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Pru Q3 profits up 28% as income drawdown sales soar

Pru Q3 profits up 28% as income drawdown sales soar

Prudential's Q3 report has shown a 28% increase in new business profit to £209 million and APE sales growth of 20% to £648 million during the first nine months of 2014.

18 Nov 2014

MAB: House price growth leaves homeowners with 26% more equity

MAB: House price growth leaves homeowners with 26% more equity

With today’s ONS House Price Index revealing a 12% annual increase in property prices, data from Mortgage Advice Bureau shows that homeowners have greatly benefited from improved housing equity, with those seeking to remortgage having 26% more equity compared with 12 months ago.

18 Nov 2014

Three in four seek flexible retirement options

Three in four seek flexible retirement options

Analysis by My Pension Expert pre and post Budget has shown that the pension landscape has already shifted significantly.

18 Nov 2014

Virgin Money makes further rate reductions

Virgin Money makes further rate reductions

Virgin Money has introduced a number of rate reductions across its mortgage range. All products are available with immediate effect.

18 Nov 2014

ONS HPI: house prices up 12.1%

ONS HPI: house prices up 12.1%

According to the Office for National Statistics, UK house prices increased by 12.1% in the year to September 2014, up from 11.7% in the year to August 2014, and the highest annual increase since July 2007.

18 Nov 2014

ONS: CPI grows by 1.3%

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ONS: CPI grows by 1.3%

Latest data from the Office for National Statistics has shown that the Consumer Prices Index grew by 1.3% in the year to October 2014, up from 1.2% in September.

18 Nov 2014

Brokers see a bright future for bridging

Brokers see a bright future for bridging

Two thirds (66%) of brokers expect the market for bridging and short term secured finance to expand over the next three years.

18 Nov 2014

Broker Conveyancing appoints new BDM

Broker Conveyancing appoints new BDM

Broker Conveyancing, the broker-focused conveyancing distributor, has today announced the appointment of a new BDM, Steve Emblem.

18 Nov 2014

Leeds BS launches interest only range

Leeds BS launches interest only range

Leeds Building Society has unveiled new Interest Only two and five year fee assisted fixed rate deals available up to 50% loan to value at rates of 2.49% and 3.19% respectively.

18 Nov 2014

Virgin Money reduces resi and remortgage rates

Virgin Money reduces resi and remortgage rates

Virgin Money has announced a number of rate reductions on its Rapid Remortgage range. All products are available with immediate effect.

17 Nov 2014

 

Newcastle BS cuts 95% mortgage rate

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Newcastle BS cuts 95% mortgage rate

Newcastle Building Society Intermediary Services has reduced the rate of its five year 95% LTV mortgage product.

17 Nov 2014

Can the mortgage market be shaken up by alternative technologies?

Can the mortgage market be shaken up by alternative technologies?

[SPECIAL FEATURE: Greg Cox, co-founder and chief executive at Quintessential Finance Group]

17 Nov 2014

Barclays launches two 1.75% mortgages

Barclays launches two 1.75% mortgages

Starting from tomorrow, Barclays is launching two new products with a two year fixed rate of 1.75%. These rates are available for loans up to £2m and £3m with a 60% LTV and a fee of £1,999 and £3,499 respectively.

17 Nov 2014

LendInvest hires John Prust

LendInvest hires John Prust

LendInvest has today confirmed the hiring of John Prust as Head of Sales & Marketing for its lending products.

17 Nov 2014

FCA fines Chase de Vere £560k over Keydata sales

FCA fines Chase de Vere £560k over Keydata sales

The Financial Conduct Authority has fined Chase de Vere Independent Financial Advisers Limited (Chase de Vere) £560,000 for failures surrounding the sale of Keydata products.

17 Nov 2014

FSE London 2014 - Johnny Timpson, Scottish Widows

FSE London 2014 - Johnny Timpson, Scottish Widows

We spoke Johnny Timpson of Scottish Widows at the recent Financial Services Expo London. He discussed the effect - or lack of effect - of the gender directive on protection sales, noting that while activity spiked over the quarter when it was introduced, overall its effect was negligible. Timpson also explores the 'major issue' of protection sales and whether renaming income protection to better represent its function and combat its negative perception.

17 Nov 2014

L&G and Patron Capital announce investment partnership

L&G and Patron Capital announce investment partnership

Legal & General Capital and Patron Capital today announce that they have established a new strategic partnership to identify and invest in long-term, operational, real-estate and infrastructure backed investment opportunities with a positive social impact.

17 Nov 2014

Britain's first buy-to-let REIT launches

Britain's first buy-to-let REIT launches

Britain’s first buy-to-let real estate investment trust has opened to both private and institutional investors today.

17 Nov 2014

FCA to introduce customer complaint reforms

FCA to introduce customer complaint reforms

Financial firms have collaborated with the Financial Conduct Authority on a thematic review and, as a result, have agreed to make improvements to the way they deal with consumer complaints.

17 Nov 2014

TenetLime adds Airdrie Savings Bank to mortgage panel

TenetLime adds Airdrie Savings Bank to mortgage panel

TenetLime has added the Airdrie Savings Bank to the Tenet mortgage panel and announced a two-year fixed-rate exclusive with the Scottish lender.

17 Nov 2014

Skipton launches 4% savings rate

Skipton launches 4% savings rate

Today, Skipton Building Society is delivering on a promise it made to members this year by launching a 4% Loyalty Regular Saver.

17 Nov 2014

Pension freedoms could push 60,000 into higher tax bracket

Pension freedoms could push 60,000 into higher tax bracket

MGM Advantage is warning that around 60,000 people could potentially fall prey to the higher rate tax bracket from next April, having taken advantage of the new pension freedoms.

17 Nov 2014

BoE's Mark Carney urges banker pay regulation

BoE's Mark Carney urges banker pay regulation

The Bank of England's Mark Carney has said that further reforms on bankers' pay should be introduced to reduce misconduct and risk-taking in the finance industry.

17 Nov 2014

FSCP Report into investor protection 'warrants CMA enquiry'

FSCP Report into investor protection 'warrants CMA enquiry'

The True and Fair Campaign has commended the Financial Services Consumer Panel for commissioning and publishing two independent reports and a summary paper ‘Collective Investment Schemes Costs and Charges’ seeking to interrogate investor protection.

17 Nov 2014

Aegon: Only 6% to recieve desired retirement income

Aegon: Only 6% to recieve desired retirement income

According to Aegon’s second UK Readiness Report, just 6% of people are on track to achieve the retirement they want, despite the focus on pensions following major reforms announced at this year’s Budget.

17 Nov 2014

Rightmove: House prices down 1.7%

Rightmove: House prices down 1.7%

According to Rightmove's November House Price Index, the price of property coming to market has fallen by 1.7% (-£4,542) as sellers compete on price in bid to stand out during quieter winter months.

17 Nov 2014

Getting into gear ahead of rate rises

Getting into gear ahead of rate rises

[SPECIAL FEATURE: Brokers and intermediaries must consider the impact of rate rises sooner rather than later says Gary Bailey, Director at specialist lender Cheshire Mortgage Corporation, the residential mortgage lending division of Blemain Group.]

14 Nov 2014

L&G: Banks' mortgage waiting times increase post-MMR

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L&G: Banks' mortgage waiting times increase post-MMR

Waiting times for mortgage appointments in banks have increased significantly following the implementation of the Mortgage Market Review, research from Legal & General has revealed.

14 Nov 2014

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