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Equiniti launches £99 SIPP

Equiniti launches £99 SIPP

Equiniti has announced the launch of a £99 + VAT SIPP on its Selftrade platform, aimed at retirement planners wanting to take advantage of the government’s new flexible pension rules.

25 Mar 2015

Average mortgage equity withdrawal up 94% year-on-year

Average mortgage equity withdrawal up 94% year-on-year

The average amount of equity withdrawn by remortgaging per customer rose to £26,862 in February – a 41% rise from January and 94% rise from February 2014 when the average amount was £13,833.

25 Mar 2015

TSC calls for further investigation into BoE liquidity auctions

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TSC calls for further investigation into BoE liquidity auctions

The Treasury Select Committee have called for further investigation into the independent inquiry surrounding the Bank of England's liquidity auctions during the financial crisis.

25 Mar 2015

BBA: February sees increased approvals

BBA: February sees increased approvals

The BBA's latest High Street banking statistics show that house purchase approvals are starting to trend upwards after slower demand in the second half of 2014.

25 Mar 2015

FCA's Martin Wheatley faces growing MP backlash

FCA's Martin Wheatley faces growing MP backlash

The Financial Conduct Authority's chief executive Martin Wheatley has reportedly lost the support of senior politicians who are questioning his ability to lead the regulator.

25 Mar 2015

Falling inflation causes housing market optimism

Falling inflation causes housing market optimism

House price optimism rebounded in February as inflation continued to fall and the expectation of an interest rate rise receded further.

25 Mar 2015

One in ten brokers turn down complex cases

One in ten brokers turn down complex cases

Around one in ten brokers say they will turn down cases which do not fit standard High Street lending criteria.

25 Mar 2015

Saffron BS announces record lending figures

Saffron BS announces record lending figures

Saffron Building Society has today announced record 2014 results, with growth in net interest income and a significant increase in profits before tax, to £3.8m.

24 Mar 2015

The future for pensions in bankruptcy

The future for pensions in bankruptcy

In anticipation of the government’s pension reforms, the importance of financial advice has been widely discussed, with online information, forums and seminars for both advisers and retirees becoming increasingly popular.

24 Mar 2015

Has the FCA underestimated the real cost of retirement?

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Has the FCA underestimated the real cost of retirement?

The industry has raised concerns that the Financial Conduct Authority has an 'optimistic estimate' of the State pension and the State provision for care costs, which could lead many retirees to spend too much of their pension fund following the pension freedoms.

24 Mar 2015

 

Prestige launches new fixed rate range

Prestige launches new fixed rate range

Prestige Finance, the second charge loan specialist and part of OneSavings Bank plc, has announced a new range of fixed rate products for residential lending and reduced pricing on variable rate plans.

24 Mar 2015

SimplyBiz adopts Mortgage Brain’s sourcing system

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SimplyBiz adopts Mortgage Brain’s sourcing system

SimplyBiz has enhanced its mortgage sourcing system offering for its members with the inclusion of MortgageBrain Anywhere as one of its preferred mortgage sourcing technology solutions.

24 Mar 2015

Virgin launches new fixed-rate ISAs

Virgin launches new fixed-rate ISAs

Virgin Money has launched two new cash ISAs, both offering savers increased interest rates on one-year and five-year accounts.

24 Mar 2015

ONS: House price growth slowing across UK

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ONS: House price growth slowing across UK

The latest ONS House Price Index shows that annual house price growth is beginning to show signs of slowing across the majority of the UK, with house prices no longer at record levels in any region of England in January 2015.

24 Mar 2015

Rate of inflation falls to record low 0.0%

Rate of inflation falls to record low 0.0%

The rate of inflation faced by households has fallen to its lowest level on record with a 12-month rate of 0.0%

24 Mar 2015

Santander launches first standalone ISA app

Santander launches first standalone ISA app

Santander has today launched the UK’s first standalone ISA mobile app in a bid to transform the way consumers manage their savings.

24 Mar 2015

FCA to create new supervisory divisions

FCA to create new supervisory divisions

The Financial Conduct Authority has announced the creation of two new divisions that will be responsible for the FCA’s supervisory and authorisations work, each led by a director who will sit on the Executive Committee.

24 Mar 2015

Pension freedoms 'will boost advice opportunities'

Pension freedoms 'will boost advice opportunities'

More than half of firms expect the launch of pension freedoms in April to boost advice opportunities, according to new research from Prudential.

24 Mar 2015

Crystal Mortgages enters secured loan market

Crystal Mortgages enters secured loan market

Crystal Mortgages, the commercial mortgage finance and bridging loan specialist, is branching out into the secured loan market.

23 Mar 2015

Dragonfly appoints BDM

Dragonfly appoints BDM

Dragonfly Property Finance, part of the Octopus group, today announced it has hired Daniel Murray as an Internal Business Development Manager.

23 Mar 2015

Clayton Euro Risk appoints Tony Ward as President and CEO

Clayton Euro Risk appoints Tony Ward as President and CEO

Former Home Funding chief executive Tony Ward will join Clayton Euro Risk as President and Chief Executive on 1 April.

23 Mar 2015

A quarter would cash in their annuities under new reforms

A quarter would cash in their annuities under new reforms

A survey of more than 2,000 annuity holders found that a quarter would like the option to sell their pot in exchange for a cash lump sum, while a fifth said they would be likely to sell their annuity if they were given the option under the proposed changes.

23 Mar 2015

FCA faces further criticism over insurance investigation blunder

FCA faces further criticism over insurance investigation blunder

The Treasury Select Committee's report into the FCA blunder that affected insurance companies' share prices is expected to be published this week.

23 Mar 2015

One in four CTFs have never been contributed to

One in four CTFs have never been contributed to

Nearly one in four Child Trust Funds have been identified as ‘zombie’ accounts that have been forgotten by parents and that have never been contributed to since they were initially opened.

23 Mar 2015

SimplyBiz launches pension transfer service

SimplyBiz launches pension transfer service

The SimplyBiz Group has announced the launch of a pension transfer bureau, in partnership with Selectapension, which will handle money purchase and defined benefit/final salary schemes.

23 Mar 2015

Lending Works targets later-life lenders

Lending Works targets later-life lenders

Peer-to-peer lender Lending Works has announced the launch of several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015.

23 Mar 2015

February sees "flurry of new buyers"

February sees "flurry of new buyers"

After a seasonal lull over the months of December and January, February saw a flurry of new buyers coming to the market as well as home owners looking to sell – increasing 10.9% and 10.7% annually according to the latest Haart Housing Market Monitor.

23 Mar 2015

Fleet adds Sesame to panel

Fleet adds Sesame to panel

Fleet Mortgages, the new buy-to-let and specialist lender, has today added adviser network, Sesame, to its distribution panel.

23 Mar 2015

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