Norwich Union has called for third-party endowment mortgage complaints handling firms to be regulated, to ensure consistent handling of mortgage complaints.
TESCO is launching itself into the multibillion-pound mortgage lending market, says this morning's Times , to try and pick up even more financial services business.
The Consumers' Association says the Treasury figure of 700,000 endowment policyholders who are now time-barred from making complaints is more than reason enough to demand an inquiry into when the FSA and Treasury knew so many people would be denied redress....
Discussion among IFAs has been somewhat heated in the last week about the latest industry developments.
New disputes have erupted between clients and IFA firms over endowment mortgage mis-selling compensation calculations, suggests the Financial Ombudsman service.
The FSA has hit Zurich subsidiary Allied Dunbar Assurance with a £725,000 fine for failing to properly review claims of endowments mis-selling.