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FCA secures £7.5m penalty in High Court case

FCA secures £7.5m penalty in High Court case

The High Court today held that the Financial Conduct Authority is entitled to permanent injunctions and penalties totalling £7,570,000 against five defendants for committing market abuse.

12 Aug 2015

TISA appoints L&G's Boulding as Policy Strategy Director

TISA appoints L&G's Boulding as Policy Strategy Director

Previously Pensions Strategy Director at Legal & General, Adrian Boulding has now taken up his role as Policy Strategy Director at TISA.

12 Aug 2015

Target Group announces Board restructure

Target Group announces Board restructure

Target Group, the financial services outsourcing and software provider, has today announced a number of changes to its Board, including the promotion of Ian Larkin and Bill Alley to the role of Co-Group CEO and the appointment of Paddy Byrne to the role of Chairman.

12 Aug 2015

TSB increases rates on low LTV remortgages

TSB increases rates on low LTV remortgages

TSB has announced it is increasing rates by up to 0.15% across a limited range of lower loan to value remortgage products.

12 Aug 2015

Royal London appoints Steve Webb as Director of Policy

Royal London appoints Steve Webb as Director of Policy

Royal London have today confirmed the appointment of former Pensions Minister, Steve Webb, as Director of Policy and External Communications.

12 Aug 2015

Saffron launches 2-year fix for FTBs

Mortgages

Saffron launches 2-year fix for FTBs

Saffron For Intermediaries has launched a new 2-year fixed rate mortgage for first time buyers.

12 Aug 2015

Lauren Bagley joins The Right Mortgage Network

Lauren Bagley joins The Right Mortgage Network

Lauren Bagley has joined The Right Mortgage & Protection Network as head of marketing with plans to help grow the network, develop its proposition and raise its profile.

12 Aug 2015

Mansfield BS enhances online application process

Mansfield BS enhances online application process

Mansfield Building Society has enhanced its online application process by introducing a secure upload facility for brokers to send supporting documents with mortgage applications.

12 Aug 2015

New ISA allowance doubles average balance

New ISA allowance doubles average balance

In the 12 months since the launch of the new ISA allowance, balances of new cash ISAs have increased 44% on average, now standing at £10,299, compared to £7,143 in June 2014.

12 Aug 2015

Social media: there's nowhere to hide!

Social media: there's nowhere to hide!

I've never been one for celebrity gossip. Indeed, the 'celebrity' world in general is of little interest to me.

11 Aug 2015

 

Upper Tribunal upholds £450,000 FCA fine

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Upper Tribunal upholds £450,000 FCA fine

The Upper Tribunal has backed a decision by the FCA to fine and ban directors of Catalyst Investment Group Limited for demonstrating a "reckless disregard for the interests of investors".

11 Aug 2015

Prudential's drawdown sales treble in H1

Prudential's drawdown sales treble in H1

Since the introduction of the pension reforms, Prudential has seen its income drawdown sales more than treble to £39 million and individual pensions sales more than double to £62 million, offsetting the volume decline from lower individual annuity sales which were 56% lower at £28 million.

11 Aug 2015

Hinckley & Rugby applications up 22%

Hinckley & Rugby applications up 22%

Hinckley & Rugby Building Society saw a 22% rise in mortgage applications in H1.

11 Aug 2015

Bank Rate delay keeps mortgage rates low

Bank Rate delay keeps mortgage rates low

The Bank of England's quoted mortgage interest rates data shows that lenders are still offering low rates, as Bank Rate is now expected to remain at its record low until 2016.

11 Aug 2015

FTBs and remortgagors fuel June lending surge

FTBs and remortgagors fuel June lending surge

House purchase lending saw a 22% month-on-month increase in June, driven by both first-time buyers and home-movers.

11 Aug 2015

Atom partners with IRESS ahead of launch

Atom partners with IRESS ahead of launch

IRESS and Atom, the first fully digital bank, have announced a long term, strategic partnership.

11 Aug 2015

Just Retirement and Partnership announce merger

Just Retirement and Partnership announce merger

The Boards of Just Retirement and Partnership Assurance have announced that they have reached agreement on the terms of a merger to create JRP Group.

11 Aug 2015

PRA and FCA censure Co-op Bank for "serious failings"

PRA and FCA censure Co-op Bank for "serious failings"

The Co-operative Bank has escaped a £120 million fine for "serious risk management and transparency failings".

11 Aug 2015

New property listings fall 13% in July

New property listings fall 13% in July

The number of properties on the market fell dramatically in July, down 13.2% across the UK and almost 15% in London, according to HouseSimple.com.

11 Aug 2015

UK sees impact of FTB market collapse

UK sees impact of FTB market collapse

The South East and North West have been worst hit by the collapse of the first-time buyer market since the recession, regardless of the so-called 'North/South' divide.

11 Aug 2015

Legal & General launches Conveyancing Services

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Legal & General launches Conveyancing Services

Legal & General has today launched its new conveyancing service through myhomemove following a successful 6-month pilot.

10 Aug 2015

Sheffield launches broker service to tackle payday lenders

Sheffield launches broker service to tackle payday lenders

Sheffield has become the first city in the country to pioneer a new approach that provides an alternative to high-cost credit and door step loan companies.

10 Aug 2015

Nearly half of homebuyers have deposits under 20%

Nearly half of homebuyers have deposits under 20%

People with smaller deposits are succeeding in securing mortgages, with 27% of successful buyers completing deals despite having deposits of less than 10% of their house price.

10 Aug 2015

Paradigm launches Marsden BS' professional mortgage range

Paradigm launches Marsden BS' professional mortgage range

Marsden Building Society has released a portfolio of professional mortgages semi exclusively to Paradigm Mortgage Services.

10 Aug 2015

NAB sets aside further £500m for UK redress

NAB sets aside further £500m for UK redress

National Australia Bank has announced that it expects to pay between £290 million and £420 million relating to PPI misconduct in the UK.

10 Aug 2015

Home insurance premiums fall 6.6%

Home insurance premiums fall 6.6%

Between June 2014 and June 2015, the cheapest home insurance premiums fell by 6.6%, with just over a third of this fall (35%) occuring in the two months between April and June 2015 when the average of the lowest five premiums fell by 2.3%.

10 Aug 2015

Prudential appoints Group Chief Risk Officer

Prudential appoints Group Chief Risk Officer

Prudential have announced the appointment of Penny James as Group Chief Risk Officer and as an executive director on the Prudential Board from 1 September.

10 Aug 2015

Two in five to use property wealth in retirement

Two in five to use property wealth in retirement

More than two out of five (41%) of homeowners in the run-up to retirement are now banking on their property wealth as part of their planning, as pension freedoms drive a change in attitudes.

10 Aug 2015

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