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National Consumer Council slams &#39Markets&#39 bill

The National Consumer Council has slammed the Financial Services and Markets Bill for reducing consumers&#39 legal protection when they buy pensions and insurance products.

It says that under the Bill consumers buying a faulty kettle will have more financial clout than those that buy a pension or insurance product that fails.

The Bill which is currently undergoing pre-parliamentary scrutiny does not have a set of consumer protection principles.

Consumers will have to rely on the FSA&#39s &#39principles for businesses&#39 rules to protect their interests.

NCC chairman David Hatch says: &#34Its unfair to expect consumers to take responsibility for their own decisions on financial products. These are complex products that often involve a long-term and expensive commitment. Consumers just cannot afford to make mistakes in this area.&#34


Aon teams up with Hammond Suddards for pension seminars

Aon Consulting is joining forces with its sister company Aon Risk Services and law firm Hammond Suddards to present three seminars examining pensions and investment issues.The topics to be covered include financial planning for executives, investment considerations in a falling market and how to identify and resolve pension disputes.The two hour long seminars start at […]

HMC launches new mortgage

Household Mortgage Corporation is launching a three year fixed-rate mortgage at 5.5 per cent which will only be available through intermediaries.Customers are required to take HMC&#39s Buildings Only Insurance for the duration of the fixed period to qualify for the 5.5 per cent rate. Customers making their own insurance arrangements will be offered a rate […]


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