Latest News

In the Spotlight with Bob Hunt, Paradigm Mortgage Services

In the Spotlight with Bob Hunt, Paradigm Mortgage Services

We spoke to Bob Hunt, Chief Executive of Paradigm Mortgage Services, about the consequences of MMR and the relationship between lenders and advisers.

22 May 2015

Pension clients 'want advisers to protect them from themselves'

Pension clients 'want advisers to protect them from themselves'

Financial advisers are regarded as having a key role to play in stopping people making costly errors when it comes to decisions about their pensions, according to a new survey by Intelliflo.

22 May 2015

Nationwide CEO to step down after 9 years

Nationwide CEO to step down after 9 years

Nationwide Building Society has today announced that it is intended that its Chief Executive, Graham Beale, will retire at or around the date of the AGM in July 2016.

22 May 2015

YBS launches 'lowest-ever fixed rate mortgage'

YBS launches 'lowest-ever fixed rate mortgage'

Yorkshire Building Society has today launched the UK’s lowest-ever fixed rate mortgage with a 1.07% initial rate.

22 May 2015

FCA review shows 'poor' insurance claims service

FCA review shows 'poor' insurance claims service

A Financial Conduct Authority review of insurance claims handling for small and medium-sized enterprises has found the claims service is not consistently working in the interests of many businesses, resulting in a poor claims experience.

22 May 2015

TFC Homeloans to run specialist lending workshops

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TFC Homeloans to run specialist lending workshops

Specialist mortgage distributor TFC Homeloans has announced two free specialist lending workshops aimed at advisers who want to learn more about helping their clients and increasing their revenues.

22 May 2015

First Complete network exceeds 1,000 ARs

First Complete network exceeds 1,000 ARs

The number of appointed representatives now in First Complete network has exceeded 1,000. First Complete now ranks amongst the largest networks in the country with a pipeline of an additional 150 advisers wanting to join.

22 May 2015

More than one in seven will retire with no pension

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More than one in seven will retire with no pension

More than one in seven (15%) of those planning to retire this year have no pension savings, and will either be totally or heavily dependent on the State Pension as their only source of regular retirement income, according to research by Prudential.

22 May 2015

The importance of developing a strong introducer network

The importance of developing a strong introducer network

Constantly liaising and communicating with equity release advisers gives you a real feel for what their main concerns are, and perhaps quite unsurprisingly, lead generation tends to remain the number one priority – regardless of business levels.

21 May 2015

FCA issues warning over debt management firms

FCA issues warning over debt management firms

The Financial Conduct Authority is warning customers of three debt management firms to check their debt situation with their creditors and find out exactly what they owe.

21 May 2015

 

Industry report aims to help borrowers in difficulty

Industry report aims to help borrowers in difficulty

CML have announced that it has been working with a company to compile a report highlighting lessons to be learned from dealing with mortgage arrears in Northern Ireland.

21 May 2015

Prestige Finance launches new second charge BTL range

Prestige Finance launches new second charge BTL range

Prestige Finance, the second charge loan specialist and part of OneSavings Bank plc, has launched new range of Buy-to-let products for second charge lending.

21 May 2015

Teachers BS widens HTB availability

Teachers BS widens HTB availability

Teachers Building Society has widened the availability of its Help to Buy mortgage - making it available for remortgage as well as home purchase.

21 May 2015

BSA elects new Deputy Chairman

BSA elects new Deputy Chairman

Dick Jenkins, Chief Executive of Bath Building Society, has been elected Deputy Chairman of the Building Societies Association.

21 May 2015

UK housing supply a "national disgrace"

In The Spotlight

UK housing supply a "national disgrace"

In a panel debate at yesterday’s Financial Services Expo Manchester, the lack of new housing coming to market was described as “a national disgrace” and deep concerns were voiced about the ability of the Government and housebuilders to meet the required targets for new housing over the next five years.

21 May 2015

FCA outlines MCD responsibilities for advisers

FCA outlines MCD responsibilities for advisers

The Financial Conduct Authority has outlined the wide range of potential issues and responsibilities mortgage advisers will need to prepare for in order to comply with the European Mortgage Credit Directive which will be introduced from the 21st March 2016.

21 May 2015

Are DAs getting the support they need?

Are DAs getting the support they need?

It’s the age old dilemma in the mortgage industry – become directly authorised or take the appointed representative route and join a network. Both, clearly, have their benefits.

21 May 2015

CML predicts mortgage "lending recovery"

CML predicts mortgage "lending recovery"

The Council of Mortgage Lenders' April estimate for total gross lending is £16 billion, 1% down on the previous month and 4% lower than the £16.7 billion of lending last April.

21 May 2015

Saffron launches transitional mortgage

Saffron launches transitional mortgage

Saffron For Intermediaries is offering mortgage prisoners the chance to remortgage under the terms of the FCA transitional rules, before the new European Mortgage Credit Directive brings an end to this opportunity in March 2016.

21 May 2015

Openwork to relinquish APFA membership

Openwork to relinquish APFA membership

Openwork has announced that it is relinquishing its membership of the Association of Professional Financial Advisers.

21 May 2015

Utilising technology to secure expertise

Utilising technology to secure expertise

In a perfect world we would all like to be experts in everything related to our business but, quite frankly, this is not achievable; in fact in the great scheme of thing it’s probably not desirable either.

21 May 2015

FCA fines Barclays record £284m

FCA fines Barclays record £284m

The Financial Conduct Authority has imposed a financial penalty of £284,432,000 on Barclays Bank for failing to control business practices in its foreign exchange business in London.

20 May 2015

Industry celebrates at #FRAwards Winners' Party

Industry celebrates at #FRAwards Winners' Party

Last night, over 200 industry professionals attended the spectacular Museum of Science and Industry in Manchester for the annual Financial Reporter Winners' Party.

20 May 2015

Advisers concerned over MCD commission disclosure

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Advisers concerned over MCD commission disclosure

Advisers at today’s Financial Services Expo Manchester expressed consternation at future requirements under the European Mortgage Credit Directive which will mean they may have to provide clients with details of all potential commission levels they could have received on all accessible and relevant products, not just the commission payable on the product applied for.

20 May 2015

Sinclair: mortgage market should expect more regulation

Sinclair: mortgage market should expect more regulation

The mortgage market should brace itself for more regulation over the coming years, particularly given the propensity for the Financial Conduct Authority employees to want to “make a name for themselves”.

20 May 2015

Advisers need to tell 'positive protection stories' on social media

Advisers need to tell 'positive protection stories' on social media

Advisers need to use all the technology and social media tools at their disposal in order to tell ‘positive protection stories’ which will help counter the traditional consumer objections to taking our protection products, said a leading light in the protection market.

20 May 2015

Aldermore announces savings product rate rises

Aldermore announces savings product rate rises

Aldermore is increasing the rates on two of its Fixed Rate Accounts.

20 May 2015

BoE discusses Bank Rate rise to 0.75%

BoE discusses Bank Rate rise to 0.75%

In the minutes of the latest Monetary Policy Committee meeting, the committee said that "based on information from OIS rates, an increase in Bank Rate to 0.75% was now fully priced in by May 2016, around one quarter earlier than at the time of the April MPC meeting".

20 May 2015

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