View more on these topics

Which? slams “”inadequate”” FSA

In response to the FSA’s latest ‘Financial promotions mortgage and general insurance bulletin’, Laurence Baxter, principal policy adviser at Which?, says: “In relation to the selling of protection products, the FSA has uncovered a catalogue of mis-selling tactics including scaremongering and unsubstantiated claims. But the FSA’s response to tackling these problems is woefully inadequate. Instead of imposing the severest sanctions it is taking the almost conciliatory approach of writing to firms asking them to stop. It’s a bit like a policeman watching a bank robbery and telling the robbers afterwards that they shouldn’t have done it.”

Recommended

Dear Delia

Alan is a taxi driver in Birmingham earning 30,000 a year. He has a mortgage of 91,500 on his flat now valued at 130,000. He has a secured loan of 14,500 plus 7,000 credit card debts and one County Court judgement for 450. He lost his driving licence for six months and missed payments on […]

Thailand is next boom area

Research from the Property Investor Show reveals that nearly 15% of property investors believe the Far East, in particular Thailand, will see the biggest house price rises in the next few years. Those looking further afield for their next purchase are finding that exotic locations can provide a good investment, with yields as high as […]

Leeds launches capped base rate tracker

Leeds & Holbeck has launched a capped base rate tracker.The mortgage offers a combination of a capped base rate tracker, with the cap ensuring the maximum rate payable is 4.75%.Leeds comes into being on September 12, when Leeds & Holbeck changes its name, however, the new capped tracker mortgage is available immediately. The current fee […]

Treating customers fairly – what?

Those who think the regulator’s TCF initiative is insulting to the integrity of the insurance industry have not experienced the impact when things go wrong, says Richard Griffiths

Newsletter

News and expert analysis straight to your inbox

Sign up