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Finance Archive
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Complaints to Financial Ombudsman Service increased in first 6 months of 2011.
Data just released by the Financial Ombudsman service (FOS) showed that complaints rose by 54% during the first half of 2011 to almost 150,000 when compared to the previous 6 months. The mis–selling of payment protection insurance by the large banking groups was responsible for the huge increase, accounting for around 72,000 of total complaints. [...] -
Mortgage affordability at its best for 10 years says Barclays
Mortgage affordability has hit its best level for 10 years, according to new research from Barclays. Having analysed more than one million customer accounts it found that people are currently paying 15.4% of their take home pay to cover their monthly mortgage payment – the lowest level since Barclays began the regular analysis ten years [...] -
UPDATED: European decision could increase life insurance costs
A decision tomorrow by the European Court of Justice (ECJ) on whether charging different premiums to men and women is against discrimination laws could have a significant impact on the UK insurance market and the premiums charged to customers on products such as car and life insurance. The European Gender Directive prohibits discrimination on the [...]
