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£100m milestone for mis-selling victim helping others fight the banks

A Yorkshire businessman who lost his property empire because of a mis-sold interest rate swap has reached a £100m milestone with his venture helping other victims take on Britain’s banks. Jon Welsby is heading Redress Services, which advises entrepreneurs whose businesses were crippled after being mis-sold swap products. Interest rate swap products

Financial advisers are operating “blind” in foreign exchange

Financial advisers are recommending foreign exchange providers “blind”, without knowing how much their clients will be charged, according to an industry expert. Helen Scott, managing director of Leeds-based Eris FX, is lobbying ministers and regulators to force currency providers to provide clear, upfront information rather than pricing customers based on their

Regulatory approval completes sale of HML

Skipton Building Society has today completed its sale of HML, the UK and Ireland’s leading third-party mortgage administration company, following securing regulatory approval from the Financial Conduct Authority (FCA) earlier this month. Contracts with Computershare Limited were exchanged in July, with HML being sold for £47.5m, plus an adjustment for surplus