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Catering to the post-pension reform market

Catering to the post-pension reform market

One of the great unknowns of the pension reforms to be introduced next year is how pensioners will react to the new freedoms the changes offer them.

03 Dec 2014

Creating a FTB-friendly mortgage market

Creating a FTB-friendly mortgage market

First-time buyers have been placed back in the political spotlight recently with the publication of a Labour Party-backed report which spelt out its plans to give them priority when it comes to new house building in England.

03 Dec 2014

Nationwide calls for stamp duty scrutiny

Nationwide calls for stamp duty scrutiny

Nationwide Building Society is calling for reform of the Stamp Duty Land Tax system, asking the Treasury to provide a lifeline to ordinary buyers facing a Stamp Duty bill for the first time, as well as those at risk of tipping into a higher duty band as they move up the housing ladder into a larger home.

03 Dec 2014

Autumn Statement: Funding for Lending extended for another year

Autumn Statement: Funding for Lending extended for another year

A package to boost bank lending to small and medium-sized businesses has been announced by the Bank of England and the Treasury.

03 Dec 2014

Lender predicts stability for short term lending

Lender predicts stability for short term lending

The predictions for the short term lending sector for 2015 are that volumes will grow more slowly, interest rates will stabilise, there will be fewer new lenders and some of the recent entrants will consume their liquidity and exit.

03 Dec 2014

Exeter Family Friendly launches entry-level PMI plan

Exeter Family Friendly launches entry-level PMI plan

Healthcare and protection insurer Exeter Family Friendly has launched a new private medical insurance plan aimed at the entry-level market.

03 Dec 2014

FSE London 2014: The changing face of retirement - Nigel Waterson, Equity Release Council

FSE London 2014: The changing face of retirement - Nigel Waterson, Equity Release Council

Nigel Waterson of the Equity Release Council spoke at the recent FSE London show, outlining key statistics amd pertinent points that have affected the socio-economic and political landscape over the last decade and their effects on the retirement market.

03 Dec 2014

DC memberships surpass DB for first time

DC memberships surpass DB for first time

The National Association of Pension Funds’ annual survey has found that active membership of defined contribution pension schemes has outstripped membership of defined benefit schemes for the first time.

03 Dec 2014

CML: 32% rely on longer-term mortgages

CML: 32% rely on longer-term mortgages

According to research by CML, a combination of longer working lives and affordability pressures mean that there has been a significant and fairly continuous shift on the part of households to longer-term products.

03 Dec 2014

Why social media is the next big platform for advisers

Why social media is the next big platform for advisers

Following the Financial Conduct Authority publication of its guidance consultation on the use of social media, Sophie Hall, Head of Intermediary (Wealth) looks at how it is becoming a vital tool for advisers.

02 Dec 2014

 

Bring in the experts if your client is gazumped and takes out a bridging loan

Eddie Goldsmith - GW

Bring in the experts if your client is gazumped and takes out a bridging loan

Recent reports have revealed that more than a fifth of buyers in the UK have experienced gazumping and Brighton has been declared the gazumping capital of Britain.

02 Dec 2014

Yorkshire and Chelsea BS launch under 1.4% mortgages

Yorkshire and Chelsea BS launch under 1.4% mortgages

Yorkshire Building Society and Chelsea Building Society have launched highly competitive mortgages at 1.39% and 1.38% for borrowers with 35% deposits.

02 Dec 2014

FSE London 2014 - Robert Sinclair, Association of Mortgage Intermediaries

FSE London 2014 - Robert Sinclair, Association of Mortgage Intermediaries

We spoke to Robert Sinclair, Association of Mortgage Intermediaries, at the recent Financial Services Expo, about the issues around implementing the European Mortgage Directive. He discussed the 'much-heralded' change and its effect on second charge brokers and in buy to let. He noted that there were timing issues around its implementation, especially the new ESIS document which replaces the KFI, and changes to the sales processes.

02 Dec 2014

Broker business nears pre-crisis levels

Broker business nears pre-crisis levels

Brokers have quickly shrugged off the changes to working practices caused by the Mortgage Market Review in Q2 this year, as by Q3 reports of confidence in the outlook for their own business were almost back to pre-MMR levels, according to the latest Halifax intermediaries Broker Confidence Tracker.

02 Dec 2014

Bank of Ireland returns to UK broker market

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Bank of Ireland returns to UK broker market

Bank of Ireland has launched an intermediary pilot through estate agency chains Reeds Rains, Your Move and Embrace Mortgage Services after its trial run in Northern Ireland was a success.

02 Dec 2014

Second charge market to reach £1 billion by 2016

Second charge market to reach £1 billion by 2016

According to projections from loan sourcing tool The Lending Wizard, the changes currently underway in the second charge loans industry will lead to the market more than doubling in size within three years.

02 Dec 2014

HMRC announce non-resident CGT proposals

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HMRC announce non-resident CGT proposals

Ahead of tomorrow’s Autumn Statement, HMRC have released proposals for implementing the new Capital Gains tax on non-residents, initially announced in 2013’s Finance Bill to apply from April 2015.

02 Dec 2014

1% interest rate hike needed to kickstart saving

1% interest rate hike needed to kickstart saving

Ahead of this week’s interest rate announcement by the Bank of England, savers have said that it would take a minimum 1% rise to encourage them to save more.

02 Dec 2014

P2P lender launches inheritance tax service

P2P lender launches inheritance tax service

Families struggling to pay inheritance tax bills in order to ensure they can pay out the proceeds of wills are being helped by the launch of a new service from alternative lender HNW Lending.

02 Dec 2014

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

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