No News Friday!
Quotation: For most folks, no news is good news; for the press, good news is not news.
Well it’s a quiet Friday - with nothing much happening on the Secured Loans news pulse. I can’t dig out one single item of information about the Secured Loans industry.
Perhaps it’s a lull before the storm and next week we’ll see the FSA, OFT, ICO and all the other acronyms of British Officialdom come out all guns blazing!
The only pieces of news I can report on relate to things I’ve mentioned in the last week or so. After their early teething problems, DB Mortgages has announced the launch of a new product range. The product rates will include new two and three-year fixed rates across the whole of the range. The current two-year base rate tracker pricing is also being revised.
And after yesterday’s news about the Which? report on Independent Financial Advisers (IFAs) the Lib Dems’ shadow chancellor Vince Cable has made a statement
“This finding emphatically underlines the growing and glaring need for a genuinely independent system of generic financial advice which does not depend on the self interest of people trying to earn commission.
“The government has put a lot of money into financial education and is supporting the principle of a levy on city companies in order to strengthen financial education. However, this report makes it clear that a more urgent problem is the lack of independent financial advice which people can access, before they run into serious debt”
