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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

Latest News

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

Former FCA director Clive Adamson to join Prudential

Former FCA director Clive Adamson to join Prudential

Former FCA director Clive Adamson is set to join Prudential, possibly as a non-executive director.

09 Mar 2015

Halifax launches cashback offer and rate reductions

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Halifax launches cashback offer and rate reductions

Halifax has launched a £500 cashback offer for first-time buyers and homemovers, and has reduced rates on the four year fixed rate product transfer range and five year fixed range by up to 0.25%.

09 Mar 2015

Zopa lends over £750 million in P2P loans

Zopa lends over £750 million in P2P loans

Zopa, the world’s first peer-to-peer lender, today marked the tenth anniversary of its service and start of the peer-to-peer finance industry worldwide.

09 Mar 2015

True Potential's investment technology helps double profits

True Potential's investment technology helps double profits

Financial and technology services group True Potential has grown turnover by 61% and almost doubled its profits following the launch of its new investment technology.

09 Mar 2015

BSA: money from govt's pensioner bonds should go towards affordable housing

BSA: money from govt's pensioner bonds should go towards affordable housing

In advance of the Budget on 18 March, the Building Societies Association has written to the Chancellor of the Exchequer asking for urgent and concerted action to help home buyers - particularly younger buyers.

09 Mar 2015

Santander launches 2% fixed rate ISA

Santander launches 2% fixed rate ISA

From Monday, Santander’s new range of cash ISAs will be available, including an exclusive 2 Year Fixed Rate ISA paying 2.0% AER tax free.

07 Mar 2015

Osborne seeks "to get rid" of RBS in quick sale

Osborne seeks "to get rid" of RBS in quick sale

George Osborne has admitted errors in the handling of RBS and will start eyeing reprivatisation as soon as possible if the Conservatives win the election.

06 Mar 2015

Adapting to change is key to broker success

Adapting to change is key to broker success

An opportunity-filled year is upon us and brokers willing to embrace change and overcome challenges will reap the benefits, says Nick Jones, national sales manager at Blemain Group.

06 Mar 2015

 

Equity release advisers must adapt to a growing industry

Equity release advisers must adapt to a growing industry

In financial services you can potentially judge the strength of a sector by the number of advisers actively working within it.

06 Mar 2015

Intrinsic appoints Operations Director

Intrinsic appoints Operations Director

Intrinsic Financial Services has announced that Steve Burke has joined the company as Operations Director.

06 Mar 2015

Signature Private Finance appoints Brilliant Solutions to panel

Signature Private Finance appoints Brilliant Solutions to panel

Signature Private Finance, a privately owned & funded Principal Lender, has appointed Brilliant Solutions to its distribution panel.

06 Mar 2015

Santander to withdraw GI range

Santander to withdraw GI range

From Tuesday 31 March, Santander for Intermediaries will withdraw General Insurance from its new business product range to focus on its mortgage proposition.

06 Mar 2015

The Mortgage Works cuts ERCs

The Mortgage Works cuts ERCs

From today, The Mortgage Works will apply a reducing scale of Early Repayment Charges to all new Buy to Let mortgages, where customers redeem their loan before the end of the deal period.

06 Mar 2015

Skipton launches new bonus cash ISA

Skipton launches new bonus cash ISA

Skipton Building Society has today announced the launch of a new Bonus Cash ISA which offers interest of 1.50%, including a 0.50% bonus for 12 months.

06 Mar 2015

Vantage Finance granted full CCA permissions

Vantage Finance granted full CCA permissions

Vantage Finance has been granted full CCA permissions by the Financial Conduct Authority.

06 Mar 2015

Halifax launches 2.39% five year fix

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Halifax launches 2.39% five year fix

Halifax Intermediaries has launched new five year fixed rate mortgages, including a 60% LTV 5 year fixed rate for first-time buyers and homemovers at 2.39% and 2.54% for remortgage customers.

06 Mar 2015

SFO launches BoE investigation

SFO launches BoE investigation

The Serious Fraud Office is launching an investigation into the Bank of England's liquidity auctions during the financial crisis.

06 Mar 2015

Towergate sells John Charcol in £8.64m deal

Towergate sells John Charcol in £8.64m deal

Palatine Private Equity have bought Towergate Financial's IFA arm, which includes John Charcol, in a combined deal worth £8.64m.

05 Mar 2015

Parliament approves "biggest ever reforms to UK banking sector"

Parliament approves "biggest ever reforms to UK banking sector"

The last piece of secondary legislation under the Banking Reform Act 2013 has completed its passage through Parliament, aiming to create a banking system that supports the economy, customers and small businesses.

05 Mar 2015

MPC meeting marks sixth anniversary of 0.5% Bank Rate

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MPC meeting marks sixth anniversary of 0.5% Bank Rate

The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%, marking the 6th anniversary of Bank of England interest rates remaining at historic lows.

05 Mar 2015

Standard Life drops drawdown charges

Standard Life drops drawdown charges

Standard Life today announced the removal of the charges currently applied to its flexible drawdown product as it prepares for pension freedom.

05 Mar 2015

FCA fines "misleading" Bank of Beirut UK £2.1m

FCA fines "misleading" Bank of Beirut UK £2.1m

The Bank of Beirut UK Ltd has been fined £2.1m by the Financial Conduct Authority and stopped from acquiring new customers from high-risk jurisdictions for 126 days.

05 Mar 2015

Pensions to purchase buy-to-let not viable, warns IFA

Pensions to purchase buy-to-let not viable, warns IFA

The buy-to-let market is unlikely to be flooded with people emptying their pension pots, says retirement specialist Portal Financial.

05 Mar 2015

FTBs finding feet in property market

FTBs finding feet in property market

Clydesdale and Yorkshire Banks’ Annual First Time Buyers Survey has revealed that less than half (46%) of the nation’s first time buyers needed help in saving for their deposit in 2014, compared with 63% in 2013 and more than three quarters (78%) in 2012.

05 Mar 2015

Duff & Phelps joins the ASTL

Duff & Phelps joins the ASTL

The Association of Short Term Lenders has been joined by another new associate member, Duff & Phelps, taking the ASTL’s membership to 28 and its associate membership numbers to 17.

05 Mar 2015

Available HTB homes down 7.4%

Available HTB homes down 7.4%

The number of properties on the market eligible for the government’s Help to Buy scheme has fallen 7.4% in the last year, according to property website Zoopla.co.uk.

05 Mar 2015

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