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Engaging with millennials - the key to tackling pensioner poverty?

Engaging with millennials - the key to tackling pensioner poverty?

Pensioner poverty is becoming increasingly common among the over 75s in the UK. Figures from the charity Independent Age show that one million pensioners, or one in six retirees, have run out of money mid-way through their retirement.

30 May 2016

The Lending in Retirement Debate Isn't Going Anywhere

The Lending in Retirement Debate Isn't Going Anywhere

The start of 2016 has been rather impressive for equity release. In the first three months of the year, nearly £400 million has been accessed by lifetime mortgage customers.

27 May 2016

FCA appoints PRA exec to Director of Supervision

FCA appoints PRA exec to Director of Supervision

The FCA has announced that Megan Butler has been appointed permanently to the role of Director of Supervision - Investment, Wholesale and Specialists.

27 May 2016

Software provider Target sold in £112m deal

Software provider Target sold in £112m deal

Target Group, the financial services outsourcing and software provider, has been acquired by global firm Tech Mahindra for £112m, subject to FCA approval.

27 May 2016

Fitch upgrades Skipton after balanced mortgage growth

Fitch upgrades Skipton after balanced mortgage growth

Global credit ratings agency Fitch has upgraded Skipton Building Society's long term and short term ratings to A- and F1 respectively.

27 May 2016

New retirement lending sourcing tool goes live

New retirement lending sourcing tool goes live

AIR Sourcing, a new sourcing system for equity release and retirement lending products, has been launched today by Answers in Retirement Ltd.

27 May 2016

Leeds BS launches large loan interest only range

Leeds BS launches large loan interest only range

Leeds Building Society has expanded its interest only mortgage range with new deals for larger loans of up to £1.25m.

27 May 2016

Virgin Money launches new HTB London range

Virgin Money launches new HTB London range

Virgin Money has launched a new range of London Help to Buy Equity Loan products, with a two-year fix at 55% LTV is available at 1.78%.

27 May 2016

Axa to sell AXA Wealth and SunLife

Axa to sell AXA Wealth and SunLife

AXA UK has announced the sale of its UK Life and Savings businesses to Phoenix Group Holdings.

27 May 2016

Treasury: Brexit would wipe £2k off pension pots

Treasury: Brexit would wipe £2k off pension pots

New Treasury analysis suggests that a vote to leave the EU could erode the value of state pensions by £137 a year due to rising inflation.

27 May 2016

 

FTB sales soar 50% as landlord demand eases

FTB sales soar 50% as landlord demand eases

First-time buyer activity has climbed to a two-year high, as the passing of the stamp duty deadline means short-term competition for properties has eased.

27 May 2016

Brexit could cause a 10% drop in housing transactions

Brexit could cause a 10% drop in housing transactions

City level house price growth is running at 10.4%, compared to 6.6% twelve months ago ahead of the General Election, according to the latest Hometrack house price index.

27 May 2016

TenetLime adds four new lenders to panel

TenetLime adds four new lenders to panel

TenetLime has expanded its whole of market mortgage panel with four new lenders.

26 May 2016

Don't be inventive about compliant incentives: FCA issues guidance on inducements

Don't be inventive about compliant incentives: FCA issues guidance on inducements

Over the past few years, the regulator has carried out a number of thematic reviews on the subject of inducements and conflicts of interest.

26 May 2016

AToM launches CRM & sourcing system

AToM launches CRM & sourcing system

All Types of Mortgages has announced the launch of a new CRM system with a built in specialist sourcing system.

26 May 2016

ABI to develop Pensions Dashboard prototype

ABI to develop Pensions Dashboard prototype

The Association of British Insurers has announced plans to accelerate the delivery of a Pensions Dashboard, including potentially creating a prototype.

26 May 2016

84% of brokers to offer second charge advice

84% of brokers to offer second charge advice

84% of brokers plan to include second charge loans in their advice process following the introduction of MCD.

26 May 2016

Yorkshire BS launches 'lowest two-year fix'

Yorkshire BS launches 'lowest two-year fix'

Yorkshire Building Society has launched a 1.14% two-year fixed rate mortgage which it says is the lowest fixed rate currently available on the market.

26 May 2016

BBA: mortgage lending 'falls sharply' after stamp-duty spike

BBA: mortgage lending 'falls sharply' after stamp-duty spike

The latest BBA figures show that gross mortgage borrowing in April saw a 12% annual rise to £12bn, while net mortgage borrowing is running around 3% higher than a year ago.

26 May 2016

Dudley BS adds The Mortgage Partnership to panel

Dudley BS adds The Mortgage Partnership to panel

Dudley Building Society has given The Mortgage Partnership access to its full range of products as an introducer of mortgage business.

26 May 2016

FCA to ban future pension exit charges

FCA to ban future pension exit charges

The FCA has announced that firms will not be able to apply any exit charge for personal pension contracts entered into after new rules come into force.

26 May 2016

April remortgaging soars to post-recession high

April remortgaging soars to post-recession high

Monthly gross remortgage lending rose to £6.4bn in April 2016 - the largest amount recorded since November 2008, according to LMS.

26 May 2016

The journey into retirement - as complicated as a London Bus Map?

The journey into retirement - as complicated as a London Bus Map?

Walking in London recently, a short distance from Putney Heath bus terminus, I was surprised by the number of bus passengers that were only going to the terminus which is in the middle of nowhere.

25 May 2016

CML: 7-day switching success dependent on start point

CML: 7-day switching success dependent on start point

Discussing the government's call for seven-day product switching, the CML said that whether the target is realistic depends on 'when the clock starts ticking'.

25 May 2016

London growth offsets seasonal dip in Q1

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London growth offsets seasonal dip in Q1

London home buyers borrowed £7.1bn for house purchase in Q1 2016, up 6% quarter-on-quarter and 41% annually, according to the latest CML figures.

25 May 2016

1st Stop plans 'significant growth' after new investment

1st Stop plans 'significant growth' after new investment

1st Stop Group has announced a "significant investment" by Pollen Street Capital.

25 May 2016

Nationwide to enter equity release market

Nationwide to enter equity release market

Nationwide plans to enter the equity release market as part of a revamp of its mortgage offering.

25 May 2016

Majority of advisers back Pensions Dashboard

Majority of advisers back Pensions Dashboard

58% of advisers believe that the introduction of a Pensions Dashboard will encourage people to engage with their retirement planning, according to a Royal London poll.

25 May 2016

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