Latest News

Industry calls for pensions watchdog

Industry calls for pensions watchdog

Retirement specialist Portal Financial has argued that a pensions watchdog could help to end pension liberation scams.

11 Mar 2015

Pink to ask new advisers for proof of IP

Pink to ask new advisers for proof of IP

Pink will now ask anyone wishing to join the network to provide either proof of their own income protection policy or their reasons for not having any.

11 Mar 2015

True Potential launches life plan technology

True Potential launches life plan technology

Financial and Technology services firm True Potential has launched True Potential One, which aims to revolutionise the way people interact with their finances up to, and beyond, retirement.

11 Mar 2015

Leek United BS announces record performance

Leek United BS announces record performance

Leek United Building Society saw group assets reach an all-time record of £905m in 2014.

11 Mar 2015

The Right Mortgage and Protection partners with Best Insurance

The Right Mortgage and Protection partners with Best Insurance

The Right Mortgage and Protection has today announced a partnership with Best Insurance.

10 Mar 2015

MLAR statistics show sluggish Q4 for FTBs

MLAR statistics show sluggish Q4 for FTBs

The latest Mortgage Lenders and Administrators Statistics for Q4 2014 show that mortgage lending totalled £51.3 billion in Q4 2014 - 0.2% lower than Q4 2013 and 8.1% lower than Q3 2014.

10 Mar 2015

Sesame launches BTL range with State Bank of India

Sesame launches BTL range with State Bank of India

Appointed representatives of the Sesame network now have access to State Bank of India's range of buy-to-let products.

10 Mar 2015

Aldermore sees successful LSE debut

Aldermore sees successful LSE debut

Aldermore made its debut on the London Stock Exchange at 08:00, announcing the pricing of its initial public offering at 192 pence per share.

10 Mar 2015

FCA to formally investigate Connaught operators

FCA to formally investigate Connaught operators

The Financial Conduct Authority today confirmed that it has withdrawn from the negotiations between Connaught Income Series 1 Fund (acting by its Liquidators) and its former operators, Capita Financial Managers Limited and Blue Gate Capital Limited.

10 Mar 2015

FCA investigation found "serious non-compliance" in all payday firms

FCA investigation found "serious non-compliance" in all payday firms

In an FCA review of the payday loans industry, the regulator concluded that although firms beginning to take a more customer-focused approach, too many firms have been failing to meet the requirements to treat customers in arrears fairly.

10 Mar 2015

 

RateSetter hires former FCA senior manager

RateSetter hires former FCA senior manager

P2P lender RateSetter has hired Simon Pearse, formerly of OneSavings Bank and the FCA, to join the company in a new role as Head of Compliance.

10 Mar 2015

Society of Mortgage Professionals adds roadshow dates

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Society of Mortgage Professionals adds roadshow dates

The Society of Mortgage Professionals have extended their schedule of specialist mortgage & protection roadshows by adding two extra dates for 2015.

10 Mar 2015

Hope Capital increases completions ten-fold

Hope Capital increases completions ten-fold

Hope Capital has completed bridging loans worth ten times more at the start of this year than it did over the same period last year.

10 Mar 2015

MP calls for HSBC chiefs to resign

MP calls for HSBC chiefs to resign

HSBC executives have been accused of incompetence and told that they should resign over tax evasion activities in HSBC's Swiss arm.

10 Mar 2015

Foundation Home Loans enhances BTL criteria

Foundation Home Loans enhances BTL criteria

Foundation Home Loans, which launched its first BTL product portfolio to the intermediary market in February, has announced further enhancements to its criteria today.

10 Mar 2015

Prudential CEO Tidjane Thiam to join Credit Suisse

Prudential CEO Tidjane Thiam to join Credit Suisse

Prudential have today announced that Tidjane Thiam, Group Chief Executive, will step down this year to join Credit Suisse as CEO.

10 Mar 2015

Secured lending records best start to year since 2008

Secured lending records best start to year since 2008

After December’s festive dip, the secured loan industry has bounced back in January, recording the best month-one lending figures for 6 years, at £58,236,782.

10 Mar 2015

Virgin launches new Defined Access Saver

Virgin launches new Defined Access Saver

Virgin Money has today announced the launch of a new Defined Access Saver account paying a variable rate of interest of 1.35% tax-free/AER/gross.

09 Mar 2015

HSBC widens BTL availability

HSBC widens BTL availability

From today, HSBC buy-to-let mortgages will be available to HSBC Advance and Premier customers.

09 Mar 2015

Almost half of banks penalise loyal savers in favour of new customers

Almost half of banks penalise loyal savers in favour of new customers

Thousands of loyal UK savers are losing out at the expense of new customers, with 43% of accounts currently paying less to existing customers than the equivalent live rate offered to new savers, according to analysis from Metro Bank.

09 Mar 2015

Overseas banks must offer personal assurances to PRA

Overseas banks must offer personal assurances to PRA

UK branch managers of overseas banks have until just 31 March to provide the Prudential Regulatory Authority with a signed personal assurance that their bank meets key regulatory requirements, or face regulatory censure and even the potential closure of the branch.

09 Mar 2015

LV= launches 5% IP discount

LV= launches 5% IP discount

LV= is offering a 5% discount on its income protection premium rates, applicable to both its full and budget income protection policies.

09 Mar 2015

Peter Brodnicki: Who are price wars helping?

Peter Brodnicki: Who are price wars helping?

Competition is a good thing for consumers in any market as it focuses the product provider or service supplier on ensuring they monitor and pay attention to what their competitors are doing.

09 Mar 2015

Average savings at ten-year high

Average savings at ten-year high

Savers put aside more money during 2014 than at any time in the past decade according to data from the latest NS&I Quarterly Savings Survey.

09 Mar 2015

Former L&G adviser jailed for £465k theft

Former L&G adviser jailed for £465k theft

A former L&G adviser who had an "unblemished record" faces a lengthy jail term after stealing nearly half a million pounds from an elderly couple.

09 Mar 2015

PASC: Treasury has not learned lessons from crisis

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PASC: Treasury has not learned lessons from crisis

In a new report on Government’s capacity to plan for and adapt to future challenges and crises published today, the Commons Public Administration Select Committee says that despite a lot of good work, there is not a comprehensive understanding across Government of the future risks and challenges facing the UK.

09 Mar 2015

One month to go - preparing for pension reform

One month to go - preparing for pension reform

We are now a little over a month away from the Government’s pension reforms kicking in, and as expected, there is a large amount of wailing and gnashing of teeth regarding the industry’s own ability to be ready in time.

09 Mar 2015

Govt sells further £500m of Lloyds shares

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Govt sells further £500m of Lloyds shares

The Chancellor has today announced that the government has sold another £500m of Lloyds Banking Group shares, taking the total amount of money raised through the trading plan launched in December 2014 to over £1bn.

09 Mar 2015

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