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Millennials will need £1m pension pot to retire

Millennials will need £1m pension pot to retire

Millennials will need a £1m pension pot to fully retire, according to research by international advisory and accountancy firm Mazars.

10 May 2017

Cash house purchases hit record high

Cash house purchases hit record high

A record amount of cash was injected into residential property purchases in 2016 according to research from IMLA, who have raised concerns about growing social divisions in the UK housing market.

10 May 2017

Bank Rate to remain at 0.25% despite 3.4% inflation peak: NIESR

Bank Rate to remain at 0.25% despite 3.4% inflation peak: NIESR

The National Institute of Economic and Social Research expects the MPC to "look through" a temporary spike in inflation and keep interest rates unchanged until mid-2019.

10 May 2017

Fluent's Wheeldon replaces Marie Grundy on AMI Board

Fluent's Wheeldon replaces Marie Grundy on AMI Board

The Association of Finance Brokers, the trade body for second charge mortgage professionals, has selected Fluent Money's Tim Wheeldon to sit on the Board of the AMI.

09 May 2017

Majority of providers missing vital data for Pensions Dashboard

Majority of providers missing vital data for Pensions Dashboard

The majority of pension schemes and providers are missing crucial customer data that is needed for the Pensions Dashboard, according to official research for the Pensions Dashboard Prototype carried out by technology partner ITM.

09 May 2017

Just 3% of first-time buyers unsatisfied with their lender

Just 3% of first-time buyers unsatisfied with their lender

Lenders are receiving increasingly good ratings for satisfaction from first-time buyers, according to a survey undertaken by YouGov for the CML.

09 May 2017

NatWest improves high-value and interest only affordability criteria

NatWest improves high-value and interest only affordability criteria

NatWest intermediary Solutions is making changes to the minimum income requirement for interest only mortgages, the maximum LTV for new build houses and the loan to income maximums for higher value loans.

09 May 2017

Platform increases maximum LTI ratio to 4.85

Platform increases maximum LTI ratio to 4.85

Platform, the intermediary mortgage brand of The Co-operative Bank, has increased the loan to income ratio for qualifying mortgage applicants to 4.85 times income.

09 May 2017

FCA scraps plans for standalone equity release qualification

FCA scraps plans for standalone equity release qualification

The FCA has decided not to introduce a new standalone equity release qualification after receiving "mixed feedback" on whether there was a market need.

09 May 2017

Source replaces ASU offering with Lifestyle Insurance product

Source replaces ASU offering with Lifestyle Insurance product

Source Insurance has launched a brand new Lifestyle Insurance product featuring enhanced cover options, widened acceptance and simplified quote journey.

09 May 2017

 

How will Labour's £80k income tax plans affect pensions?

How will Labour's £80k income tax plans affect pensions?

Over the weekend, Labour’s John McDonnell announced if elected, the party would raise income tax for those earning in excess of £80,000.

09 May 2017

ASTL grows membership with bridging lender

ASTL grows membership with bridging lender

Global bridging lender Reditum Capital has joined the Association of Short Term Lenders.

09 May 2017

Buy-to-let rates begin to rise from record-lows

Buy-to-let rates begin to rise from record-lows

Buy-to-let fixed rates rose in April across two, three and five-year terms, according to Mortgages for Business data, which shows a near-perfect reversal of March’s reductions.

09 May 2017

Fleet appoints BDM for the South East

Fleet appoints BDM for the South East

Fleet Mortgages has announced the appointment of a new Business Development Manager covering the South East.

09 May 2017

Investec launches 2, 4 and 10-year residential rates

Investec launches 2, 4 and 10-year residential rates

Investec Private Banking has launched a range of 2, 4 and 10-year fixed rates across its range of residential mortgages.

09 May 2017

What do Vietnam and the RDR have in common?

What do Vietnam and the RDR have in common?

‘We had to destroy Ben Tre in order to save it’, is a quote that has gone down in history as an example of some of the insanity that was the Vietnam war in the 1960s.

08 May 2017

The Mortgage Partnership rebrands to mark 20th anniversary

The Mortgage Partnership rebrands to mark 20th anniversary

The Mortgage Partnership, the North West based specialist packager distributor, is celebrating its 20th anniversary with a rebrand and a new website designed to provide advisers with access to new services.

08 May 2017

Protection insurers paid record £4.7bn in 2016

Protection insurers paid record £4.7bn in 2016

Around £13m a day was paid out to support people who have protection insurance products such as life insurance, critical illness or income protection, according to ABI figures.

08 May 2017

Goldsmith Williams rebranding to GWlegal

Goldsmith Williams rebranding to GWlegal

National law firm Goldsmith Williams Solicitors is changing its name to GWlegal as part of a wider company rebrand.

08 May 2017

Octane Capital appoints Justin Cooper as Senior BDM

Octane Capital appoints Justin Cooper as Senior BDM

New bridging lender Octane Capital has appointed Octopus Property's Justin Cooper as Senior BDM.

08 May 2017

RDR hasn't improved access to financial advice, says former OMW chair

RDR hasn't improved access to financial advice, says former OMW chair

Former vice-chairman of Old Mutual Wealth, Peter Mann, says the 2012 Retail Distribution Review has been unsuccessful in improving accessibility to financial advice and that lessons could be learnt from South Africa, which has two separate frameworks to suit the wealthy and non-wealthy.

08 May 2017

L&G campaign tackles stigma of mental health in the workplace

L&G campaign tackles stigma of mental health in the workplace

Legal & General has launched a new campaign, coinciding with Mental Health Awareness Week, which aims to reduce the stigma of mental health in the workplace.

08 May 2017

Vida enhances specialist buy-to-let criteria

Vida enhances specialist buy-to-let criteria

Vida Homeloans has announced a series of criteria changes to its specialist buy-to-let range, including increasing the maximum LTV on entire portfolios from 75% to 80% and reducing the minimum property valuation to £50,000.

08 May 2017

Annual house price growth remains at four-year low: Halifax

Annual house price growth remains at four-year low: Halifax

House prices in the three months to April rose by 3.8% on an annual basis - unchanged from March and the lowest annual rate since May 2013, according to the latest Halifax house price index.

08 May 2017

Halifax Intermediaries launches £1,000 cashback

Halifax Intermediaries launches £1,000 cashback

Halifax Intermediaries is offering first-time buyers and homemovers £1,000 cashback on qualifying mortgages from today.

08 May 2017

In the Spotlight with Kim Lerche-Thomsen, Primetime Retirement

In the Spotlight with Kim Lerche-Thomsen, Primetime Retirement

We spoke to Kim Lerche-Thomsen, CEO of Primetime Retirement, about The Pensions Dashboard and the role of technology in the retirement market.

05 May 2017

Stonebridge mortgage applications up by a third in Q1

Stonebridge mortgage applications up by a third in Q1

Stonebridge Group has announced a year-on-year quarterly increase in business applications and completions across its three key product areas.

05 May 2017

Vantage appoints three BDMs to create national sales team

Vantage appoints three BDMs to create national sales team

Specialist distributor Vantage Finance has expanded its national sales team with the appointment of three new business development managers, bringing its sales division to five across the UK.

05 May 2017

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