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Tested to destruction

The financial sector last week took part in the largest ever test of its preparedness to respond to a crisis such as a terrorist attack or widespread infrastructural damage.

The test, designed to be as realistic as possible, involved a scenario of widespread disruption in London and other financial centres, and included simulated news broadcasts, interviews and market and currency movements.

KPMG will report early next year on the effectiveness of the sector’s business continuity preparations and the contribution the authorities can make.


Egg calls for student loan data to be shared

In conjunction with a new industry initiative to improve banks lending decisions by the increased sharing of customer information, Egg is calling on the government to do its part in raising responsible lending standards and share student loans data.Today Barclaycard, Abbey and the Co-operative Bank announced plans to share additional customer data on credit cards, […]

Advisers must master reversions

Sovereign Reversion has released its half-year results, saying financial advisers must learn about home reversions.

Dreaming of the perfect cascade

The lender community is continually looking for enhancements and upgrades for its intermediary websites to deliver better service. A trend among lenders, particularly in the sub-prime sector, is to provide an online cascade system for brokers.

RICs says government plans flawed

Ahead of the pre-Budget announcement on Monday 5 December, the government’s plans for a planning gain supplement are topic of much debate, and particularly how they relate to housing supply.The Royal Institute of Chartered Surveyors says the government’s proposals to capture uplift in land value after planning consent has been awarded are flawed. It says […]


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