The Financial Services Authority has recommended that the Financial Services Compensation Scheme’s limits and the Financial Ombudsman Service’s compulsory jurisdiction should not be changed.The regulatory body’s recommendation comes after it found most claims or complaints were still well below the current maximum limits. Current limits for the FSCS, which covers deposits and investments, significantly exceed the 20,000 EU minimum. The FOS limit will stay at 100,000 for all types of business. The FSA says there is no evidence of significant consumer detriment or distortions to consumer behaviour either now or in the immediate future that would justify changing the limits. Robin Gordon-Walker, spokesperson for the FSA, says: “It has been recommended to keep these limits the same as there is no evidence consumer behaviour and market confidence are being significantly affected by them.” The FSA will review the limits again in about five years’ time.
SmartNewHomes.com has relaunched its website with an area especially for first-time buyers and retirees, an overseas area covering new homes for sale in sunnier climates, including America and Spain, and an investor section including details of the recently launched Smart Investor Services across the UK. Additionally, SmartNewHomes.com has partnered with PropertyPriceAdvice.co.uk to feature instant, current […]
The last Bank of England Monetary Policy Committee decision of the year to keep rates at 4.5% didn’t take many by surprise. There had already been enough shockwaves sent through the mortgage lending and advising community with chancellor Gordon Brown’s last minute U-turn on self-invested personal pensions.
Pink Home Loans is setting up a direct-to-consumer lead generation website for its appointed representatives. The website is due to launch at the beginning of January and is designed to add extra value to Pink’s ARs. David Copland, sales and marketing director at Pink, says: “The majority of brokers use lead generation websites. It’s about […]
Figures released by the Office of the Deputy Prime Minister show that house price inflation hit a nine-year low in October.
Amid stuttering growth and political uncertainty, we look for companies that should thrive regardless, Mark Page, manager of Artemis European Opportunities Fund, tells Ross Leckie. Clear here to read article
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