Posts Tagged ‘consultation’
FSA delays PPI reforms
The Financial Services Authority (FSA), has announced a delay on its plans to reform the Payment Protection Insurance (PPI) market.
The City Watchdog said its consultation will be delayed by six weeks due to a heavy amount of criticism from the financial industry.
Under a PPI policy, an agreed sum of money is paid out each month [...]
Protection for homeowners unable to pay credit card debt
Property owners in danger of losing their homes as a result of consumer debt could soon be better protected.
The Ministry of Justice has launched a consultation on proposed new measures that would set a minimum level of such debt before a court can order the sale of a home.
Under the current system, a property owner [...]
900 jobs at risk as Bosch plans to close Welsh factory
Motor parts manufacturer Bosch has announced plans to close its site in Miskin, near Cardiff, in summer 2011 which will result in the loss of approximately 900 jobs.
The decision follows three months of consultation and the firm has now decided to recommend complete closure of the plant and is said to be transferring the work [...]