Latest News

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

Variable rate popularity at two-year high

Variable rate popularity at two-year high

The receding chances of an imminent interest rate rise from the Bank of England prompted more mortgage borrowers to opt for variable rates during February than any month since November 2012, according to the National Mortgage Index from Mortgage Advice Bureau.

23 Mar 2015

CML: Basel proposals will make mortgages 'scarcer and more expensive'

shutterstock_141413575.jpg

CML: Basel proposals will make mortgages 'scarcer and more expensive'

The CML are currently finalising submissions to the Basel Committee on consultations that could significantly disrupt parts of the UK mortgage market.

20 Mar 2015

Review calls for MAS's budget to be halved

Review calls for MAS's budget to be halved

An independent review of the Money Advice Service by Consumer Focus chair Christine Farnish has proposed a "reboot" of the service which could involve cutting its budget by £20 million.

20 Mar 2015

 

Overcome the fear and go have some fun!

Overcome the fear and go have some fun!

‘A karate loving motorcycling Financial Adviser who loves food, good coffee and whisky’.

20 Mar 2015

FCA bans and fines two directors for SIPP failings

FCA bans and fines two directors for SIPP failings

Two former directors of advisory firm TailorMade Independent Ltd have been banned from senior positions in financial services by the Financial Conduct Authority.

20 Mar 2015

Skipton expands ISA availability

Skipton expands ISA availability

Skipton Building Society has today made its Bonus Cash ISA available to online customers.

20 Mar 2015

Treasury confirms tax free P2P lending

Treasury confirms tax free P2P lending

As part of the Budget’s new tax break on savings, the Treasury has confirmed that P2P lending will be included in the personal savings allowance, meaning up to £1,000 in interest from lending will be tax free from April 2016.

20 Mar 2015

Drawdown to create increased life insurance demand

Retirement

Drawdown to create increased life insurance demand

Recent criticism of the fact that too many annuitants have been sold single life policies is likely to drive an increase in the sales of term or whole of life insurance including the likes of funeral plans, post April’s drawdown changes.

20 Mar 2015

Banks to get £8m rebate from PRA

Banks to get £8m rebate from PRA

The Bank of England's regulatory arm, the Prudential Regulation Authority, is returning £8m to banks in regulatory fees due to surplus 2014/2015 budget.

20 Mar 2015

TSB agrees £1.7bn takeover

TSB agrees £1.7bn takeover

Spanish bank Sabadell and TSB Banking Group have reached agreement on a £1.7bn takeover after a preliminary proposal was announced last week.

20 Mar 2015

Bridging market lending £50m a week

Bridging market lending £50m a week

The annual gross bridging lending total now stands at £2.5bn, meaning an average of £48.7m is being taken out on a weekly basis – or £9.7m per day – by homebuyers, developers and businesses to meet their short-term funding needs.

20 Mar 2015

Rob Jupp: Technology plus experience - an unbeatable combination

Rob Jupp: Technology plus experience - an unbeatable combination

Eighteen years ago in 1997, a computer program beat the chess world champion, Gary Kasparov, in a match for the first time - a feat which many would have considered impossible only ten years before.

19 Mar 2015

Why I Love #FRAwards - Charles Haresnape, Aldermore

Why I Love #FRAwards - Charles Haresnape, Aldermore

In last year's Financial Reporter Industry Awards, Aldermore won our Best Specialist Lender award.

19 Mar 2015

Homebuyers express concern over affordability rules

Homebuyers express concern over affordability rules

Over half (59%) of people who are either considering, or are in the course of applying for a mortgage believe that the obligation placed upon mortgage lenders to assess their ability to repay will slow down the application process.

19 Mar 2015

FCA: mortgage lenders still not consumer focused

FCA: mortgage lenders still not consumer focused

An FCA review into mortgage lending strategies found an inconsistency in the way firms are considering the impact of their actions on customer outcomes throughout the whole strategy-setting process.

19 Mar 2015

Financial advice could be made compulsory on annuity sales

Financial advice could be made compulsory on annuity sales

In yesterday's Budget, Chancellor George Osborne announced that he will extend its pension freedoms to around five million people who have already bought an annuity.

19 Mar 2015

Openwork appoints new CEO

Openwork appoints new CEO

Openwork have today announced the appointment of Mark Duckworth as Chief Executive Officer.

19 Mar 2015

LCP launches Resi ISA for second steppers

LCP launches Resi ISA for second steppers

Chancellor Osborne’s new Help-to-Buy ISA has been widely accepted as a good policy for first steppers who can then buy a property outside London up to a maximum of £250,000 or £450,000 inside London with the tax free savings.

19 Mar 2015

Why compromise on quality?

Why compromise on quality?

According to recently released figures from the Confederation of British Industry (CBI) UK retailers enjoyed healthy January sales this year, as the old adage ‘everybody loves a bargain’ once again proved to be the case.

19 Mar 2015

Majority face "serious" difficulties getting a mortgage

Majority face "serious" difficulties getting a mortgage

The overwhelming majority of UK adults say that the difficulty in getting mortgages is a serious problem, with those hardest hit being first time buyers and those trying to take a first step up the property ladder, according to the 2015 Homeowner Survey by HomeOwners Alliance and myhomemove.

19 Mar 2015

Creating clarity amidst confusion

Creating clarity amidst confusion

Planning for our later years and post-work life can be a costly, confusing time.

19 Mar 2015

Latest Money Careers

Popular this week