Regulation

Half a million pound fine for payday lender

The Office of Fair Trading (OFT) has imposed a £544,505 financial penalty on the...

L&G outlines post-RDR legacy product rules

Legal & General has provided details for its post-RDR adviser charging rules for individual...

FSA takes action against City Gate

The FSA has publicly censured City Gate Money Managers Limited and banned its director...

Crucial European vote on mortgages delayed

A vote that may decide the final shape of the proposed European directive on...

‘Simple’ financial product recommendations outlined

A government steering group has published recommendations for ‘simple' financial products. Mark Hoban, Financial Secretary...

Turkish Bank fined for money laundering failings

The FSA has fined Turkish Bank (UK) Ltd (TBUK) £294,000 for breaching the Money...

Consumer Panel wants “smarter, faster and bolder” regulator

The Financial Services Consumer Panel has made six recommendations it views as essential if...

Advisers more worried by costs than RDR

Advisers believe regulatory costs are more likely to have a greater impact on future...

FSA cancel’s intermediary’s permissions

Simon Wood, trading as Wood Associates Independent Financial Services, has had his Part IV...

EU to criminalise interest rate manipulation

The European Commission has moved to make interest-rate manipulation a crime across the EU....

AMI criticises FSCS funding proposals

The Association of Mortgage Intermediaries has reacted unfavourably to the FSA's consultation proposals for...

FSA consults on new FSCS funding model

The FSA has proposed changes to the funding of the Financial Services Compensation Scheme...

After the Olympics: RDR!

We are but days away from an event that has been seven years in...

Broker whacked with one of FSA’s largest insurance fraud fines

The FSA has banned and fined a former commercial insurance broker who used clients’...

COMMENT

Managing cashflow and risk in today’s turbulent market

Over the past decade buy-to-let landlords have become accustomed to operating in a market where it can often feel like change is the only...

Is there such thing as a ‘typical borrower’ anymore?

What is a typical borrower? A few decades ago, it would have been a salaried employee, single source of income and, most likely, a...

Private credit has reached its next stage of maturity

Every lending market experiences moments that prompt uncomfortable questions. A high profile default, allegations of poor governance or a significant loss inevitably lead to...

Your clients aren’t being stolen… they’re being handed over

Let's be honest about something the industry won't say out loud. Lenders going direct aren't the problem. Brokers are. Every year the same conversation happens....

AI is changing banking but trust will define who succeeds

For the past three years, the conversation around artificial intelligence in financial services has been dominated by technology. Every week seems to bring another...

Latest news

Stamp duty and community ties deter older homeowners from downsizing

Nearly 60% of over-65s have considered downsizing, but financial costs, community ties and a...

HSBC eases fixed-term contract criteria for residential borrowers

HSBC has widened its residential lending criteria for certain applicants employed on fixed-term contracts. Medical...

Stamp duty and community ties stall downsizing

Nearly three in five over-65s have considered downsizing but stamp duty, family ties and...

Fairfax steps down as Catalyst CEO

Catalyst Property Finance founder Chris Fairfax is stepping down as chief executive following the...

PROFILES