The Financial Services Authority has given its clearest signal yet to the government it wants nothing to do with the regulation of claims management companies.
The Personal Finance Society is appealing to its members for information on approaches from claims handlers pursuing endowment mis-selling cases.
The Financial Services Authority (FSA) has found no evidence small IFA firms are "fobbing off" mortgage endowment complaints, but has discovered some issues with complaints handling practices that firms must address.
The Financial Services Compensation Scheme is expected to send IFAs a bill for £9m next year just for endowment compensation claims, in its overall regulatory levy, IFAonline can reveal.
Endowment mortgage claims management companies are to be regulated as part of the Compensation Bill which will be introduced to the House of Commons before the end of the year.
The Financial Services Authority (is to work with other industry bodies and firms to try to mitigate the increase in endowment mortgage complaints.
Households across the UK are facing a shortfall of £16bn because of the lack of growth in the endowment part of their mortgage, says research published today.
Households across the UK are facing a shortfall of £16bn due to the lack of growth on the endowment part of their mortgage, says research published today.
A backbench MP has put forward an early day motion in the House of Commons calling for the regulation of endowment compensation firms.
The Financial Services and Markets Tribunal has cut in half the fine originally imposed on Legal & General in January by the FSA for mis-selling endowment mortgages.