MM is baffled as to who thinks that bodies such as the consumer panel, the National Consumer Council, Energywatch, Postwatch and Ofcom’s consumer panel make a natural fit.Consumer Direct promises to be a muddle of an organisation covering several industries regulated in different ways and requiring different levels of consumer protection. Clearly, in the realm of finan- cial services, it will leave the field open almost exclusively to Which? as the new body finds its feet. There is a need in financial serv-ices to have a better idea of where consumer responsibility lies embodied in the principle of caveat emptor. The consumer panel is, we believe, opposed to any significant application of the principle by the FSA. This is a shame but at least when industry representatives raise the idea, the panel members know what they are talking about. Merging these bodies is a very silly idea.
Park Row’s chief executive is a keen proponent of personal development and he is aiming to use that enthusiasm to achieve ambitious goals for the newly merged company. Interview by Samantha Shaw.
Michael Lord has taken over as head of mortgages and credit unions in the small firms division of the FSA.He replaces Andy Watson who has left the FSA.Lord will continue to look after the investment department in the small firms division until February 20. He will be succeeded in the role of head of investments […]
Lenders are being warned that they risk falling by the wayside if they ignore the internet. Pink Home Loans managing director Tony Jones claims that banks and building societies which fail to build technology that helps transactions for brokers will lose business. Jones says: “The internet is becoming increasingly important. It was nice to have […]
Strong demand for personal pensions last year offset fall- ing protection and annuities sales and helped increase Legal & General’s fourth-quarter new business flows. The firm saw a 29 per cent rise in UK new business to 292m from 227m in the same period in 2004. New regular-premium pension business increased by 33 per cent […]
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]