Treasury

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....

Around 700,000 endowment mortgage policyholders have been ‘time-barred' from making a mis-selling complaint to the Financial Ombudsman Service, alleges a Treasury report.

Britain's financial services industry must recognise the big changes set to be unleashed by a pending wave of directives, regulations and other measures, the Treasury says.

The Treasury Select Committee says it will refer financing of the Association of IFAs to the Office of Fair Trading for potential conflict of interest, after the AIFA admitted up to 85 % of IFAs' compensation levy costs into the FSCS are cross-subsidised...

The Treasury has announced National Savings & Investments will fall under the complaints regime of the Financial Ombudsman Service in order to harmonise complaints procedures with other financial services providers.

Home reversion plans will soon be policed by the Financial Services Authority but are unlikely to be included in the first wave of M-Day regulation, the Treasury has just announced.

Chancellor Gordon Brown is expected to give the Bank of England the green light to increase rates next week, despite the official inflation rate threatening to drop below the 1% level at which point the Bank must write to the Treasury explaining its policy...

A Treasury proposal which could see consumers make investment decisions without receiving any advice could up the risk of future mis-selling claims, warns the Financial Services Consumer Panel.

The Treasury Select Committee has published its view on the Budget, saying the government is riding a narrow margin of error on its "golden rule" and must stop overestimating tax receipts as per the past three years.

The wider UK economy is threatened unless the housing market is taken by the scruff of the neck and improvements to government policies and supply are implemented says Kate Barker in her review just published by the Treasury.