View more on these topics

Treasury must avoid costly regulation – Cable

Liberal Democrat Treasury spokesman Vince Cable welcomed the Treasury&#39s decision to regulate home reversion schemes, and said home reversion providers that have already set their own reputation on the line with self regulation would be pleased.

But he says there will always be problems with introducing regulation as it can be costly and intrusive or effectively box ticking. He underlines the need for it to be done intelligently.

He says: “If equity release is going to develop in an orderly way consumer confidence has to be built on. There has to be regulation to prevent abuse, particularly where there has been abuse in the past.”


Hit and myth

There have been criticisms of equity-release schemes in the media, including Which? magazine, and this article is intended to respond to those criticisms and to dispel some of the widely held myths about equity release. First, there are two types of equity release. The first is where you sell your property or part of it. […]

Structured products to be next misselling risk – FOS

The FOS has predicted that structured products could become the next misselling scandal to follow from the current spate of mortgage-endowment related complaints. Speaking at the Building Societies Association&#39s annual conference in Manchester, Ombudsman Caroline Mitchell said she revealed numbers of complaints about these products have been increasing saying she is currently receiving around 70 […]

That will be the A-day

Taxbriefs should have to write out: “Pension simplification comes in from April 2006” 100 times, says the Diary after seeing its Spring Financial Review that was being handed out at last week&#39s Money Marketing Live. The Diary knows it can be expensive to get a reprint but, with a lead article putting A-day a year […]

Pension edge

With a perfect storm of events – a litany of misselling scandals and stockmarket volatility – it is not surprising consumers are reluctant to commit to insurance company pensions for 30 to 35 years. This is true when the Government expects pension portfolios to grow at about 6 per cent a year before charges over […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment