29th July 2011
News from Compliancy Services
Ministry of Justice News
Over 30 financial claims management firms have had their licence suspended or cancelled in the last six months by the Ministry of Justice...
Regulators Urge Caution on Claims Firms
Regulators have urged consumers to think carefully before agreeing to pass their complaints to claims management comapnies and to ensure they understand the fees they will be charged...
Base Rate Remains at 0.5 Percent
The Bank of England Base Rate is held at 0.5 per cent for the 28th month in a row and has kept quanititative easing at £200bn...
Economic Growth Slows Down
According to the National Institute of Economics and Social Research it estimates that GDP grew by 0.1% in the three months ending in June, following growth of 0.5% in the three months ending May...
Re-Mortgage Activity up 17% in July
The number of remortgage loans advanced in May increased by 17% by number and 20% by value compared to the previous month, according to data from the Council of Mortgage Lenders...
Inflation Drops Unexpectedly
The UK Inflation rate fell unexpectedly in June down to 4.2%, down from 4.5% in May, according to the Office for National Statistics...
Tough New Rules Face Criticism
The UK financial regulator is wasting time and money on its new rules for toughening retail financial advice as it risks being overtaken by European regulation, according to the fund management industry...
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