The Financial Services Compensation Scheme says it is aware of at least 300 complaints relating to mis- selling by Berkeley Berry Birch Network, which it declared in default last week, allowing consumers to claim compensation.Following the sale of assets from BBB Network – formerly known as Berkeley Independent Advisors – to Tenet Group in March and its descent into administration, the liability for complaints now lies with the FSCS. The Tenet Group, which took on the liability for claw-back claims from creditors when it bought BIA’s assets, says the default has no impact on its business. Consumers can claim compensation from the FSCS of up to 48,000. Loretta Minghella, FSCS chief executive, says: “It’s important for consumers to know that if they believe they may have lost money as a result of negligent advice, they can contact us.”
- Top trends
Easier2move has appointed Gordon Bell as a lender focused business development manager. Bell will be responsible for building up lender work throughout the UK. In addition to overseeing tenders for banks and building societies, he is charged with the day-to-day account management amongst the packaging and estate agency communities.Bell ran the Halifax panel prior to […]
Richard Coulson, chief executive, Home of Choice
You might well wonder about the name Stonehaven and its background. Well, Stonehaven is the newest entrant in the equity release sector and it has not come to market without considerable preparation. As it launches its trial with a number of introducers, Stonehaven as well as the rest of the market will be looking to see whether it has got its offering right.
Hamptons Mortgages has reported a whopping 87% rise in business over the last three months compared to the same period last year. June, July and August saw record- business at the London-based brokerage, coinciding with rocketing gross mortgage levels across the industry – the Council of Mortgage Lenders reported gross mortgage lending of 30.4bn for […]
A report from the Centre for the Modern Family out last week presents some interesting — and perhaps rather worrying — findings.
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