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FSA measures consumers&#39 financial capability

Addressing a discussion, Financial Capability: Making informed decisions about mortgages, held at the House of Commons last week, the FSA said the baseline survey is progressing well.

Part of the regulator&#39s remit is to help the public understand financial issues and ensure they do not buy unsuitable products. The industry and politicians agree that it is vital to help people understand finance so they can avoid getting themselves into dire straits.

Stephen Knight, chairman of discussion sponsor GMAC-RFC, says: “We want to encourage people to own their own homes and repossession should be avoided.”

To help people assess their affordability credit checking agency Experian is developing a self- assessment tool that will specifically target borrowers on the brink of indebtedness.


Some potential ARs are taking it to the brink

Further evidence that brokers are still unsure about what to do as Financial Services Authority regulation looms came Mortgage Strategy&#39s way last week. A broker called up to pick our brains on how to choose a network, having spent the past few months trawling through the promotional literature to narrow his choice to two. MS […]

HBOS not to bid for Abbey

Further to the announcement made on August 2 in respect of a potential combination with Abbey, HBOS plc says it has now concluded its analysis. Notwithstanding the very substantial opportunity to create synergies, and a strong competition case with which to engage the regulators, HBOS has decided not to proceed with an offer for Abbey. […]

10 million below poverty line paying more for services

Exactly a year since the NCC lifted the lid on a hidden Britain where millions struggle to afford essential household utilities, the independent consumer policy expert is launching an initiative to tackle the injustice that leaves the worst off getting the worst deal. The NCC&#39s dossier of the double disadvantage inflicted by poverty will be […]

TMW pulls non-status self-cert feature

Although the two self-cert products, launched on September 2, are being retained, brokers have until Friday 17 to get all applications in using the old non-status system. One source tells Mortgage Strategy Online: “I don&#39t think the product as it stood fitted in with the FSAs definition of responsible lending.” In place of the non-status […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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