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Advisers split over fee change predictions

Advisers split over fee change predictions

Advisers are divided on whether the cost of financial advice will rise or fall over the next five years, according to a new study conducted by Investec Wealth & Investment.

07 May 2015

National Australia Bank announces UK bank IPO

National Australia Bank announces UK bank IPO

National Australia Bank has announced plans to pursue an initial public offering of its UK banking business.

07 May 2015

April sees housing market boost despite election fears

April sees housing market boost despite election fears

April has seen strong housing market activity despite the looming General Election, according to the latest research from Connells Survey and Valuation.

07 May 2015

Twenty7Tec appoints former IRESS manager

Twenty7Tec appoints former IRESS manager

Twenty7Tec, provider of online mortgage and secured loan sourcing systems, has today announced the appointment of Derek Kilner, as the company’s new Product Manager for its MortgageSource platform.

06 May 2015

Al Rayan Bank announces £1.2m profit

Al Rayan Bank announces £1.2m profit

Al Rayan Bank, formerly known as Islamic Bank of Britain, has today announced its strongest financial performance to date, resulting in the bank more than doubling its operating income and posting its first profit since its inception in 2004.

06 May 2015

Nationwide lends over £1bn to Save to Buy customers

Nationwide lends over £1bn to Save to Buy customers

More than 8,000 homes have so far been purchased with Nationwide’s Save to Buy scheme, which marks its fourth anniversary today.

06 May 2015

FSE Manchester announces Shawbrook Bank Academy

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FSE Manchester announces Shawbrook Bank Academy

Financial Services Expo Manchester, the premier exhibition for the financial services industry in the North of England, has today announced the line-up for the Shawbrook Bank Academy which will host a number of seminars focused on the specialist lending market.

06 May 2015

The Election is a pivotal moment for our industry

The Election is a pivotal moment for our industry

As I write this we are but a day away from the General Election vote itself and, ideally, three days away from a result.

06 May 2015

L&G annuity sales drop 60%

L&G annuity sales drop 60%

Legal and General's individual annuity sales have dropped 60% in Q1 as a result of the pension freedoms.

06 May 2015

Prudential trebles income drawdown sales in Q1

Prudential trebles income drawdown sales in Q1

Prudential's income drawdown sales nearly trebled to £14 million in Q1, while individual pensions sales increased by 125% to £27 million, both driven by the expanding market for flexible retirement income and pension products following the reforms.

06 May 2015

 

First Complete completions up 22%

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First Complete completions up 22%

First Complete's mortgage completions for Q1 rose 22% on the same quarter last year, despite CML reports that mortgage completions across the market dropped by 3% in Q1.

06 May 2015

Access 4 Finance appoints Underwriting Manager

Access 4 Finance appoints Underwriting Manager

Second charge loan broker Access 4 Finance have today announced that former Brilliant Solutions Head of Secured Loans, Peter Wilkins, has joined the Rotherham-based firm in the newly-created position of Underwriting Manager.

06 May 2015

65% of advisers considering specialist income services

65% of advisers considering specialist income services

Nearly two thirds of advisers are considering adding specialist income modelling services to their existing business in response to the launch of new pension rules, according to research for MetLife.

06 May 2015

Secured lending at five-year high

Secured lending at five-year high

Secured lending grew by 13.7% in March, equating to £75.5m of second charge mortgages according to the latest Enterprise Finance Secured Loan Index.

06 May 2015

Financial Advice Network appoints MD

Financial Advice Network appoints MD

Financial Advice Network has appointed Mark Smitheringale as managing director to lead development and growth over the next five years.

05 May 2015

SMS expands team

SMS expands team

Solent Mortgage Services, the national specialist lending distributor, has expanded its customer service team to cope with increasing business volumes.

05 May 2015

SimplyBiz scraps floatation plans

SimplyBiz scraps floatation plans

Simplybiz has postponed plans to raise funds through the sale or floatation of a 60% stake in the business.

05 May 2015

Mortgages the ‘hardest financial product to switch’ post-MMR

Mortgages the ‘hardest financial product to switch’ post-MMR

Mortgages are now the hardest financial product to switch, according to a survey of customers who have shopped around for financial services in the last 12 months.

05 May 2015

HSBC profits up 4% in Q1

HSBC profits up 4% in Q1

HSBC has reported a 4% rise in Q1 pre tax profits, at $7,059m compared with $6,785m in the same period in 2014.

05 May 2015

Lloyds cuts FTB rates to five-year low

Mortgages

Lloyds cuts FTB rates to five-year low

Lloyds Bank has cut rates on its two year fixed rate mortgages for first time buyers, homemovers and those looking to remortgage, taking some first time buyer rates to their lowest levels in five years.

05 May 2015

Two-thirds back compulsory retirement advice

Two-thirds back compulsory retirement advice

Two-thirds (65%) of people aged 55 and over who are not yet retired believe that it should be compulsory to receive financial advice at retirement, according to research from MGM Advantage.

05 May 2015

West One Loans grows loan book to £200m

West One Loans grows loan book to £200m

West One Loans, the specialist provider of short term bridging finance for residential and commercial properties, has grown its loan book to £200m following a strong start to 2015.

05 May 2015

Skipton launches new ISA and bond range

Skipton launches new ISA and bond range

Skipton Building Society has launched a new range of Fixed Rate ISAs and Bonds with interest rates increasing on the majority of products.

05 May 2015

LMS partners with Monmouthshire BS

LMS partners with Monmouthshire BS

LMS has announced its latest partnership with Monmouthshire Building Society.

05 May 2015

LendInvest appoints Microsoft senior exec

LendInvest appoints Microsoft senior exec

LendInvest has announced that it has hired Bart Boezeman in the new role of Chief Marketing Officer.

05 May 2015

One in four don't know how to apply for a BTL mortgage

One in four don't know how to apply for a BTL mortgage

More than one in four (28%) of would-be landlords considering buy-to-let to boost their retirement income do not know how to apply for a mortgage to get started, new research conducted for specialist mortgage lender Kensington shows.

05 May 2015

Average equity release drawdown rises 9% in Q1

Average equity release drawdown rises 9% in Q1

Retired homeowners are increasingly using their property wealth to clear debts, including loans, credit cards and mortgages, according to research by Key Retirement.

02 May 2015

Stephen Johnson: When it comes to Central London, keep one eye on May

Stephen Johnson: When it comes to Central London, keep one eye on May

An area of concern bubbling to the surface these past nine months has been the drifting values of the prime and central London property market.

01 May 2015

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