May 16, 2010
Competition Commission step nearer to banning PPI
Story link: Competition Commission step nearer to banning PPI
The Competition Commission has announced it is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI). It was found that millions of PPI policies were mis-sold and in September 2009, City Watchdog the Financial Services Authority (FSA), proposed a major overhaul of the rules. http://www.financemarkets.co.uk/2010/05/16/competition-commission-step-nearer-to-banning-ppi/
May 14, 2010
Students to face higher interest rates on loans
Story link: Students to face higher interest rates on loans
The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis. Following an official review of student finance and fees, the group warned that the financial sustainability of [...]
