FT Alphaville: AIG’s Ocean TV

In September Ocean Finance launched a dedicated television channel named “Ocean TV” on channel 888 on Sky. FT Alphaville spent some time watching said channel last night, and was errr a little shocked. The programming is stacked with “Changing Rooms” style programming talking up equity release, personal loan programmes to encourage home improvements, new cars etc — as if Changing Rooms and Property Ladder themselves didn’t contribute enough to the respective UK property bubble. There’s more though, products range from re-mortgaging loans, debt consolidation loans, home owner loans, etc.