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Don&#39t regulate, educate

Seven out of 10 compliance officers in the financial services industry say mis-selling can best be avoided by improved consumer education rather than tighter regulation.

In a survey of 134 financial advisers dealing with mis-selling claims conducted by Huntswood Outsourcing Solutions, more than nine in 10 believe educating children in personal finance should be made compulsory in schools.

Seven in 10 say the government should take direct responsibility for financial education with Treasury-funded public education programmes.

Huntswood says reluctance among pupils is no barrier with more than one in four 15-19 year olds saying they want personal finance education.



London leads the way with LiveIn Quarters initiative

Another proposed solution to the housing crisis for key workers in London, and one backed by mayor Ken Livingstone, is the LiveIn Quarters initiative. LiveIn Quarters is a company that specialises in modular buildings – flat pack homes designed for single occupancy which can be slotted into disused carparks or playing fields. Apartments, the first […]

B&W extends adverse range

Bristol & West Mortgages has extended its adverse credit range to provide greater variety and improved rates and benefits. The extended range was launched on October 21 and, while remaining easy for brokers and customers to understand, now provides them with significantly more choice. All adverse products start with a one-year discounted base rate tracker. […]

Rooftop Mortgages cuts margins on medium and high adverse products

Rooftop Mortgages has reduced its margins across their medium and high adverse product range on mortgage products below 80% LTV. The reduction is as much as 0.45% depending on the product selected. The lender has also increased its maximum CCJ limit on the product range. Medium limits increase from £5,000 to £7,500 and heavy increases […]

We are having to interpret the FSA&#39s rules ourselves

From Chris BishopI sympathise with John Helliwell (Mortgage Strategy October 20). The answer to his question is on the Financial Services Authority&#39s website and I recommend that he studies it. This is not a course of action for the faint-hearted as the website will certainly never win any awards for plain English, although it makes […]


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