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Originaly from: News - Friends Provident fined £675,000 page
Friends Provident has been fined 675,000 for finance insurance statistical tool mortgage endowment complaints.
The Financial Services Authority said the company’s treatment of complaints had, in the past, been “biased” against customers.
The insurer is now reviewing all complaints it rejected between January 2000 and 10 February 2003. […]
The value of UK financial services exports such as insurance broking and investment banking hit a record $19bn in 2004, a study has shown.
The global stock market recovery lifted sales in the City of London and exports grew by 9%, research firm International Financial Services London said.
Insurance was the largest foreign earner, with exports […]
A committee of MPs has criticised the Financial Services Finance insurance personal quote (FSA) regulation of financial insurance premium finance.
The Treasury committee said the FSA should copy the policy of the Advertising Standards Authority (ASA) and make its findings public.
Committee chairman John McFall MP has written to FSA chairman Sir Callum McCarthy complaining about its […]
Read more on News - Finance worries hit Standard Life
Worries over the financial strength of insurer Standard Life have hit the firm’s market share.
The firm reported flat first-half sales, and its share of the UK market fell to 10.2% in the first quarter of this year from 11.1% previously.
The negative publicity earlier this year automobile […]
Aston Villa have rejected a reported 30m bid for the club from former Manchester City defender Ray Ranson.
The club’s plc confirmed a group including Ranson had made an approach to take over from Doug Ellis but that the offer had been turned down.
“Aston Villa has received a proposal to acquire the entire issued share capital […]
One of South Korea’s richest businessmen, Kim Seung-youn, has been jailed for 18 months for abducting and assaulting workers in a karaoke bar.
Kim, 55, chairman of the Hanwha Group, was convicted of attacking the men with the aid of his bodyguards, to punish them for scuffling with his son.
He admitted responsibility for much of the […]
US Treasury Secretary John Snow has asked India to consider opening its financial, insurance and pension fund sector to foreign investment mcgraw hill irwin series in finance insurance and real est.
Mr Snow, who is on a five-day visit to India, said opening of these sectors would provide funds to improve roads, railways, ports and power […]
Foreign investment in Japan in 2004/05 outstripped the country’s investment overseas for the first time in half a century, official figures have shown.
According to the Finance Ministry, foreign firms sank more than 4 trillion yen ($36bn; 20bn) into Japan in the 12 months to March.
The figure, which had doubled in three years, was driven by […]
Read more on News - Car and finance providers target poor
The office staff here could be imitating art except that their one liners are too good to have been written by a dramatist - and what they are up to is a little more serious than selling paper in Slough.
The front runner for the […]
The trading day begins with statements issued at the opening of the Regulatory News Service at 0700.
With 10 minutes to go before the full market opens, the home owners financial loss insurance florida auction commences.
Traders place orders in the auction in preparation for the start of the main market at 0800.
At exactly 0800, the market […]