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IFAs have welcomed Scottish Widows’ plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.
The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.
Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.
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Mint Financial has refused to comply with a Financial Ombudsman ruling to compensate investors in a failed Intregity Maximiser plan for 18 months while it haggles over how much to give the elderly couple.
A policeman’s wife took part in a £10m mortgage scam in exchange for lavish gifts worth £1m, the Old Bailey heard.
The Financial Services Authority (FSA) has fined the Bank of Scotland (BOS) £3.5m for failures in handling customer complains, and secured £17m in compensation for customers.
Last week, the financial ombudsman (FOS) published, for only the second time, the number of complaints against authorised firms referred to its office.
A third - or almost 30,000 - of all consumer complaints referred to the financial ombudsman (FOS) in the second half of last year were against just three high street banks.
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