- UK Finance CEO responds to Which? letter regarding the launch of the Authorised Push Payment Scam Voluntary Code(the Code)
- S&P Global Ratings publishes report headed "Islamic Finance And ESG: The Missing 'S "
- A group of banks join with SWIFT to test real-time gpi cross-border payments in Europe through the Eurosystem’s TARGET Instant Payments Settlement (TIPS)
- HSBC is adopting Globality’s innovative AI-based platform for sourcing and procurement of services
- lastminute.com working with Mastercard and Divido on a new instalment payment solution when booking travel
- Banking Trojans increasingly problematic for businesses says cyber experts Beazley
- Currencycloud and start-up Evarvest in new partnership expired
- Habito CEO comments “Despite house prices slowing down, recent Habito research shows cost is the biggest concern for would-be buyers across the UK" expired
- Marqeta $260m funding announced expired
- Monese brings Apple Pay in further markets to its customers expired
- Monzo reaches two million customer level expired
- Paragon's Asset finance business continues to grow its loan book expired
13th November 2018
Industry reports timely transfer of Cash ISAs for first nine months of 2018
The Building Societies Association, the Tax Incentivised Savings Association, and UK Finance committed that for 2018, a minimum of 85 per cent of cash ISA transfers would be completed within seven working days.
The organisations also committed to track the industry’s performance and report quarterly on progress towards meeting the annual target.
UK Finance said: “We can … report that 89 per cent of cash ISA transfers have been completed within seven working days for the period 1st January to 30th September, 2018.
“This performance represents good progress resulting from the industry’s efforts to accelerate cash ISA transfers and demonstrates that it is on course to meet the annual 85 per cent commitment.
“The industry will report on full 2018 performance in aggregate against the 85 per cent floor, early in the New Year.”