Archive | Financial Sector

Swiss bankers dismiss ‘overtly pessimistic’ UK finance job loss scenarios post-Brexit

Anecdotal evidence given to IBTimes UK suggests the country’s banks are looking to hire more employees in London. Several senior banking sector professionals in Switzerland have discounted the “overtly pessimistic” finance job loss scenarios being brandished about London, including a recent take by the Bank of England. In a recent report, the UK central bank […]

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GDPR A REAL CONCERN FOR BROKERS

Brokers urged to implement change now or risk heavy fines. Brokers have been told to set up a task force to deal with the impending EU General Data Protection Regulation (GDPR), as any wrong-doing could be disastrous. This comment, from Ian Hughes, chief executive of Consumer Intelligence, comes after he warned that home and motor insurers could face […]

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Insurance Brokers

FCA Findings are that General Insurance Brokers do not always provide clear and appropriate information on payment options. The FCA recently published a report detailing their various concerns on how brokers arrange credit for their clients. Many brokers arrange or provide the option for their clients to pay by instalments in conjunction with arranging a […]

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The Financial Sector

The financial sector is a wide term used for a variety of industries which include financial advisers, mortgage/insurance providers and their brokers. The financial sector alone constitutes 7% of all UK employment which is spread over London and other cities such as Edinburgh, Leeds and Manchester. History of the Financial Sector The financial sector has […]

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