UK Finance News

The Financial Services Authority (FSA) has announced that it has fined Europe’s biggest bank HSBC over breaches of confidentiality and information security within three separate units of the bank.
The FSA says that fines ammount to over £3million and are split between  HSBC Life, HSBC Actuaries and HSBC Insurance Brokers. The three units of the bank [...]

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One year on from it’s original publication The Hodge Lifetime IFA Confidence Index has just published it’s fifth quarterly report addressing the concerns,  perceptions and issues facing Independent Financial Advisers (IFA) within the equity release industry.
The latest report shows that 75% of IFAs say that interest in equity release schemes has stayed steady or shown [...]

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The Financial Services Authority (FSA) have outlined plans for UK financial institutions and insurance companies to provide consumers with details of customer complaints.
The FSA propose that the public would be given access to data regarding the number of complaints received, the main products or services generating the complaints and the outcome of those complaints.
Companies generating [...]

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The Financial Services Authority (FSA) say that under a proposed  new scheme, some of the fines that it hands out for breach of market regulations could treble in size, if the proposals are adopted for regulation in 2010.
The new approach is designed to permanently change the behaviour of those who breach market rules by imposing [...]

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Chancellor Alistair Darling has warned UK bankers not to slip back into their old ways as though the financial crisis had never happened as he promises a much tougher regulatory system to control banks.
Darling did not mince his words in an interview with The Independent when he said; “There are people who are too complacent [...]

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