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Visa debit clients can get full refund

Farepak customers who paid the firm using a Visa debit card can get a full refund of lost savings by asking their bank to start a Visa chargeback against Farepak’s bank as a refund for services not received, thanks to a loophole exposed by Money-SavingExpert.com.

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Eating humble ppi

Many mortgage advisers fear that sales practices for payment protection insurance will not improve until stricter regulation is forced on lenders. Some suggest that the big profits generated for lenders by PPI sales are standing in the way of reform.

GMAC and CML in talks over lender league table changes

GMAC is liaising with the Council of Mortgage Lenders to revise the trade body’s methods used to calculate its lender league table. The problem GMAC has highlighted is that majority of lenders in the 30 listed have figures calculated on a calendar year basis but there are seven lenders with different financial year-ends, so they […]

Kiddie quits Barings for ABN Amro role

David Kiddie has unexpectedly left Barings, where he was head of global equities, to take over as chief investment officer at ABN Amro Asset Management. Barings fund manager Tim Scholefield will step up to replace Kiddie just six weeks after joining the fund company. Scholefield will continue to run the £28m global growth fund. Kiddie […]

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