Lenders issued with deadline to prove fairness

The UK’s financial regulator, the Financial Service Authority, has been contacting lenders that deal with home loans, and has advised them that they have a deadline by which they must prove that they are exercising fairness when it comes to their customers. Lenders will have to prove that customers that have arrears or are facing repossession are being treated fairly, and they have until the end of January to prove that this is happening. Read more

Tags: fairness, fsa, repayment, loan afirness, deadline, mortgage

Isa deadline approaching

Consumers are being warned that they must not wait too long before putting their money in an individual savings account (Isa).

The Association of Investment Companies
(AIC) is telling consumers that waiting until the last minute can lead to disappointment.

The final deadline for putting money into an Isa is April 5th but the AIC is warning that some investment companies have their own deadlines in place.

“With just under a month to go until the April 5th deadline, investors may think they have plenty of time to make their Isa purchases,” said Annabel Brodie-Smith, communications director at AIC.

“Whilst it’s easy to leave things to the last minute, investors should be aware that many investment companies have deadlines well before then, so it’s important to act now to avoid disappointment.”

Isas have proved to be extremely popular since they were launched in 1999, offering people a great way of doing their banking in an efficient way.

Customers are given tax breaks on their savings and many find the fact that removing money early is a long process with some Isas to be very beneficial when it comes to saving.

If you are considering putting your money in an Isa start choosing the best one for you now as there are no concessions to the deadline of April 5th.

Tags: Banking, April, minute, deadline, Business Finance