Latest News

Royal London launches Diabetes Life Cover

Royal London launches Diabetes Life Cover

Royal London has announced the launch of a new life cover designed specifically for diabetics, which it says a first in the UK protection market.

26 Apr 2017

£6.45bn released in second year of pension freedoms

£6.45bn released in second year of pension freedoms

A total of 393,000 retirees accessed £6,450m from their pension pots between Q2 2016 and Q1 2017, according to new HMRC data.

26 Apr 2017

FCA releases new mortgage complaints data under revamped rules

FCA releases new mortgage complaints data under revamped rules

The FCA has published updated complaints figures for H2 2016 to account for new rules coming into force which allow firms longer to resolve complaints less formally.

26 Apr 2017

Accord cuts buy-to-let remortgage rates

Accord cuts buy-to-let remortgage rates

Accord Buy to Let has made 0.20% reductions on selected buy-to-let remortgage products.

26 Apr 2017

Santander warns of "more challenging" environment as mortgage lending dips

Santander warns of "more challenging" environment as mortgage lending dips

Santander saw a 1% dip in pre-tax profits to £525m in Q1 as mortgage lending fell and provisions for liabilities and charges increased.

26 Apr 2017

The evolution of drawdown

The evolution of drawdown

In 1993 HMRC (then known as the Inland Revenue) relaxed their practice and allowed pension drawdown to be used as an alternative to buying an annuity to convert pension savings into retirement income. Due to poor annuity rates, (what we would give for annuity rates to return to those levels today) it was introduced to allow for the deferral of purchase of annuities. An annuity still had to be purchased by age 75.

26 Apr 2017

LV= appoints Lloyds' Andy Parsons as Finance Director

LV= appoints Lloyds' Andy Parsons as Finance Director

LV= has announced the appointment of Andy Parsons as Group Finance Director, subject to regulatory approval.

26 Apr 2017

One in five retirees more likely to seek advice post-Brexit

One in five retirees more likely to seek advice post-Brexit

19% of this year’s retirees are more likely to seek financial advice due to uncertainty caused by the decision to leave the EU, according to research from Prudential.

26 Apr 2017

Are tax breaks key to tacking the intergenerational wealth divide?

Are tax breaks key to tacking the intergenerational wealth divide?

Parents are keen to fund early inheritance gifts to help their children financially, according to Key Retirement research, which found strong support for tax breaks on a 'living inheritance'.

26 Apr 2017

Mint Bridging ups development lending as Funding Circle exits market

Mint Bridging ups development lending as Funding Circle exits market

Mint Bridging has reported an "influx" of development finance business after Funding Circle announced plans to stop lending in this area earlier in the month.

25 Apr 2017

 

Treasury Select Committee chair Andrew Tyrie to leave Parliament

Treasury Select Committee chair Andrew Tyrie to leave Parliament

Treasury Select Committee chairman Andrew Tyrie has announced he is standing down from Parliament after 20 years as an MP.

25 Apr 2017

Government delays launch of Pension Advice Allowance and MPAA cuts

Government delays launch of Pension Advice Allowance and MPAA cuts

The government has amended planned cuts to the Money Purchase Annual Allowance as well as the introduction of the new Pension Advice Allowance, a House of Commons paper shows.

25 Apr 2017

NatWest expands sales team with three new appointments

NatWest expands sales team with three new appointments

NatWest Intermediary Solutions has appointed Scott Kennedy to the newly created sales development role within the sales management team, alongside hiring two new BDMs.

25 Apr 2017

FCA appoints six new members to Regulatory Decisions Committee

FCA appoints six new members to Regulatory Decisions Committee

The Board of the FCA has appointed an additional six members to its Regulatory Decisions Committee.

25 Apr 2017

Mike Thompson joins L&G as lifetime mortgage director

Mike Thompson joins L&G as lifetime mortgage director

Legal & General has appointed Mike Thompson to the role of Operations Director of its lifetime mortgages division.

25 Apr 2017

10% deposit still too small for one in five FTBs

10% deposit still too small for one in five FTBs

Nearly one in five first-time buyers have missed out on potential home deals despite having a deposit of more than 10%, according to research from Nottingham Building Society.

25 Apr 2017

Regulated bridging overtakes unregulated lending for first time

Regulated bridging overtakes unregulated lending for first time

Regulated bridging loans have outperformed unregulated bridging loans for the first time since Bridging Trends data was first gathered in April 2015.

25 Apr 2017

Paragon Mortgages to pay 0.25% proc fee

Paragon Mortgages to pay 0.25% proc fee

Paragon Mortgages has introduced a procuration fee for brokers on its full range of switch products.

25 Apr 2017

Magellan cuts Complex Prime rates by up to 1.01%

Magellan cuts Complex Prime rates by up to 1.01%

Magellan Homeloans has cut two-year fixed rates across its range of Complex Prime mortgage products.

25 Apr 2017

Santander launches new residential and BTL remortgage rates

Santander launches new residential and BTL remortgage rates

From Wednesday, Santander is launching a new range of buy-to-let remortgage products which it says are the lowest currently available on the market, alongside new residential fixed-rate products.

24 Apr 2017

Paradigm's Morrow launches online advice firm

Paradigm's Morrow launches online advice firm

A new online financial advice service launches today offering regulated advice to savers and investors regardless of age, wealth or stock market experience.

24 Apr 2017

TMA extends partnership with Mortgage Brain

TMA extends partnership with Mortgage Brain

TMA Mortgage Club has extended its partnership with Mortgage Brain to continue offering MortgageBrain Classic, MortgageBrain Anywhere, the Key and the Mortgage Trading Exchange to its DA Club members.

24 Apr 2017

will.i.am joins Atom Bank as strategic advisor

will.i.am joins Atom Bank as strategic advisor

Atom Bank has today confirmed that will.i.am has joined the firm as its first Strategic Board Advisor.

24 Apr 2017

Mortgage Trust launches lowest ever rates

Mortgage Trust launches lowest ever rates

Mortgage Trust has launched three new limited edition buy-to-let products at its lowest ever rates.

24 Apr 2017

Gap between high and low LTV bands widens by 0.31%

Gap between high and low LTV bands widens by 0.31%

Despite average mortgage rates falling across the market, the gap between the 60% LTV and 95% LTV bands has expanded by 0.31% in just six months, according to Moneyfacts data.

24 Apr 2017

FCA introduces new mortgage arrears guidance for lenders

FCA introduces new mortgage arrears guidance for lenders

The FCA has introduced new rules for mortgage customers with payment shortfalls after an investigation found that approximately 750,000 had been affected by the way firms calculate their monthly mortgage payments.

24 Apr 2017

Clever Lending appoints new sales manager

Clever Lending appoints new sales manager

Clever Lending has appointed Scott Leach as Sales Manager, covering the Midlands region and into South Wales.

24 Apr 2017

Stephen Jones appointed CEO of new trade body

Stephen Jones appointed CEO of new trade body

Stephen Jones has been confirmed as the first CEO of UK Finance, the new financial services trade association due to launch this summer.

24 Apr 2017

Our Next Event

Commercial Finance Roadshow May 2017

Commercial Finance Roadshow May 2017

Exeter - 23/05/2017

Southampton - 24/05/2017

Rainham - 25/05/2017

Milton Keynes - 26/05/2017

Register now

Latest Money Careers

Popular this week