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Millions mistakenly stuck in 'mortgage insurance trap'

Millions mistakenly stuck in 'mortgage insurance trap'

30% of homeowners who arranged their home insurance through their mortgage lender - equal to almost half a million homeowners - believe that they had to arrange their home insurance through their mortgage lender as a condition of their mortgage deal.

31 May 2016

AXA Life Invest expands distribution team

AXA Life Invest expands distribution team

AXA Life Invest has appointed a new Regional Sales Manager and six Senior Retirement Specialists, who will be advisers' first point of contact for AXA's range of drawdown plans.

31 May 2016

Brokers remain cautious over 'detrimental' economic volatility

Brokers remain cautious over 'detrimental' economic volatility

Over a third (34%) of brokers say that volatility in the financial markets could be detrimental to their business this year.

31 May 2016

TFC launches specialist lending sourcing tool

TFC launches specialist lending sourcing tool

TFC Homeloans has launched QuickSearch - a new sourcing tool for specialist lending.

31 May 2016

DWP to launch "major inquiry" into DB pensions

DWP to launch "major inquiry" into DB pensions

The Work and Pensions Committee is launching an investigation into the UK's final salary pensions sector.

31 May 2016

DeVere calls for LTA abolition as two thirds face charges

DeVere calls for LTA abolition as two thirds face charges

An "alarming number of people" could face tax charges for breaching the lifetime allowance on pensions, which was cut from £1.25m to £1m in April.

31 May 2016

Former Aldermore Senior Underwriter joins Affirmative

Former Aldermore Senior Underwriter joins Affirmative

Affirmative has expanded its lending team with the appointment of Chi Ho, who will focus on large development, residential and commercial deals.

31 May 2016

Joint FTB applications continue to rise

Joint FTB applications continue to rise

Nearly two out of three first-time buyers are now applying as a couple, with just 18% of those saying they could afford to buy on their own.

31 May 2016

TMA launches GI proposition

TMA launches GI proposition

TMA has launched a new general insurance proposition alongside an online system that enables advisers to quote and apply for residential household insurance from a panel of providers including Halifax, First2Protect, L&G and Paymentshield.

31 May 2016

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

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