View more on these topics

Brown calls for all unsecured lending to fall under FSA

Prime Minister Gordon Brown outlined plans in his manifesto today to make all unsecured credit regulated by the Financial Services Authority.

He says over the lifetime of the next parliament, as more affordable lending becomes available, it will clamp down on the interest rates and other fees charged by instant loan companies and payday or doorstep lenders, tackling the very high cost lending that hits low-income communities hardest.

He says: “We will introduce a single regulator for consumer finance to restore confidence and trust with responsibility for the supervision of all unsecured lending being passed to the Financial Services Authority.

“And new rules governing how financial products are sold will be introduced with a crackdown on unfair terms in contracts.”



The Third Man

It used to be the case that a week was a long time in politics, but now, after the much anticipated Leaders debate last night delivered a surprisingly enticing slice of political drama, 90 minutes can be an entire career.

Retire, retirement, calculator

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Mani 13th April 2010 at 10:36 am

    Ignore would Gordon Brown is saying and vote for the Tories. They will send the FSA back to where they belong….in a big black hole!!!