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Which? wants bigger fines for misselling

Which? is urging the FSA to significantly increase the fines it imposes on companies found guilty of misselling. In a report this week, the consumer campaign group says it wants penalties to be big enough to alarm institutional investors into putting pressure on companies to prevent future misselling.

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Rooftop widens access

Rooftop Mortgages is to allow Sesame appointed reps and smaller packagers direct access to its products to increase business by 30 per cent this year. It has set up a Rooftop Service Centre in Southend to cultivate new business relationships with smaller packagers. Previously, they would had to go through a big packager to get […]

FOS accuses IFADU’s Owen of harassment

The Financial Ombudsman Service has threatened not to deal with enquiries from the IFA Defence Union after accusing its chief Evan Owen of harassment and intimidating behaviour. Senior legal adviser Louise Reilly has written to Owen describing an email addressed to one of her colleagues as hostile and intimidating. She warns that the FOS will […]

Singing a song

You know it’s August when the press releases become increasingly tedious or amusing, scraping the bottom of the proverbial barrel. This week’s winner arrives courtesy of Polhill client Clerical Medical, informing us that the most popular pop song about money was, indeed, Abba’s Money, Money, Money. The top 10 has two entrants by The Beatles, […]

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