The FCA’s new rules on banking accountability will not be used to hunt the scalps of wrongdoers, emphasising ‘there is nothing to fear from high standards.’
Blog Category: News
Has the ‘perfect storm’ of cheap buy-to-let mortgages and eager investors with newly released pension pots created a ticking time bomb for the UK economy?
The Bank Of England are sufficiently concerned about the soaring growth in the market that they have asked their staff to look at ways of regulating the sector.Read More
British Gas has announced price cuts of 5%, which will save the typical householder £35 a year on their energy bill, on the same day that the National Grid issues a warning of an increased risk of powers cuts this winter.
The cut will come into effect on August 27th and will apply to 6.9 million customers.Read More
Our charity of the month for June was Zoe’s Place – a specialist baby hospice at Huyton in Liverpool.
Nominated by Digital Marketing Manager, Nathan McDonald, Zoe’s Place is designed to be ‘a home away from home’, offering both respite and palliative care to children with life limiting or life threatening illnesses.Read More
Britain’s base interest rate may soon be on the rise after being held at a record low of 0.5% for six years.
Bank Of England Governor, Mark Carney, told the Common’s Treasury Select Committee that the date for a rate rise is moving closer, given the performance of the economy.Read More
Royal Bank Of Scotland (RBS) is facing a massive $13 billion (£8.33 billion) bill to settle claims that it mis-led purchasers of mortgage-backed securities in America.
The potential penalty is more than double RBS’s expected profit this year and the American agency involved in the case says it may not be able to pay. The figure is also more than four times what RBS has put aside to settle the case.Read More
Compensation for one of the UK’s biggest ever mis-selling scandals has just broken the £20 billion barrier.
The Financial Conduct Authority (FCA) has confirmed that an additional £390.4 million was paid out for successful PPI claims in May.Read More
The UK financial watchdog has published a new set of rules making top bankers responsible for the misconduct of their employees, unless they can show they took steps to stop it.
The announcement comes two years after the Parliamentary Commission on Banking Standards proposed a shake-up in the rules governing the way in which the country’s top bankers carry out their work following the financial crash of 2008.Read More
Millions of UK households are paying too much for their energy claims a new report by the Competition and Markets Authority (CMA).
After a year long investigation they have found that the Big Six suppliers – British Gas, E-On, Npower, EDF Energy, Scottish Power and SSE – charged households more than they would have in a competitive market.Read More
Telesales worker Deborah Murray had to sit down in the stairs at work when she heard in a phone call how much money she had got back for mis-sold PPI through Gladstone Brookes.
“My legs just turned to jelly,” she said. “I had no idea I was going to get that sort of money back!”
Deborah had made a claim for PPI on three Lloyds loans and when she was told the bank had agreed to pay her £5,492.47± in compensation she was stunned.
“That’s what they’re paying me back? Oh my God – that’s amazing,” she said.
Click to hear the call
Deborah had come to Gladstone Brookes after seeing our advert on TV. “It said something like ‘you haven’t done anything about it’ and it was true. It was possible I had taken PPI on some of the loans I have had so I thought it was worth a try.
“I had no idea I was going to get that much back though! I would have been happy with a couple of hundred pounds. It’s changed my life. My bank balance looks a lot better now!
“I’ve been telling everyone that they should be doing it because the service I had was first class. When I first called up I didn’t have all the details of the loans, but the advisor I spoke to guided me through the process and made it all very easy.
“I haven’t thought what I might do with the money yet. It’s safely in the bank while I give myself time to get over the shock!”