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Scottish Friendly sees 147% rise in FUM

Scottish Friendly sees 147% rise in FUM

Scottish Friendly has announced that its funds under management have more than doubled, from £1,078m in 2014 to £2,660m in 2015 - a 147% rise.

27 Apr 2016

Barclays profits drop 25% in Q1

Barclays profits drop 25% in Q1

Barclays has reported a 25% drop pre-tax profit to £793m in Q1, down from £1.1bn in Q1 2015.

27 Apr 2016

Mint Bridging launches new lending firm

Mint Bridging launches new lending firm

Mint Bridging has entered into a joint venture with West One Loans founder Mark Abrahams to launch MB Syndicates Limited.

27 Apr 2016

FTBs and housing associations to "bear brunt" of Basel reforms

FTBs and housing associations to "bear brunt" of Basel reforms

Housing associations and homebuyers with small deposits are among those likely to bear the brunt of new proposals from the Basel Committee to revise its standardised approach for credit risk, IMLA has warned.

27 Apr 2016

Higher earners feel most positive about Lifetime ISA

Higher earners feel most positive about Lifetime ISA

Skipton Building Society has found that middle and high earners are most likely to feel that reforms to the pension system have made it easier to save for retirement.

27 Apr 2016

House prices in majority of UK remain below pre-crisis levels

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House prices in majority of UK remain below pre-crisis levels

Hundreds of thousands of UK homeowners who bought property in 2007 are likely to be stuck in negative equity, despite today's property market showing double-digit house price growth.

26 Apr 2016

FSCS increases levy for life and pensions sector

FSCS increases levy for life and pensions sector

The Financial Services Compensation Scheme has lowered its levy to £337m for 2016/17 - £26m less than its original forecast in January.

26 Apr 2016

Brokers prompt Marsden to revamp older borrower range

Brokers prompt Marsden to revamp older borrower range

Marsden's Intermediary team has made further changes to its older borrower range after feedback from mortgage intermediaries.

26 Apr 2016

Pensioner property wealth soars to £378bn in Q1

Pensioner property wealth soars to £378bn in Q1

The potential wealth available to over-55s in England, Scotland and Wales through equity release has risen to £378bn in Q1 2016 - a 4.6% quarterly increase.

26 Apr 2016

BBA: mortgage lending hits eight-year high

BBA: mortgage lending hits eight-year high

Gross mortgage borrowing totalled £17.1 billion in March - 64% higher than a year ago and the highest borrowing since April 2008, according to the BBA.

26 Apr 2016

 

SIPP provider sees 30% surge in client numbers

SIPP provider sees 30% surge in client numbers

Liberty SIPP has grown the value of its assets under management by 87% and has seen a 30% increase in client numbers year-on-year.

26 Apr 2016

Robo demand sees just 28% choose face-to-face advice

Robo demand sees just 28% choose face-to-face advice

Just 28% of adults prefer the concept of face-to-face advice, and only 8% are prepared to pay more than £100 an hour for this service, according to new research.

26 Apr 2016

Equity withdrawn by remortgaging up 19% to £965.6m

Equity withdrawn by remortgaging up 19% to £965.6m

The total amount of equity withdrawn by remortgaging rose by 19% month-on-month from £814.7m in February to £965.6m in March, according to LMS.

26 Apr 2016

Just 38% of bridging lenders positive about UK economy

Just 38% of bridging lenders positive about UK economy

Only 38% of bridging lenders feel more positive about the long term prospects of the UK economy following the budget in March, while 19% of ASTL members and 20% of associate members feel less positive.

26 Apr 2016

Together expands senior team in growth initiative

Together expands senior team in growth initiative

Together has announced two senior appointments to its leadership team as it prepares for further growth.

26 Apr 2016

Volatile markets wipe up to two years off pension pots

Volatile markets wipe up to two years off pension pots

Volatile markets could have wiped up to two years of retirement income off the savings pots of those entering drawdown in April 2015, according to Aegon.

25 Apr 2016

Skipton's retention pilot to pay proc fees

Skipton's retention pilot to pay proc fees

Skipton Intermediaries is launching a six month mortgage retention pilot with two of its key distributors, Connells and London & Country, and will be paying a procuration fee.

25 Apr 2016

Metro Bank launches intergenerational mortgage range

Metro Bank launches intergenerational mortgage range

Metro Bank has announced the launch of an intergenerational mortgage range for clients of St. James's Place Wealth Management.

25 Apr 2016

Former Nationwide mortgage consultant joins Teachers

Former Nationwide mortgage consultant joins Teachers

Martyn Balsom has been appointed as a new Mortgage Underwriter at Teachers Building Society. He joins Teachers from Nationwide where he was a Senior Personal Mortgage Consultant.

25 Apr 2016

Will the Lifetime ISA double workplace savings?

Will the Lifetime ISA double workplace savings?

Including the Lifetime ISA in the national workplace pension scheme could more than double employees' savings, according to True Potential Investor.

25 Apr 2016

Halifax Intermediaries launches FTB cashback offer

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Halifax Intermediaries launches FTB cashback offer

Halifax Intermediaries has launched a 1% cashback offer of up to £2,000 for first time buyers across its product range, including New Build, the Affordable Housing range and both Government Help to Buy schemes.

25 Apr 2016

Age Partnership grows equity release market share

Age Partnership grows equity release market share

Age Partnership has reported that it advised on more than 28% of all equity release sales in Q1 2016, up from 24% in Q1 2015.

25 Apr 2016

Santander cuts fixed rates by up to 0.35%

Santander cuts fixed rates by up to 0.35%

Santander has cut two and five year fixed rates by up to 0.35% and launched new 80% and 90% fixed rates.

25 Apr 2016

SimplyBiz director urges advisers to 'know your regulator'

SimplyBiz director urges advisers to 'know your regulator'

SimplyBiz director David Golder, speaking at the Financial Reporter Specialist Lending Roadshow last week, said that it was important for advisers to be aware of how the industry's regulator works, and how best to work within its rules.

25 Apr 2016

Homeloan Partnership adds Clever Lending to panel

Homeloan Partnership adds Clever Lending to panel

Clever Lending has joined the Homeloan Partnership network as a provider of second charge mortgages as well as commercial and bridging finance.

25 Apr 2016

Can the collapse in self-employed pension membership be tackled?

Can the collapse in self-employed pension membership be tackled?

Pension scheme membership among employees has risen by more than five million in the last four years following the policy of automatic enrolment into workplace pensions.

23 Apr 2016

In the Spotlight with Stephen Smith, L&G Housing Partnerships

In the Spotlight with Stephen Smith, L&G Housing Partnerships

We spoke to Stephen Smith, Director of Legal & General Housing Partnerships, about the reinvigoration of the Right to Buy scheme and the growing popularity of intermediary mortgage lending.

22 Apr 2016

Showing their cards: FCA Feedback Statement on GI value measures

Showing their cards: FCA Feedback Statement on GI value measures

In FS16/1: Feedback Statement on DP15/4, the FCA summarises the response it has received to the options set out in the June 2015 Discussion Paper on general insurance add-ons, and outlines the next steps.

22 Apr 2016

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