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FCA consultation questions FSCS costs

FCA consultation questions FSCS costs

In January, the PRA and FCA jointly consulted on a proposed management expenses levy limit of £74.4 million to cover FSCS management expenses of £69.1 million.

31 Mar 2015

Santander relaunches 10 year fix

Santander relaunches 10 year fix

Santander has re-introduced a 10 year fixed rate product into its range - a 70% LTV at 3.24% with a £995 booking fee, purchase and remortgage.

31 Mar 2015

Royal London profits up 12%

Royal London profits up 12%

Royal London, the mutual life, pensions and investment group, saw new life and pensions business of £4,826m in 2014, a 39% increase on the previous year.

31 Mar 2015

FCA: banking complaints up 8%

FCA: banking complaints up 8%

The latest complaints data published by the Financial Conduct Authority shows financial services firms received 2,183,540 new complaints (including those related to PPI) between July and December 2014.

31 Mar 2015

Stamp duty changes save homebuyers £1 billion

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Stamp duty changes save homebuyers £1 billion

More than two thirds (69%) of homebuyers across the UK are likely to benefit from the new Stamp Duty regime, with 29% seeing no change and just 2% likely to pay more, according to data produced by Nationwide.

31 Mar 2015

FCA agrees to disclose internal audit reports

FCA agrees to disclose internal audit reports

The Financial Conduct Authority has agreed to provide the Treasury Committee with copies of internal audit reports given to the FCA’s Audit Committee, after more than a year of persistent pressure from the Committee.

31 Mar 2015

BoE stress test to assess global risks

BoE stress test to assess global risks

The Bank of England's 2015 stress test will assess the resilience of the UK banking system to a deterioration in global economic conditions for the first time.

30 Mar 2015

Equity Release Supermarket launches specialist referral service

Equity Release Supermarket launches specialist referral service

Equity Release Supermarket has launched Equity Release Partners - a business-to-business equity release referral service allowing brokers to introduce clients to an equity release specialist.

30 Mar 2015

Relationships matter - lay the foundations for repeat business

Relationships matter - lay the foundations for repeat business

It’s a phrase that is bandied about a lot – ‘relationships matter’.

30 Mar 2015

Just 1 in 8 to cash-in on new pension freedoms

Just 1 in 8 to cash-in on new pension freedoms

With just a week to go until the arrival of new pension freedoms, research from retirement specialists MGM Advantage found that just 1 in 8 (13%) of those aged over 55 are intending to make use of the new freedoms by withdrawing cash from their pension pots above the 25% tax-free allowance.

30 Mar 2015

 

Norton sees best quarter since 2008

Norton sees best quarter since 2008

Norton Broker Services has reported a record-breaking first quarter, attributing its success to new exclusive secured & unsecured products, rates starting from 4.6%, and high value unsecured loans for customers without equity.

30 Mar 2015

NAEA: sales to FTBs at record high

NAEA: sales to FTBs at record high

30% of house sales in February were made to first-time buyers, the highest amount since September 2014 and joint highest since records began in 2009, according to NAEA's February Housing Market Report.

30 Mar 2015

SimplyBiz adds Fleet to lender panel

SimplyBiz adds Fleet to lender panel

SimplyBiz Mortgages has announced the addition of Fleet Mortgages to its panel of lenders, giving all SimplyBiz Mortgages members direct access to the full range of Fleet BTL products.

30 Mar 2015

Remortgagors capitalise on competitive rates

Remortgagors capitalise on competitive rates

Almost two in three (65%) of those who remortgaged their properties in February did so in order to access lower mortgage rates, according to research from LMS, highlighting that shrewd borrowers are keen to capitalise on the competitive rates currently available.

30 Mar 2015

BoE data reveals "improving mortgage market"

BoE data reveals "improving mortgage market"

The latest Bank of England Money and Credit statistics show that February saw an increase in loan approvals for house purchase and remortgaging.

30 Mar 2015

Lenders adopt Mortgage Brain's product data analysis

Lenders adopt Mortgage Brain's product data analysis

An increasing number of mortgage lenders have adopted customised versions of Mortgage Brain’s mortgage product data analysis.

30 Mar 2015

Investigation launched into pension data sale

Investigation launched into pension data sale

An investigation is being launched into claims that millions of retirees' salaries, investment values and pension details are being sold without consent.

30 Mar 2015

PFS urges FCA to address retirement advice gap

PFS urges FCA to address retirement advice gap

The Personal Finance Society have written to the government and the FCA urging them to address the issue of ‘insistent clients’ acting against professional advice - or run the risk of creating a potential access to advice shortage and a future mis-selling scandal.

30 Mar 2015

Halifax launches new remortgage products

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Halifax launches new remortgage products

Halifax Intermediaries has made significant reductions across it’s entire product range for first-time buyers, homemovers, and remortgagors, and launched a £250 cashback offer on first-time buyer products, in addition to a fee free remortgage offering.

30 Mar 2015

Wealthy retirees plan part-time work over raiding pension pots

Wealthy retirees plan part-time work over raiding pension pots

Almost a million wealthy retirees nationwide plan to work part-time rather than raid their substantial pension pots, despite the pension freedoms allowing them to do so from April 6.

29 Mar 2015

Savers lose £153m of tax free interest every year

Savers lose £153m of tax free interest every year

Despite having an estimated £8.4 billion of deposits available in their instant access and personal current accounts, Cash ISA customers are not making the most of their tax free savings accounts, according to the latest research from Halifax.

28 Mar 2015

Why I Love #FRAwards - Kevin Paterson, The Source

Why I Love #FRAwards - Kevin Paterson, The Source

In last year's Financial Reporter Industry Awards, The Source won our Best Insurance Provider award.

27 Mar 2015

In the Spotlight with Roland McCormack, Intermediary Director at TSB

In the Spotlight with Roland McCormack, Intermediary Director at TSB

We spoke to Roland McCormack, Intermediary Director at TSB about rate rises and the challenges affecting brokers in the current market.

27 Mar 2015

MCD: lifetime mortgages could be caught by new rules

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MCD: lifetime mortgages could be caught by new rules

In the final rules for the Mortgage Credit Directive published today, the FCA confirmed that lifetime mortgages will remain exempt from the MCD.

27 Mar 2015

MCD: Bridging firms could still fall under new rules, warns FCA

MCD: Bridging firms could still fall under new rules, warns FCA

In today’s policy paper published by the FCA, the regulator has stated that some bridging firms may still need to prepare to adhere to the Mortgage Credit Directive, despite having exercised its right to shield bridging lending from the new rules.

27 Mar 2015

MCD: Firms will be given six-month headstart to implement rules

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MCD: Firms will be given six-month headstart to implement rules

The Financial Conduct Authority has today has published its Policy Statement setting out its final rules for implementation of the Mortgage Credit Directive, including the new regime for second charge mortgages.

27 Mar 2015

MCD: All remortgagors must undergo affordability assessments

MCD: All remortgagors must undergo affordability assessments

In the final rules for the Mortgage Credit Directive published today, the FCA stated that there was a "compatibility issue between the MCD and our existing responsible lending regime", and have changed the rules meaning that all consumers who re-mortgage with a new lender must undergo stricter affordability assessments, even if they are not looking to borrow more.

27 Mar 2015

MCD: FCA retracts proposed first-charge rate rule for second charge lenders

MCD: FCA retracts proposed first-charge rate rule for second charge lenders

The FCA's final rules for the Mortgage Credit Directive have been published today, with the regulator having amended its original proposals on the requirement for second charge lenders to consider the impact of rate rises on the first charge mortgage.

27 Mar 2015

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