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70% still in the dark about FCA requirements

70% still in the dark about FCA requirements

A poll exploring the industry's attitudes towards FCA regulation found that over a third of people still don't feel their companies are well-prepared for new regulatory requirements.

19 Oct 2015

HSBC to remain in UK after regulatory reforms

HSBC to remain in UK after regulatory reforms

HSBC is considering keeping its headquarters in the UK after the government watered down a number of banking regulations.

19 Oct 2015

Advisers say accountant links key to 'opening new markets'

Advisers say accountant links key to 'opening new markets'

Financial adviser firms believe that working more closely with accountants will help open new markets including targeting major companies and individual directors, according to new research by Prudential.

19 Oct 2015

Partnership's Enhanced Retirement Account goes live

Partnership's Enhanced Retirement Account goes live

Partnership has announced that following a national intermediary education and engagement programme, it is now able to provide binding quotes for its Enhanced Retirement Account.

19 Oct 2015

First-time buyer prices surge 10% as demand intensifies

First-time buyer prices surge 10% as demand intensifies

October saw a new all-time high of £296,549 for the price of property coming to market, fuelled by high demand for first-time buyer properties, according to the latest Rightmove house price index.

19 Oct 2015

New home-buying scheme aims to give shared ownership alternative

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New home-buying scheme aims to give shared ownership alternative

A property investment company has this week launched an alternative to private renting for those who cannot afford to buy a home outright.

19 Oct 2015

Consumers call for greater competition from challenger banks

Consumers call for greater competition from challenger banks

The majority of the British public want to see an increase in challenger banks opposing the current dominance of the 'Big Five', according to Triodos Bank.

19 Oct 2015

MPs: pension freedoms could be "next mis-selling scandal"

MPs: pension freedoms could be "next mis-selling scandal"

The Work and Pensions Committee's first report into pension freedom guidance and advice urges the industry to offer more support to consumers taking up the new pension freedoms.

19 Oct 2015

F&TRC launches protection product ratings

F&TRC launches protection product ratings

F&TRC has announced the launch of new protection product ratings to help advisers and employers understand which providers are offering the most suitable and comprehensive products.

19 Oct 2015

Half of second steppers rely on financial assistance

Half of second steppers rely on financial assistance

Nearly a fifth (17%) of homeowners trying to take their second step on the housing ladder are considering turning to their friends or family to help fund the move, as trading up costs rapidly increase, according to the latest Lloyds Bank Second Steppers report.

17 Oct 2015

 

Abundance launches 'first dedicated P2P pension'

Abundance launches 'first dedicated P2P pension'

P2P investment platform Abundance says it is offering the UK's first ever peer-to-peer investment SIPP, 'the Abundance Pension', in a bid to address the current concerns stopping more people from saving adequately towards their retirement.

17 Oct 2015

Prime central London property sees drop in demand

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Prime central London property sees drop in demand

Demand for prime central London property is at its lowest point since the start of 2015, as the amount of stock on the market has increased by +21.3% since the start of the year and +9.9% since the election, whilst demand has fallen -8% since June, now at just 11.%.

16 Oct 2015

In the Spotlight with Alan Cleary, Precise Mortgages

In the Spotlight with Alan Cleary, Precise Mortgages

We spoke to Alan Cleary, Managing Director at Precise Mortgages, about Charter Savings Bank and the potential impact on secured lending volumes as a result of MCD.

16 Oct 2015

Newcastle BS launches 'All In One' fee-free mortgage

Newcastle BS launches 'All In One' fee-free mortgage

Newcastle Building Society has launched a mortgage product that covers all set-up fees including legal, valuation and product fees on both remortgages and house purchases.

16 Oct 2015

Shepherds Friendly launches new income protection plan

Shepherds Friendly launches new income protection plan

Shepherds Friendly has taken on-board feedback from consumers and advisers in developing their new income protection plan, which now includes an online application process with instant underwriting decisions.

16 Oct 2015

FCA bans senior trader from financial services industry

FCA bans senior trader from financial services industry

Following convictions on 20 November 2012 of two counts of fraud by abuse of position, the Financial Conduct Authority has banned Kweku Mawuli Adoboli from performing any function in relation to any regulated financial activity.

16 Oct 2015

'Joined up' buy to let market needed, urges property expert

'Joined up' buy to let market needed, urges property expert

Speaking at the Financial Reporter networking breakfast held in King's Cross yesterday, property expert Kate Faulkner spoke about improving the service for buy to let investors and how a 'joined up' industry was key to moving forward.

16 Oct 2015

Virgin improves resi and intermediary exclusive BTL rates

Virgin improves resi and intermediary exclusive BTL rates

Virgin Money has improved its residential and intermediary exclusive buy-to-let range by reducing selected fixed rates and introducing new fixed rate options at 70% LTV.

16 Oct 2015

Generation Y the most vulnerable to fraudsters

Generation Y the most vulnerable to fraudsters

Generation Y, whilst probably being the most technology-savvy, seem to be the most blasé about protecting themselves from financial and identity fraud, according to research commissioned by Equifax.

16 Oct 2015

Are the industry's trade bodies suffering a collective identity crisis?

Are the industry's trade bodies suffering a collective identity crisis?

Yesterday, the National Association of Pension Funds became the Pensions and Lifetime Savings Association.

16 Oct 2015

Government's Senior Managers regime extended to all FS firms

Government's Senior Managers regime extended to all FS firms

Today, HM Treasury announced that it plans to extend the Senior Managers, and Certification Regime to all financial services firms and to replace the 'presumption of responsibility' for senior managers with a 'duty of responsibility'.

15 Oct 2015

Government shelves defined ambition and small pot transfer reforms

Government shelves defined ambition and small pot transfer reforms

The government has confirmed today that it is shelving plans to implement the Defined Ambition and Collective Benefits scheme reforms and the Automatic Transfers system (known as Pot Follows Member).

15 Oct 2015

LGIM launches Multi-Index Income range

LGIM launches Multi-Index Income range

Legal & General Investment Management (LGIM) today announced the launch of a new cost-effective income generating, risk-targeted multi-asset range.

15 Oct 2015

L&G announces updates to its MCD info hub

L&G announces updates to its MCD info hub

Legal & General Mortgage Club’s Mortgage Credit Directive (MCD) Matrix, which explains the new regulation and details when lenders plan on adopting the MCD rules, has now been updated.

15 Oct 2015

Accord reduces high LTV fixes

Accord reduces high LTV fixes

Accord Mortgages has announced this morning that it has reduced the rates on its 90% and 95% loan-to-value (LTV) two-year fixed rate residential mortgages by 0.15%, with the added incentive of cashback on completion for house purchase.

15 Oct 2015

BoE announces further proposals for financial system strengthening

BoE announces further proposals for financial system strengthening

The Bank of England has announced today that it has published two new consultation papers: one on ring-fencing and one on operational continuity with the aim of ensuring ring-fenced banks are protected from shocks originating in other parts of their groups.

15 Oct 2015

Dragonfly announces team expansion

Dragonfly announces team expansion

Dragonfly Property Finance, part of the Octopus group, today announced three more additions to its rapidly expanding team: Emma Burke and Tim Phillips join as Development Relationship Managers, and Uliana Kuzmis as Credit Manager.

15 Oct 2015

Pink Pig Loans gets full FCA authorisation

Pink Pig Loans gets full FCA authorisation

As well as recently celebrating 10 successful years in business recently, Cardiff-based secured loan intermediary specialist Pink Pig Loans has been granted full authorisation by the Financial Conduct Authority.

15 Oct 2015

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