All Articles in Financial services

Under UK rules implementing the EU distance marketing of financial services directive, the full terms and conditions of all financial services products, including insurance policies, must be supplied to the…

First it was 9th October 2004 for distance marketing directive compliance by FSA-governed financial services sellers and insurance sellers who elected to be under ‘ICOB’ before insurance gets the full…

New distance marketing financial services rules coming into force 31 October 2004 require certain disclosures to be given ‘in good time’ before the conclusion of the contract with the consumer…

31st October 2004 will see the introduction of not one but two sets of rules implementing the EU directive on distance marketing of consumer financial services.   Topic: Financial services Who: HM Treasury Where: Westminster When: August…

The Consumer Credit Act 1974 regulates consumer credit agreements and ads for loans up to £25,000. New CCA credit ad rules come into force on 31 October 2004 and the…

With mortgage and insurance ads soon coming within its regulatory remit, the FSA has recently come out with a slew of measures and announcements. We report and try to differentiate…

After fifteen years of continuous brick-bats aimed at the 1989 rules, new consumer credit advertisement regulations are coming in October 2004. They demand urgent attention, but are they an improvement?…

In an OFT-commissioned survey, nearly 2000 credit card users were quizzed. Small print in ads got the thumbs down, whilst a summary box of key facts got the thumbs up.…

More and more, UK consumers are taking out one loan to pay off multiple loans. But is the advertising for these services complying with the current regulations? A recent OFT…

The Financial Services Authority recently reported on another six months of enforcement work, tackling misleading ads for financial products.   Topic: Financial services Who: The Financial Services Authority Where: London When: February 2004 What happened: The Financial Services Authority…

Last month we reported a £165,000 FSA fine for misleading financial promotions. Now a still higher fine has been meted out, this time for allegedly misleading ‘pension unlocking’ product ads…