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Masthaven launches new second charges in range overhaul

Masthaven launches new second charges in range overhaul

Intermediary based bridging lender, Masthaven Finance, has revamped its products and increased the range of lending options for clients.

16 Apr 2015

Pension freedoms: a new era for annuities?

Pension freedoms: a new era for annuities?

An independent commentator has published a new paper in which he argues that, far from sounding the death knell for annuities, the new pension freedoms heralds a new era for these products.

16 Apr 2015

APFA: adviser market is stabilising

APFA: adviser market is stabilising

The Association of Professional Financial Advisers' latest report has claimed that two years after the RDR was implemented it "seems that the adviser market started to stabilise in 2014".

15 Apr 2015

TSB launches BTL pilot

TSB launches BTL pilot

TSB has today announced a buy-to-let pilot with broker London & Country ahead of a full roll out through TSB Intermediary next month.

15 Apr 2015

Holloway Friendly launches new IP app

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Holloway Friendly launches new IP app

Holloway Friendly has teamed up with financial services software company ifapps to launch an accessible way of buying illness-specific critical illness - a unique breast cancer support policy.

15 Apr 2015

FCA fines BNY Mellon £126m

FCA fines BNY Mellon £126m

The FCA has today fined The Bank of New York Mellon London Branch and The Bank of New York Mellon International £126 million for failing to comply with the FCA Client Assets Sourcebook, which applies to safe custody assets and to client money.

15 Apr 2015

The Mansfield launches new fixed rates

The Mansfield launches new fixed rates

The Mansfield Building Society has launched two new fixed rate residential products.

15 Apr 2015

Promise's sourcing system to include personal underwriter

Promise's sourcing system to include personal underwriter

Promise Solutions has launched an enhancement to its existing proposition to help brokers boost their efficiency.

15 Apr 2015

Are prepped retirees being let down by providers?

Are prepped retirees being let down by providers?

The majority of well-off pre-retirees are prepped on the new pension freedoms, but with no thanks to their pension providers, according to RetireEasy.co.uk.

15 Apr 2015

Towergate Financial rebrands as Wren Sterling

Towergate Financial rebrands as Wren Sterling

Towergate Financial has relaunched as Wren Sterling, just three weeks after completing its management buyout.

15 Apr 2015

 

TMA aims to ‘inspire’ mortgage industry

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TMA aims to ‘inspire’ mortgage industry

TMA is today embarking on a campaign to inspire the mortgage industry, asking advisers, lenders, providers and other people across the industry what inspires them as individuals to do what they do.

15 Apr 2015

42% put off by P2P lending risks

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42% put off by P2P lending risks

Risk of losses is the biggest factor holding people back from investing on peer-to-peer finance platforms, according to research commissioned by BTL peer-to-peer platform Landbay.

15 Apr 2015

Nationwide cuts rates on selected 60% LTV products

Nationwide cuts rates on selected 60% LTV products

Nationwide is reducing two year and five year fixed rate deals at 60% loan to value, as well as reducing selected fixed rate deals for switchers as part of the Society’s Loyalty Rate Mortgage initiative.

14 Apr 2015

Clydesdale Bank fined £20 million for 'serious' PPI failings

Clydesdale Bank fined £20 million for 'serious' PPI failings

The Financial Conduct Authority ( has today fined Clydesdale Bank £20,678,300 for serious failings in its Payment Protection Insurance complaint handling processes between May 2011 and July 2013.

14 Apr 2015

Inflation remains at 0.0%, show ONS figures

Inflation remains at 0.0%, show ONS figures

The UK's inflation rate remained at a record low of 0% in March, official figures from the ONS show.

14 Apr 2015

ifs University College launches pensions transfer qualification

ifs University College launches pensions transfer qualification

In response to a growing demand, a new qualification for professionals wishing to offer advice on pension transfers has been launched by ifs University College.

14 Apr 2015

CML: Buy to let sees slow but steady growth in February

CML: Buy to let sees slow but steady growth in February

According to the latest figures from the Council of Mortgage Lenders, gross buy-to-let advances in February totalled 15,900 loans, down 13% compared to January but up 11% compared to February 2014.

14 Apr 2015

CML: Lending to FTBs still falls short of pre-crisis levels

CML: Lending to FTBs still falls short of pre-crisis levels

New CML data on the characteristics of lending in February of 2015 showed first-time buyer lending was the second highest level in the month of February since 2007, behind only last year's February level. However, there were still 13% fewer loans advanced in 2014 compared to lending levels seen in 2007.

14 Apr 2015

CML: House purchase lending drops in February

CML: House purchase lending drops in February

New CML data on the characteristics of lending in February of 2015 broken down by trends to first-time buyers, home movers, remortgaging and buy-to-let.

14 Apr 2015

Savers expecting annual income of £13,100 from pension

Savers expecting annual income of £13,100 from pension

Retirement savers are targeting an average annual income of £13,100 from their private pension funds despite currently having just £59,000 in their fund, research from leading specialist over-55s provider Key Retirement shows.

14 Apr 2015

PFS call for greater consumer and adviser protection

PFS call for greater consumer and adviser protection

The Personal Finance Society want to see greater protection for both the public and the advice profession regarding flexibility to transfer out of defined benefit pension schemes.

14 Apr 2015

HTB2 deposits keep rising to 10-month high

HTB2 deposits keep rising to 10-month high

Average deposits for house purchases using the Help to Buy mortgage guarantee reached a 10 month high in February according to new data from Mortgage Advice Bureau.

14 Apr 2015

Simon Stern joins Fluent Money

Simon Stern joins Fluent Money

Bolton-based Fluent Money has appointed Simon Stern to its team as a non-executive director.

13 Apr 2015

GE Money Home Lending to be sold

GE Money Home Lending to be sold

GE Capital has put its specialist lending subsidiary, GE Money Home Lending, up for sale as part of a plan to offload its capital assets.

13 Apr 2015

Tesco Bank slashes mortgage rates

Tesco Bank slashes mortgage rates

Tesco Bank has cut a number of its mortgage rates, including its 2, 3 year and 5 year fixed rate and 2 year tracker mortgages - making them some of its lowest ever rates, after making cuts of up to 0.8 percentage points.

13 Apr 2015

Mortgage rates drop by up to 30% in six months

Mortgage rates drop by up to 30% in six months

Figures released today from Mortgage Brain’s quarterly product data analysis show a widespread drop in mortgage rates for all main product types over the past six months.

13 Apr 2015

Peter Brodnicki: Specialisation is the way forward

Peter Brodnicki: Specialisation is the way forward

When I look at the most successful businesses operating under MAB, a vast majority of the highest performing ones have built tiers of specialisation to ensure a far more consistent customer experience, which not unsurprisingly leads to higher adviser productivity.

13 Apr 2015

Equity release IFA pulls out of takeover deal

Equity release IFA pulls out of takeover deal

A takeover deal between equity release specialist Bower Retirement Services and IFA Sixty Plus has been dropped after the advice firm decided to pull out.

13 Apr 2015

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