View more on these topics

Treasury minds the gap

The Treasury is investigating ways to prevent consumer complaints falling through the gaps created by the FSA taking on mortgage and general insurance regulation.

The gap was identified by the MCCB, which raised concerns that during the period before handing over to the FSA, consumer complaints may drop “through the cracks” with no body to deal with them.

Responses to the consultation must be received by November 21.

Recommended

Pensions deficit could disappear if investment conditions right – Standard Life Investments

A 20 per cent increase in the global equity markets over the next two years combined with a 1 per cent increase in corporate bond yields would eliminate the pension deficit as an investment concern says Standard Life Investments chief investment officer Keith Skeoch. Skeoch says: “Clearly, rising equity markets are part of the solution. […]

FOS now expects 50,000 endowment complaints

The Financial Ombudsman Service says it now expects to receive 50,000 mortgage endowment related complaints during the 2003/2004 year, up from the 20,000 it had predicted in the Spring. The increase is due to a sudden surge over the last two months in the number of endowment complaints received by the FOS. It now says […]

A consumer&#39s view

Another disaster is looming and, unless IFAs move fast to advise clients, they could be in trouble. Just at the worst possible time, investors are pouring into corporate bond unit trusts at nearly double the rate of five years ago.As any good adviser knows, you buy bonds – including corporate bonds and gilts – when […]

Lowering the hurdles

What do you think of the FSA&#39s plans to reduce professional indemnity insurance and capital-adequacy requirements for some mortgage brokers?Batchelor: We felt that to impose a capital resource requirement on some mortgage intermediaries who have already had to cater for increased PI premiums could prove overly oppressive, particularly if they are not holding client money, […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment