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Government rejects Lifetime ISA investigation

Government rejects Lifetime ISA investigation

The government says it has no plans to research the impact of the Lifetime ISA on auto-enrolment, despite DWP calling for "urgent research on any effect of the LISA on pension saving through AE".

22 Jul 2016

FCA launches new commitments to firms applying for authorisation

FCA launches new commitments to firms applying for authorisation

The FCA says it is introducing new commitments to firms applying for authorisation.

22 Jul 2016

Brokers say delays biggest post-MCD challenge

Brokers say delays biggest post-MCD challenge

Delays to mortgage applications have caused brokers the most difficulty following the implementation of MCD, according to an MTF survey.

22 Jul 2016

Five GI firms face FCA action over AR mis-selling

Five GI firms face FCA action over AR mis-selling

The FCA has found "significant shortcomings" in the control and oversight of appointed representatives by their principal firms in the general insurance sector.

22 Jul 2016

UK economy sees "dramatic deterioration" in July

UK economy sees "dramatic deterioration" in July

The UK economy contracted at its steepest pace since 2009 in July, according to new data.

22 Jul 2016

HSBC expands distribution to four new brokers

HSBC expands distribution to four new brokers

HSBC is expanding the availability of its mortgages through four additional brokers - Sesame, Mortgage Advice Bureau, Stonebridge Group and Mortgage Intelligence.

22 Jul 2016

Referendum sparks rise in remortgage intermediary use

Referendum sparks rise in remortgage intermediary use

The percentage of remortgagors consulting a broker or adviser rose by 3% from 38% in May to 41% in June – the highest amount since December 2015, according to LMS.

22 Jul 2016

TSB broker service drives 21% lending rise

TSB broker service drives 21% lending rise

TSB saw a 21.2% increase in lending to £23.1 billion in H1, partly attributed to its mortgage broker service, which attracted over £3 billion of mortgage applications.

22 Jul 2016

City house price growth stalls post-Referendum

City house price growth stalls post-Referendum

Annual house price growth plateaued at 10.2% in June, the same level as May, but still ahead of 6.9% growth seen in June 2015.

22 Jul 2016

Nationwide's new upper age limit launches through intermediaries

Nationwide's new upper age limit launches through intermediaries

From today, Nationwide Building Society is launching its new maximum age for borrowing of 85, available for both existing mortgage customers and those remortgaging from other lenders.

21 Jul 2016

 

NatWest Intermediary appoints eight BDMs

NatWest Intermediary appoints eight BDMs

NatWest Intermediary Solutions has appointed eight new BDMs - six new phone-based and two field-based.

21 Jul 2016

Together expands executive team

Together expands executive team

Together has announced two further appointments to its leadership team, concluding a spate of recent hires following the decision to separate its retail and commercial activities.

21 Jul 2016

YBS launches lowest 75% LTV ten-year fix

YBS launches lowest 75% LTV ten-year fix

Yorkshire Building Society has launched a ten-year fixed rate mortgage which it says is the lowest rate available at 75% LTV.

21 Jul 2016

Brexit leaves drawdown clients 'particularly vulnerable'

Brexit leaves drawdown clients 'particularly vulnerable'

Brexit has left retirees using drawdown facing an increased risk that their income will not be sustainable, according to eValue.

21 Jul 2016

Paradigm adds Foundation Home Loans to panel

Paradigm adds Foundation Home Loans to panel

Paradigm Mortgage Services has added Foundation Home Loans to its lender panel.

21 Jul 2016

CML expects MPC to ease monetary policy next month

CML expects MPC to ease monetary policy next month

The CML predicts that the Bank of England's MPC will ease monetary policy at next month's meeting.

21 Jul 2016

CML: June mortgage lending hits eight-year high

CML: June mortgage lending hits eight-year high

Gross mortgage lending has defied Brexit uncertainty to hit £20.7 billion in June - a considerable 16% monthly rise and the highest June figure in eight years, according to CML data.

21 Jul 2016

HSBC execs charged over $3.5bn forex-rigging scheme

HSBC execs charged over $3.5bn forex-rigging scheme

Two heads of foreign exchange cash trading at HSBC bank have been charged with conspiring to defraud a client by rigging a $3.5bn foreign exchange trade.

21 Jul 2016

Tyrie: Brexit could overhaul challenger bank regulation

Tyrie: Brexit could overhaul challenger bank regulation

Andrew Tyrie, Chairman of the Treasury Committee, says that "the opportunity afforded by Brexit could enable the development of a regulatory regime less prejudicial to small and challenger banks".

21 Jul 2016

Dudley BS appoints former RBS underwriting manager

Dudley BS appoints former RBS underwriting manager

Dudley Building Society has appointed Paula Millard as Underwriting Manager.

21 Jul 2016

Price comparison sites under fire - gimmicks over due diligence?

Price comparison sites under fire - gimmicks over due diligence?

There’s nothing like an EU referendum that descends into chaos to cause some news stories to go unnoticed. Even before the country’s shock decision to exit the EU, the referendum was receiving so much coverage and discussion that other pieces, though published, attracted very little attention. The news that price comparison sites are under investigation was one of them.

20 Jul 2016

'Early retirement' to end by 2029

'Early retirement' to end by 2029

If the decline in "early retirees" continues at its current pace, there will be no people defined as 'retired' in the 16 to 64 age bracket by 2029, according to Aviva.

20 Jul 2016

Putting brokers at the heart of Insurtech

Putting brokers at the heart of Insurtech

Technology moves fast. Who would have thought a decade ago that we would be shunning our computers in favour of high-tech tablets and super fast smart phones?

20 Jul 2016

Second charge demand remains strong post-Referendum

Second charge demand remains strong post-Referendum

Fluent for Advisers has reported an upward trend in new business in the months since MCD and in the wake of Brexit.

20 Jul 2016

Complaints Commissioner criticises FCA's handling of 'awkward' cases

Complaints Commissioner criticises FCA's handling of 'awkward' cases

Complaints Commissioner Antony Townsend has said that although the FCA deals with the majority of complaints competently, he has "seen examples of an unwillingness to face up to and admit shortcomings, and delays in dealing with 'awkward' cases".

20 Jul 2016

Lack of suitable housing prevents 500,000 over-55s from moving

Lack of suitable housing prevents 500,000 over-55s from moving

Over the last two years, over half a million over-55s have abandoned plans to move because of a lack of suitable housing, according to research from HomeOwners Alliance.

20 Jul 2016

Freedom Finance appoints MD ahead of expansion

Freedom Finance appoints MD ahead of expansion

Freedom Finance has strengthened its senior team with the appointment of Jeff Poole has joined as Managing Director and Zoe Cuthbertson as Head of Marketing.

20 Jul 2016

BoE: no evidence of slowing activity post-Referendum

BoE: no evidence of slowing activity post-Referendum

Despite business uncertainty rising "markedly" following the EU Referendum, the Bank of England says that there is "no clear evidence of a sharp general slowing in activity".

20 Jul 2016

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