View more on these topics

OFT looks into HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.

It is considering whether the merger will fall under the provisions of the Enterprise Act 2002.

In a statement to the London Stock Exchange, it says: “Should it be found to be a relevant merger situation, the OFT will further consider whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services that warrants reference to the Competition Commission for investigation and report.”

Recommended

Woolwich cuts product rates

Woolwich is cutting rates on its fixed rate and lifetime tracker mortgages. Its three-year fixed rate deals start at 5.54% while five and 10-year products are available from 5.64%. All have a maximum LTV of 60% with a £995 fee. It has also launched a three-year fixed rate at 5.84% and a two-year fix at 5.99% available to 75% LTV.

TMA launches into GI market

The Mortgage Alliance has teamed up with Abbey for Intermediaries and Halifax to launch into the general insurance market.

Advice or guidance? That is the question

The Retail Distribution Review (RDR) brought many benefits to the UK pension industry, but it also created an advice gap, resulting in consumers with the smallest funds struggling to access advice at a suitable price By Justin Corliss, Business Development Manager The Financial Advice Market Review (FAMR) produced in March 2016 aims to remedy this, […]

Newsletter

News and expert analysis straight to your inbox

Sign up