View more on these topics

BIBA supports FSA’s PPI plans

The British Insurance Brokers’ Association has lent its support to the Financial Services Authority’s announcement that its plans to strengthen sales practices in the Payment Protection Insurance market have entered a new phase.

Eric Galbraith, chief executive of BIBA, says: “It is important that consumers realise that they don’t have to take out PPI from the same place they get their loan from.

“There are competitively priced contracts, often with wider cover, available from the specialist insurance broker.”

He adds: “BIBA has been calling for action to be taken for sometime now to help eradicate poor sales practices in the payment protection market.

“We are therefore pleased that the FSA has decided to step up its supervisory activity in this area.”


Underperforming firms to face FSA fines

Firms offering mortgage advice could face public censure and have fines imposed on them should they fail to improve their processes, the Financial Services Authority has warned.The warning follows the regulators wide-ranging review of over 250 firms advice processes, which has prompted the FSA to refer several of the firms assessed to enforcement after they […]

Diamond Lifestyle achieves its AIM

Diamond Lifestyle has successfully completed its move to become quoted on the Alternative Investment Market with the reverse takeover of an existing AIM company called Enterprise North

Break the boom and bust service cycle

It’s a new year offering new challenges and I bet you can’t wait to get stuck in. But hold on. Perhaps we ought to do things differently in 2007.

Victoria warns of rate rises on the high street

High street lenders will waste no time in passing on the Bank of Englands base rate increase to borrowers, warns Victoria Mortgages.The lender says the rises will come despite mortgages being largely funded by stable customer deposits.It believes the rise will materialise even though sub-prime lenders, which rely on the wholesale securitisation and swap markets […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


News and expert analysis straight to your inbox

Sign up