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Aegon announces multi-asset workplace pension strategy

Aegon announces multi-asset workplace pension strategy

Just one in four will buy an annuity in five years’ time, and risk reduction is the main aim of most retiring investors, according to a poll of advisers.

02 Dec 2014

IFS to launch customer complaints qualification

IFS to launch customer complaints qualification

IFS University College is launching a new qualification for industry practitioners involved in dealing with customer complaints.

02 Dec 2014

Brightstar: Lifelines still available for older mortgage borrowers

Brightstar: Lifelines still available for older mortgage borrowers

Brightstar Financial have underlined the fact that ‘mortgage into retirement’ options remain available within the intermediary marketplace, despite ongoing concerns over lending practices within this arena.

02 Dec 2014

Precise issues third securitisation

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Precise issues third securitisation

Charter Court Financial Services Limited, under its brand name Precise Mortgages, issued its third public securitisation last week.

02 Dec 2014

Female pension pots 27% lower than males

Female pension pots 27% lower than males

A new study carried out by My Pension Expert, based on business written since the turn of the year has revealed that women’s pension pots are on average 27% smaller than the male equivalent.

02 Dec 2014

Aviva and Friends Life confirm £5.6bn merger

Aviva and Friends Life confirm £5.6bn merger

Aviva and Friends Life have reached agreement on a £5.6bn merger a week after disclosing that they were in advanced talks about creating the UK's "leading insurance and savings business in the UK."

02 Dec 2014

Bridging loans exceed £2bn this year

Bridging loans exceed £2bn this year

The Association of Short Term Lenders’ latest quarterly figures on the size of the bridging market reveals that in Q3 this year, the value of the overall loan book increased by 49.8% compared to the same quarter in 2013 and by 15.3% compared to Q2 this year.

02 Dec 2014

Defaqto launches new Platform Service Ratings

Defaqto launches new Platform Service Ratings

Defaqto, an independent researcher of financial products, has today launched its new Platform Service Ratings, which provide an overall assessment of the level of service financial advisers receive from the platforms they use – ultimately, supporting their research process and platform selection decisions.

01 Dec 2014

Aviva to pay £2m compensation over misleading marketing

Aviva to pay £2m compensation over misleading marketing

Aviva has announced that it will compensate 40,000 pension savers over £2 million in compensation following misleading marketing literature surrounding a low-risk investment fund.

01 Dec 2014

Manor announces Promise Solutions as preferred providers

Manor announces Promise Solutions as preferred providers

Manor has today announced the appointment of Promise Solutions as its preferred provider of secured loans for its intermediary customers.

01 Dec 2014

 

FOS release credit broking complaint figures following FCA clampdown

FOS release credit broking complaint figures following FCA clampdown

Following the FCA’s announcement today about the new rules for credit brokers, the Financial Ombudsman Service have released a summary and update on the ombudsman and credit broking complaints.

01 Dec 2014

Stonehaven launches specialist retirement mortgage

Stonehaven launches specialist retirement mortgage

Stonehaven, the equity release provider, has launched a specialist retirement mortgage for the over 55s, which enables the borrower to pay the loan back in full like a conventional repayment mortgage.

01 Dec 2014

Bellpenny completes £330m IFA purchase

Bellpenny completes £330m IFA purchase

National wealth manager Bellpenny announced today that it has acquired Essex-based Unizone Ltd, one of the largest IFA businesses in the South-East of England.

01 Dec 2014

BoE: Mortgage approvals below average in October

BoE: Mortgage approvals below average in October

Figures from Bank of England Money & Credit Statistics for October, released today, have shown that the number of loan approvals for house purchase was 59,426 in October, compared to the average of 63,727 over the previous six months.

01 Dec 2014

BoE: New mortgage rates down 4bps in October

BoE: New mortgage rates down 4bps in October

Effective interest rates data for October released today by the Bank of England show that the effective rate on the stock of outstanding secured loans (mortgages) decreased by 1bp to 3.19%.

01 Dec 2014

Half of over-40s confused over guidance guarantee

Half of over-40s confused over guidance guarantee

With four and a half months to go until the introduction of the new pension regime, 53% of over-40s don’t know if they are eligible for the guidance guarantee says Partnership.

01 Dec 2014

P2P lender calls for FSCS revamp

P2P lender calls for FSCS revamp

On the thirteenth anniversary of the Financial Services Compensation Scheme, RateSetter, the peer-to-peer lending platform, calls for a refresh of the 'outdated and inefficient' safety measure on savers’ money.

01 Dec 2014

Virgin Money sells regional bank

Virgin Money sells regional bank

Virgin Money has today announced that it completed the sale of Church House Trust Limited to Ocean Industries S.A. on 30 November 2014.

01 Dec 2014

New FCA rules tackle credit broking fees

New FCA rules tackle credit broking fees

New rules have been introduced by the Financial Conduct Authority today to tackle poor practice in the credit broking market which is causing serious detriment to consumers.

01 Dec 2014

28% can't afford to retire

28% can't afford to retire

More than one in four over-55s do not expect to ever be able to afford to retire, with the fear of running out of money in retirement a major factor keeping them in work, research from Key Retirement shows.

01 Dec 2014

MGM Advantage to launch Retirement Account for advisers

MGM Advantage to launch Retirement Account for advisers

Retirement specialist MGM Advantage has confirmed it is developing a Retirement Account to take advantage of the new pension freedoms.

28 Nov 2014

'Decision speed is key' in development finance

'Decision speed is key' in development finance

‘Speed of initial decision’ is the most important attribute of a Development Finance lender according to brokers Speed of initial decision is the most important factor for brokers when choosing a development finance lender.

28 Nov 2014

In the Spotlight with Chris Bramham, Director - Head of Mortgages & BTL, Brightstar Financial

In the Spotlight with Chris Bramham, Director - Head of Mortgages & BTL, Brightstar Financial

We spoke to Chris Bramham, Head of Mortgages and Buy to Let at Brightstar Financial, about BTL regulation and mortgage prisoners trapped on SVRs.

28 Nov 2014

Government housing schemes see 71,000 completions

Government housing schemes see 71,000 completions

Help to Buy has helped more than 71,000 people across the country buy a new home, official statistics published today have revealed.

28 Nov 2014

Equity release clients with failing health need LPA, warns Goldsmith Williams

Equity release clients with failing health need LPA, warns Goldsmith Williams

Reports of recent research conducted by LV= have shown that 48% of all equity release customers took their plan because of a need to renovate.

28 Nov 2014

House price growth softens in November

House price growth softens in November

According to the latest Nationwide House Price Index, UK house prices rose by 0.3% in November - a continued softening of house price growth.

28 Nov 2014

Saffron launches new broker-only mortgage range

Saffron launches new broker-only mortgage range

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has today launched a new range of mortgages.

28 Nov 2014

Help to Buy users using just 33% of allowance

Help to Buy users using just 33% of allowance

Homebuyers using the Help to Buy equity loan scheme are using just 33% of the scheme’s maximum purchase allowance, according to analysis from Mortgage Advice Bureau, the UK’s best known broker brand.

28 Nov 2014

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