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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

Paragon launches 'Paragon Premier' range

Paragon launches 'Paragon Premier' range

Paragon is launching a new product range aimed at professional landlords with larger-scale portfolios, which will be available through an exclusive distribution network.

14 Oct 2015

Annual cost of homeownership hits £15,300

Annual cost of homeownership hits £15,300

Legal & General has today revealed that the annual cost of home ownership is set to hit £15,300 in 2015, before reaching £23,120 by 2030.

14 Oct 2015

Bower Retirement strengthens national advice network

Bower Retirement strengthens national advice network

Bower Retirement Services has strengthened its advice network with senior appointments in key growth areas across the country.

14 Oct 2015

 

Kevin Paterson: UK insurance continues to sit at the heart of our economy

Kevin Paterson: UK insurance continues to sit at the heart of our economy

Kevin Paterson's latest Expert Opinion covers the fall in GI complaints and rocky relationship between Zurich and RSA.

14 Oct 2015

Industry calls for 30 day pension transfer deadline

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Industry calls for 30 day pension transfer deadline

After compiling evidence of the best and worst transfer delays, Hargreaves Lansdown is calling on the Treasury to introduce a mandatory transfer deadline of 30 days for anyone looking to take advantage of the pension freedoms.

14 Oct 2015

21% of Brits rely on their home for their pension

21% of Brits rely on their home for their pension

From a financial point of view, the majority of people across Europe believe it is better to own a property than rent (79%) - an indication that consumers across Europe view property as an important asset.

14 Oct 2015

Bridging finance defies seasonal slowdown with 33% rise in Q3

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Bridging finance defies seasonal slowdown with 33% rise in Q3

Bridging finance experienced a 33% increase in lending activity during the third quarter, spurning the summer slowdown and the impact of wider global macro volatility, according to the latest data by Bridging Trends.

14 Oct 2015

Masthaven Finance to become a bank

Masthaven Finance to become a bank

Masthaven Finance has today unveiled plans to become a new UK retail bank.

14 Oct 2015

Intelliflo to launch digital advice portal for advisers

Intelliflo to launch digital advice portal for advisers

Intelliflo has revealed plans to provide advisers with a simplified advice service, enabling advisers to service a broad base of clients, regardless of the size of their assets.

14 Oct 2015

Average IHT bill tops £170,000

Average IHT bill tops £170,000

Estates liable for inheritance tax in the UK in 2012-2013 faced an average bill of more than £170,000 each - an increase of almost £5,000 or 3% according to analysis of HMRC data by Prudential.

14 Oct 2015

Over half of Brits are inadvertently aiding fraudsters

Over half of Brits are inadvertently aiding fraudsters

Over a third of people (35%) think they could be defrauded by being tricked into handing over personal information.

14 Oct 2015

Fleet Mortgages announces criteria changes

Fleet Mortgages announces criteria changes

Fleet Mortgages has announced a series of criteria changes which offer increased flexibility for brokers and their clients.

13 Oct 2015

Former JP Morgan banker to replace Jenkins as Barclays CEO

Former JP Morgan banker to replace Jenkins as Barclays CEO

Barclays is set to name former JP Morgan banker Jes Staley as its new Chief Executive after a three-month search, according to reports.

13 Oct 2015

Freedom Finance gains full FCA authorisation

Freedom Finance gains full FCA authorisation

Freedom Finance has received full authorisation by the FCA ahead of the introduction of the European Mortgage Credit Directive, which will affect the advising and selling standards for second charge mortgage brokers from 21 March 2016.

13 Oct 2015

SimplyBiz's subsidiary companies cause £5.5m loss

SimplyBiz's subsidiary companies cause £5.5m loss

SimplyBiz has reported a £5.5m pre-tax loss for 2014, despite increasing turnover from £17.6 million in 2013 to £26.8 million.

13 Oct 2015

Virgin Money launches new home insurance range

Virgin Money launches new home insurance range

Virgin Money has today launched a new range of home insurance policies, guaranteeing to provide its best possible price for renewal at the first time of asking.

13 Oct 2015

FCA agrees to annual board review after closed-book blunder

FCA agrees to annual board review after closed-book blunder

The FCA have responded to a Treasury Select Committee report which criticised the regulator's handling of market sensitive information by agreeing to all of the TSC's 22 recommendations, including a programme of annual reviews.

13 Oct 2015

Regional differences create house price plateau

Regional differences create house price plateau

UK average house prices increased by 5.2% over the year to August 2015, unchanged from 5.2% in the year to July 2015 according to the latest ONS house price index.

13 Oct 2015

Mortgage lending sees yearly uptick: CML

Mortgage lending sees yearly uptick: CML

First-time buyers, home movers, home-owner remortgage and buy-to-let all saw a monthly decline in lending in August but an uptick (significant for buy-to-let) compared to August 2014, according to the latest figures from the Council of Mortgage Lenders.

13 Oct 2015

Inflation turns negative as prices drop 0.1%

Inflation turns negative as prices drop 0.1%

The Consumer Prices Index fell by 0.1% in the year to September 2015, compared to no change in the year to August 2015, according to the latest ONS statistics.

13 Oct 2015

Mortgage accessibility issues continue for FTBs

Mortgage accessibility issues continue for FTBs

Just 12% of UK adults believe access to mortgages has improved in the past five years - a considerable drop of 17% from a year ago when Precise Mortgages carried out the same research.

13 Oct 2015

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