by Colin Baines | May 2017 | Comments
As night follows day, when interest rates eventually go up, there are going to be an awful lot of people defaulting on loans, be they credit card, mortgages or whatever. This, of course, despite constant and strident warnings that consumers should not over commit...
by Colin Baines | Apr 2017 | Comments
The FCA has now provided feedback on its ‘assessing suitability‘ exercise. Their main concerns relate to ineffective disclosure. Can’t argue with that. Points to note are: Always use cash examples to illustrate percentage-based charges. When quoting hourly rates, give...
by Colin Baines | Mar 2017 | Comments
Tracey McDermott, former Head of Enforcement at the FCA and wannabe CEO, is to join Standard Chartered as Head of Corporate, Public and Regulatory Affairs. She knows the bank quite well having, until very recently, been deeply involved in investigating them for...
by Colin Baines | Feb 2017 | Comments
The cost of Long Term Care has been in and out of the news for many years, but now it seems to be stuck firmly in the ‘in’ tray. Barely a day goes by without more tales of woe hitting the headlines. Elderly people are ending up in the back of ambulances because the...
by Colin Baines | Jan 2017 | Comments
Bond prices are falling, which means that bond yields are rising, which means that defined benefit pension providers which need to buy a guaranteed income for their retirees, are getting more for their money. A case was quoted in the FT recently of a 40 year man who...
