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L&G completes £230m bulk annuity deal

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L&G completes £230m bulk annuity deal

Legal & General has announced that it has completed the UK's largest medically underwritten bulk annuity deal with a UK defined benefit pension scheme.

23 Dec 2015

Mortgage Brain events see record broker attendance

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Mortgage Brain events see record broker attendance

The 2015 series of Mortgage Vision events, held during October and November, saw a 23 per cent uplift in broker attendance setting a new record in overall attendance in the event’s six year history.

23 Dec 2015

Remortgage equity withdrawn hits record level

Remortgage equity withdrawn hits record level

The average amount of equity withdrawn from remortgaging has hit a new record of £36,894 per customer in November, an increase of 4% from the previous high of £35,590 recorded in August this year, according to the latest research from LMS.

23 Dec 2015

Mortgage market continues to disappoint: Equifax

Mortgage market continues to disappoint: Equifax

Equifax Touchstone analysis of the intermediary marketplace shows mortgage sales continue to disappoint for the second consecutive month. Residential and buy-to-let mortgage sales have fallen by 8.4% last month from October, a value decrease of £1.3bn.

22 Dec 2015

Aviva insures £300m of pension liabilities

Aviva insures £300m of pension liabilities

Aviva has secured a buyout arrangement with the TKM Group Pension Scheme, sponsored by Inchcape plc, covering £300 million of pension liabilities.

22 Dec 2015

Leeds launches cashback range for its BTL borrowers

Leeds launches cashback range for its BTL borrowers

A new range of mortgages with cashback has been launched for existing buy-to-let borrowers with Leeds Building Society.

22 Dec 2015

HMRC: Resi transactions decline month-on-month

HMRC: Resi transactions decline month-on-month

The number of residential property transactions decreased by 5.7% between October and November, according to the latest Property Transaction Statistics from HMRC.

22 Dec 2015

AIG Life joins UnderwriteMe service

AIG Life joins UnderwriteMe service

AIG Life have confirmed that they will be joining the UnderwriteMe comparison service in 2016.

22 Dec 2015

TISA calls for cross-organisation guidance framework

TISA calls for cross-organisation guidance framework

TISA, the financial services membership association, has called for the creation of a guidance framework that supports low and middle income households in enhancing their short, medium and long-term financial wellbeing.

22 Dec 2015

Special adviser leaves ifs after ten years

Special adviser leaves ifs after ten years

Phil Hall, Special Adviser to the ifs for ten years has confirmed he has left the organisation.

22 Dec 2015

 

Y3S acquires two new offices in growth plans

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Y3S acquires two new offices in growth plans

Cardiff-based specialist mortgage and loan packager Y3S has agreed terms and received keys for an additional 5,000 square feet of office space.

22 Dec 2015

Step One receives full FCA authorisation

Step One receives full FCA authorisation

Step One Finance has received full authorisation from the Financial Conduct Authority for its lending and consumer credit activities.

21 Dec 2015

Leeds CEO announced as new CML Chairman

Leeds CEO announced as new CML Chairman

The Council of Mortgage Lenders has appointed Peter Hill, Chief Executive of Leeds Building Society, as CML Chairman for 2016.

21 Dec 2015

Aldermore reveals MCD approach

Aldermore reveals MCD approach

Aldermore has today published a new leaflet outlining its preparations ahead of the implementation of the European Mortgage Credit Directive on the 21st March 2016.

21 Dec 2015

Royal London: firms should review auto-enrolment provider

Royal London: firms should review auto-enrolment provider

Phil Loney, CEO of Royal London, has written to Pensions Minister Baroness Ros Altmann, calling on her to introduce a new duty on employers to undertake a periodic review of their workplace pension provider.

21 Dec 2015

Brokers in the balance

Brokers in the balance

In what remains a male-dominated industry, we thought we could see more women at our Awards Ceremony than in previous years, and wondered whether perhaps this was representative of the industry as a whole. So we went to our database and ran a quick count on female members.

21 Dec 2015

CML urges FCA to consider targeted deregulation

CML urges FCA to consider targeted deregulation

Responding to the FCA's call for inputs on competition in the mortgage market, the Council of Mortgage Lenders has urged the regulator to consider whether the many recent layers of newly imposed regulation might in some ways be hindering competition, and whether some targeted deregulatory adjustments might potentially help the competitive landscape.

21 Dec 2015

Annual bridging lending reaches £3.2bn

Annual bridging lending reaches £3.2bn

The volume of annual gross bridging lending comfortably outflanks the amount of housing budget allocated by the Chancellor in the Autumn Statement, according to the latest West One Loans Bridging Index.

21 Dec 2015

Norton sees registration rise following Tenet partnership

Norton sees registration rise following Tenet partnership

In June 2015, the Norton Group renewed its contract with financial adviser network Tenet Group and joined their panel of approved master brokers.

21 Dec 2015

London fringes forecasted to see strongest growth in 2016

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London fringes forecasted to see strongest growth in 2016

Tooting and Queen's Park are the places to watch in 2016, according to Marsh & Parsons, as property price growth in outer prime areas of the capital are forecasted to eclipse the centre.

21 Dec 2015

86% of IFAs call for clearer advice definitions

86% of IFAs call for clearer advice definitions

Aegon has welcomed the collaboration between HMT and FCA in the Financial Advice Market Review saying it is a "timely opportunity to explore how best to align the regulation of various advice models with broader Government policy".

21 Dec 2015

House price growth hits double figures in H2

House price growth hits double figures in H2

City level house price inflation has accelerated in the second half of 2015 to 10.1% due to scarcity and rising demand, according to the latest Hometrack house price index.

21 Dec 2015

Savers doubtful of 2016 rate rise

Savers doubtful of 2016 rate rise

More than two fifths (41%) of Britons believe the Bank of England's base rate is likely to remain at 0.5% by the end of 2016, whereas one-third (33%) are more positive and expect to see the rate increase.

21 Dec 2015

TFC partners with National Counties BS

TFC partners with National Counties BS

TFC Homeloans has partnered with National Counties Building Society, adding the mutual to its residential and buy-to-let panels of mortgage lenders.

21 Dec 2015

BTL tax reliefs to exceed £15bn despite government cuts

BTL tax reliefs to exceed £15bn despite government cuts

UK landlords are set to claim £15 billion in property expenses, even after incoming Government changes to tax relief are introduced, according to research by Ludlow Thompson estate agents.

19 Dec 2015

In the Spotlight with Nick Jones, Together

In the Spotlight with Nick Jones, Together

We spoke to Nick Jones, National Sales Manager at Together, about the firm's recent rebrand and their goals for 2016.

18 Dec 2015

12 Days of Christmas: 2015 wrapped up

12 Days of Christmas: 2015 wrapped up

It's our favourite time of year at Financial Reporter. The mulled wine comes out and we start looking at things through tinsel-tinted glasses - including the financial services industry.

18 Dec 2015

F&TRC announces 2015 protection ratings

F&TRC announces 2015 protection ratings

Finance & Technology Research Centre has announced its Business Protection and Relevant Life ratings for 2015, aimed at helping advisers understand which providers are offering the most suitable Business Protection or Relevant Life products for their clients.

18 Dec 2015

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