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mortgage endowments

Regulation

FOS warns firms about misuse of clients' personal data

The Financial Ombudsman Service (FOS) has reminded firms of its power to order compensation where it deems a business has misused a client's personal information.

clock 22 September 2015 •

Investment

FOS investment complaints dwarfed by PPI scandal

Consumer complaints to the Financial Ombudsman Service(FOS) are still overwhelmingly linked to mis-sold payment protection insurance, with investment products sparking relatively few grievances.

clock 02 August 2011 •

Your profession

Product regulation costs will fall on IFAs - AIFA

Product regulation will lead to a drop in innovation and "inevitable" extra costs for financial advisers, Chris Cummings says.

clock 22 September 2009 •

uncategorised

NU mortgage endowments in 'red danger zone' - papers 12 Jan

Norwich Union has warned there is a "high risk" 90% of its mortgage endowment policies will not pay off people's home loans, despite its main investment fund notching up a return of almost 12% before tax last year, says the Guardian .

clock 12 January 2007 •

Your profession

Mortgage endowment complaints fall

The number of mortgage endowment complaints against IFAs has fallen again this year, according to statistics from the Financial Ombudsman Service.

clock 24 November 2006 •

Your profession

Mortgage endowment suitability depends on risk

A ruling on the suitability of a mortgage endowment policy will depend on whether it exposes the customer to a risk they were unwilling to take, says the ombudsman.

clock 30 October 2006 •

Your profession

Fos publishes guides on funding and redress

The Financial Ombudsman Service has launched a series of quick guides for small businesses outlining its funding, jurisdiction and how it calculates redress.

clock 30 October 2006 •

Mortgages

£2.3bn paid out in mortgage endowment compensation

More than 1.5 million endowment complaints have been handled and over £2.3bn has been paid in redress, according to Financial Services Authority (FSA) records.

clock 31 July 2006 •

Your profession

Pension review levy to end next year, says Fscs

IFAs in the Financial Services Compensation Scheme's (Fscs) pension review contribution group will be unlikely to pay levies from next year.

clock 06 July 2006 •

Your profession

Mortgage endowment complaints rise says Fos

The number of mortgage endowment complaints against IFAs increased again in 2005/06, according to the Financial Ombudsman Service (Fos).

clock 04 July 2006 •
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