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PwC fined £2.3m over subprime lender audits

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PwC fined £2.3m over subprime lender audits

The Financial Reporting Council has fined PricewaterhouseCoopers £2.3m over auditing failures relating to subprime lender Cattles and its subsidiary Welcome Financial Services in 2007.

31 Aug 2016

Savings providers cut rates by up to 1.3% in August

Savings providers cut rates by up to 1.3% in August

August has been the worst month of the year for savings rate cuts following the Bank of England's decision to cut the base rate to 0.25%.

31 Aug 2016

more 2 life cuts lifetime mortgage rate to 4.49%

more 2 life cuts lifetime mortgage rate to 4.49%

more 2 life has further reduced interest rates on its Capital Choice Plan, with a new monthly interest rate of 4.49%.

31 Aug 2016

Robert Peston and FCA to speak at FSE London

Robert Peston and FCA to speak at FSE London

The full seminar programme has today been revealed for FSE London, with the key-note speech being given by ITV’s political editor, journalist Robert Peston.

31 Aug 2016

Sesame and PMS add Pepper Homeloans to panels

Sesame and PMS add Pepper Homeloans to panels

Sesame Network and PMS Mortgage Club have added Pepper Homeloans to their lender panels.

31 Aug 2016

Monthly remortgage lending surges 27% to eight-year high

Monthly remortgage lending surges 27% to eight-year high

Monthly gross remortgage lending has reached its highest level for almost eight years after hitting £7.1bn in July, according to LMS, who attribute the boost to favourable post-Brexit conditions.

31 Aug 2016

Government to introduce Pensions Advice Allowance

Government to introduce Pensions Advice Allowance

The Treasury has confirmed that it will take on board recommendations in the Financial Advice Market Review and introduce a Pensions Advice Allowance which will allow people to take £500 tax free from their DC pension to redeem against the cost of financial advice.

31 Aug 2016

NatWest cuts fixed rates by up to 0.25%

NatWest cuts fixed rates by up to 0.25%

NatWest Intermediary Solutions is today cutting rates across its two, three and five year residential and remortgage fixed rate products.

31 Aug 2016

House price growth recovers with 0.6% rise: Nationwide

House price growth recovers with 0.6% rise: Nationwide

House prices rose by 0.6% in August, taking the annual growth rate in property prices to 5.6% and the average house price to £206,145, according to the latest Nationwide house price index.

31 Aug 2016

Home insurance premiums remain flat as competition increases

Home insurance premiums remain flat as competition increases

Home insurance price rises are beginning to slow, with increased competition limiting annual price rises to just 1.6% and taking average costs to £119.

30 Aug 2016

 

Leeds BS appoints head of IT Risk from HSBC

Leeds BS appoints head of IT Risk from HSBC

Leeds Building Society has appointed a new lead for its IT Risk and Governance team.

30 Aug 2016

A third of 45-54s say mortgage costs prevent retirement saving

A third of 45-54s say mortgage costs prevent retirement saving

93% of those aged 45 to 54 say they face barriers to saving, or saving more, towards retirement, according to Aegon research.

30 Aug 2016

Number of IP policies increases for first time since 2007

Number of IP policies increases for first time since 2007

The number of individual income protection policies has increased for the first time since 2007, which ABI says "shows promising growth in income protection market".

30 Aug 2016

BoE: mortgage approvals fall to 18-month low

BoE: mortgage approvals fall to 18-month low

The number of mortgage approvals stood at 60,912 in July, lower than June's total of 64,766 and the average of 68,775 over the previous six months, according to the latest Bank of England Money and Credit Report.

30 Aug 2016

Advisers predict post-Brexit business surge

Advisers predict post-Brexit business surge

Over half of financial advisers are expecting an increase in the number of clients seeking specific Brexit-related financial planning advice, according to Prudential research.

30 Aug 2016

Kuflink appoints Barry Meeks as Independent NED

Kuflink appoints Barry Meeks as Independent NED

Kuflink has announced the appointment of Barry Meeks, as Independent Non-Executive Director.

30 Aug 2016

'Bank of Mum and Dad' willing to fund FTBs onto property ladder

'Bank of Mum and Dad' willing to fund FTBs onto property ladder

Over a quarter of parents say they would consider funding other people’s children onto the property ladder in exchange for a return on their investment.

30 Aug 2016

BoE Chief Economist: investing in property is better than a pension

BoE Chief Economist: investing in property is better than a pension

Bank of England Chief Economist, Andy Haldane has said that property is a better investment for retirement than a pension.

30 Aug 2016

Shine a light on mental health

Shine a light on mental health

The fight to end mental health stigma was given the ‘royal seal of approval’ in May when, the Duke and Duchess of Cambridge, along with Prince Harry, launched the ‘Heads Together’ campaign. This comes at a time of growing awareness of mental health issues and an acknowledgement from the Government that more needs to be done to ensure mental wellbeing; at the beginning of the year, the Government pledged a billion pound investment as part of a ‘revolution in mental health treatment’.

29 Aug 2016

In the Spotlight with Harriet Smith, Borro

In the Spotlight with Harriet Smith, Borro

We spoke to Harriet Smith, Business Development Manager at Borro, about the impact of the referendum and the importance of technology post-MCD.

26 Aug 2016

Are mortgage brokers truly embracing second charge?

Are mortgage brokers truly embracing second charge?

As a result of the European Mortgage Credit Directive, second charge mortgages are starting to become better known and make their mark in the mainstream market, but are mortgage brokers truly embracing second charge mortgages?

26 Aug 2016

FCA bans mortgage director but revokes £80,000 fine

FCA bans mortgage director but revokes £80,000 fine

The FCA has banned a mortgage broker from performing regulated activities due to dishonest conduct, but he has escaped a £80,000 fine due to "serious financial hardship".

26 Aug 2016

The Source announces GI Masterclass dates

The Source announces GI Masterclass dates

Source Insurance is taking GI masterclasses back on the road in October and November.

26 Aug 2016

Accord to move into consumer BTL and first-time landlord market

Accord to move into consumer BTL and first-time landlord market

Accord Buy to Let has announced plans to expand into the consumer buy-to-let and first-time landlord markets in the coming months.

26 Aug 2016

Santander launches 2.79% ten-year fix

Santander launches 2.79% ten-year fix

Santander has launched a range of fixed rate, low LTV products along with a high LTV first time buyer exclusive - a 90% LTV two-year fix at 2.44%.

26 Aug 2016

Hinckley & Rugby launches joint borrower sole proprietor range

Hinckley & Rugby launches joint borrower sole proprietor range

Hinckley & Rugby Building Society is now offering joint borrower sole proprietor mortgages in its residential and buy-to-let ranges.

26 Aug 2016

National Counties BS latest lender to cut SVR

National Counties BS latest lender to cut SVR

National Counties Building Society has confirmed that it will cut its Standard Variable Rate with effect from 25th September 2016.

26 Aug 2016

Quarterly GDP growth confirmed at 0.6%

Quarterly GDP growth confirmed at 0.6%

UK gross domestic product increased by 0.6% between Q1 and Q2 2016, unrevised from the ONS' preliminary estimate published on 27 July.

26 Aug 2016

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