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PIA calls for definition of consumer in FSM bill

The PIA&#39s independent consumer panel is calling for the definition of consumer to be amended in the draft Financial Services and Markets Bill.

The panel wants a distinction to be made between the &#39man-on-the-street&#39 and the serious investor.

It wants the Bill to include a broader scope to help provide one stop shops for customers including mortgage advice, lending and long-term care insurance.


Law firm warns on competition law

A leading law firm is urging businesses and financial institutions to prepare for the launch of the new Competition Act or face heavy fines.The main provisions of the Act do not come into force until March 2000 but law firm Cameron McKenna says nearly 60 per cent of British businesses are failing to prepare for […]

Nationwide offers &#39lowest ever&#39 mortgage

Nationwide has launched a range of fixed and capped rate mortgage products, boasting they are its lowest ever deals.Rates have been reduced by between 0.3 percentage points and 0.5 percentage points. It claims this also makes the three and five-year fixed rates and the three-year capped-rate mortgages the lowest currently available from any high street […]


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