1 per cent of firms arefound to be fully compliant when it conducts routine inspections. But itsays the figures must be looked at in the context that the changes itenforces are usually minor and […]

Barclays injects cash into broker arm

Barclays is planning to inject millions of pounds into its squeezed stock broking arm Barclays Stockbrokers.The cash injection follows the unprecedented surge in share dealings by private investors from 250,000 to 400,000 in two months. Its hoped the boost will enable the quadrupling of Barclays Stockbrokers internet dealing capacity.The expansion plan is urgently needed to […]

Pension fund goes green

One of Britain&#39s biggest pension funds is going green.The Universities Superannuation Scheme has bowed to pressure from senior academics whose pensions are paid by the fund, to be more active on ethical issues.The fund controls £20bn assets and will use specialist researchers to confront companies over their social and environmental records.Their research will help fund […]

Halifax mortgage share static

Halifax has failed to increase its share in the mortgage market in the last six months of the year.The has bank announced its market share is set to hold steady at 7 per cent net and 15 per cent gross for the last half of this year. This is similar to figures for the first […]


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