Direct Line’s premiums slump amid challenging market backdrop November 8, 2022 Direct Line’s adjusted gross premiums have slumped slightly against a challenging market backdrop. In the nine months ended 30 September, the insurer’s total group premiums were £2.3bn – down 3.5 per cent on last year’s levels. Its Motor and Home markets went down 8.9 per cent and 10.1 per cent respectively, while Direct Line delivered [...]
Lenders need to ‘step up’ to support customers, says FCA chief November 7, 2022 The City watchdog said that lenders need to “step up” to support their customers today as they are battered by soaring mortgage rates and rising prices this year.
Exclusive: FCA threatens buy-now pay-later firms with jail time using financial promotion ‘loophole’ November 7, 2022 The City watchdog has written to buy-now pay-later chiefs warning they could face up to two years in jail if they fail to fall in line with financial promotion rules, as it uses a “loophole” to clampdown on the products despite not directly regulating them, Morning Wire can reveal.
FCA makes lenders pay £12m back to 60,000 as pandemic lessons learnt November 3, 2022 The City’s financial watchdog (FCA) is telling lenders to pay back millions in compensation to borrowers after having learnt lessons from poor practices in the pandemic. A report published by the Financial Conduct Authority this morning outlines that £12m has been paid out to thousands of companies in difficulties. Its executive director of consumers and [...]
Business travel is back, but not as we knew it November 3, 2022 | Sponsored After the challenges of recent years, business travel continues to bounce back. American Express’ latest research finds that over four in 10 (42%) UK businesses are looking to increase the amount of business travel they undertake over the coming year. 1 The research proves that travel and the value of in-person connections go hand-in-hand in driving [...]
Londoners’ anxiety skyrockets 57 per cent due to rising bills, going out less November 1, 2022 Almost sixty per cent of Londoners are increasingly anxious about rising energy bills, with millions eating less healthily and staying in more to save cash. The human impact of the cost of living crisis continues to deepen, with new figures exposing a deep generational dive between young professionals and over-65s. The data, published by Personal [...]
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Manage your wealth with help from expert financial planners October 17, 2022 | Sponsored Protecting and growing your assets can be tricky, but getting the right financial support could help you make the right choices. This is where Ryley Wealth Management could help. Whether you’re looking to build, grow, protect or preserve your wealth, the practice helps both private and corporate clients plan for their future financial wellbeing by [...]
LendInvest warns of mortgage volatility as it ‘tightens credit appetite’ October 10, 2022 Mortgage fintech LendInvest said it was tightening its “credit appetite” today as it grapples with the volatility that has shaken the market in the wake of the government's so-called mini-budget.
Scammers circle as Brits pull emergency cash from pension pots October 6, 2022 Cash-strapped Brits looking to draw on their pension pot to cope with the rising cost of living are at risk of predatory scam tactics, the UK’s financial watchdog has warned today.