Category Archives: Regulation
FSA fines insurance broker £472,000
The Financial Services Authority (FSA) today banned and fined a former commercial insurance broker who used clients’ insurance premiums to fund his business. Stephen Goodwin, a former partner of Goodwin Best in Bury, Lancashire, has been fined £471,846 for …
£730m paid out in PPI redress in May
The FSA has announced it’s latest monthly update on the amount of payment protection insurance (PPI) refunds and compensation that are paid to customers who were mis-sold a PPI policy In May 2012, £730.5 million was paid out to customers …
New power strengthens consumer credit protection
A new power to help clamp down on rogue companies that provide goods or services on credit, lend money, collect debts or help people with debt problems was announced today by Consumer Affairs Minister Norman Lamb and the Financial …
Broker banned by FSA
The Financial Services Authority (FSA) has banned a mortgage broker following his role in a multi-million pound fraud, for which he was sentenced earlier this year. Brian Lambert, a former director at Talk Mortgage Services, is prohibited from performing …
Posted in Regulation
Tagged Brian Lambert, FSA, Michael Robinson, mortgage broker, Talk Mortgage Services
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FSA freezes assets of suspected land banking firm
Following a High Court order made on 13 July 2012, the Financial Services Authority can now report that on 13 June 2012 it secured asset freezing orders against a number of companies. These were: Asset L.I. Inc. (trading as …