Latest News

FCA cancels exec bonuses following investigation

FCA cancels exec bonuses following investigation

Clifford Chance partner Simon Davis has today published his report criticising executives over a blunder that affected insurance companies' share prices.

10 Dec 2014

Price fears deter 91% from moving

Price fears deter 91% from moving

Recent research from eMoov exploring the UK's biggest fears when buying or selling property, has found that 86% could be deterred from buying and 91% said they have worries about selling up.

10 Dec 2014

BCC: GDP downgrade vital to sustainable economy

BCC: GDP downgrade vital to sustainable economy

The British Chambers of Commerce has today announced that despite downgrading its GDP growth forecast, the UK economy has experienced the fastest growth since 2007.

10 Dec 2014

Vantage Finance expands sales team

Vantage Finance expands sales team

Vantage Finance has hired Tim Bennett as Head of Sales, in a move the company says will "increase its new business levels and provide introducers with a lead contact."

10 Dec 2014

Advisers warn of pension reform risks

Advisers warn of pension reform risks

77% of retirement advisers have said that the risk of customers spending all of their pension fund is the biggest threat to the success of pension reforms, according to research by MetLife.

10 Dec 2014

Over 55s see post-recession prosperity

Over 55s see post-recession prosperity

Aviva’s latest Real Retirement research has shown that Britain’s over-55s have seen an income rise of 21%, and their total savings typically increase by more than £10,000 since the depths of the recession.

10 Dec 2014

50% who raid savings blame poor returns

50% who raid savings blame poor returns

According to new research from Prudential, savers blame poor rates of return on savings and investments for more than £4.3 billion of unplanned withdrawals.

10 Dec 2014

Coventry cuts high LTV rates by up to 0.26%

Coventry cuts high LTV rates by up to 0.26%

Coventry Building Society has today announced rate reductions on high LTV 2 and 5 year fixed rate mortgages.

09 Dec 2014

FOS: We won't charge complaint fee

FOS: We won't charge complaint fee

The Financial Ombudsman Service has rejected the suggestion that it should charge consumers “a nominal fee of £50 to £100”, claiming this would prevent those suffering hardship from using its service.

09 Dec 2014

Partnership complete UK's largest bulk annuity transaction

Partnership complete UK's largest bulk annuity transaction

Partnership Assurance Group today have today announced the completion of the UK's largest medically underwritten bulk annuity transaction.

09 Dec 2014

 

FCA to cancel exec bonuses after insurance investigation

FCA to cancel exec bonuses after insurance investigation

The FCA is set to cancel several senior executive bonuses prior to the release of a report criticising executives over a blunder that affected insurance companies' share prices.

09 Dec 2014

Aegon to combine drawdown and guarantees

Aegon to combine drawdown and guarantees

Aegon has today announced further details of its platform changes ahead of the pension reforms next April.

09 Dec 2014

Fixed-rate popularity reaches 7 year peak

Fixed-rate popularity reaches 7 year peak

The Bank of England and FCA's Mortgage Lenders and Administrators statistics for 2014 Q3 have shown that the amount of people choosing fixed rate mortgages increased for the eighth consecutive quarter to 82.6% in Q3 2014, the highest proportion since MLAR statistics began in 2007.

09 Dec 2014

CML: mortgage lending up 15% in 2014

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CML: mortgage lending up 15% in 2014

CML's annual member review, released today, has analysed the mortgage market over the past twelve months.

09 Dec 2014

Y3S acquire Chaseblue Loans

Y3S acquire Chaseblue Loans

Y3S Group Limited yesterday completed the acquisition of 50% of Chaseblue Loans Ltd.

09 Dec 2014

ASTL hits membership target

ASTL hits membership target

The Association of Short Term Lenders has recruited another new associate member, Wilkins Kennedy LLP, bringing the ASTL’s membership to 28 this year and its associate membership numbers to 16, achieving a target that was set at the beginning of its financial year.

09 Dec 2014

3.7m employees unaware of financial products

Retirement

3.7m employees unaware of financial products

Almost 1 in 7 UK employees are in the dark when it comes to pensions and insurance benefits available through their workplace, according to new research by Friends Life.

09 Dec 2014

CML appoints new chairman

CML appoints new chairman

Moray McDonald, head of personal and business banking products at the Royal Bank of Scotland, will be the new chairman of the Council of Mortgage Lenders from 1 January 2015.

08 Dec 2014

FCA announce structural changes

FCA announce structural changes

The Financial Conduct Authority have today announced structural changes following a detailed review of its strategy, priorities and ways of working.

08 Dec 2014

Financial advice can boost retirement target by almost 50%

Financial advice can boost retirement target by almost 50%

Old Mutual Wealth's first Retirement Income Uncovered report has shown that advice can deliver 49% uplift to retirement income.

08 Dec 2014

Bridging growth due to property investors and businesses not home owners

Bridging growth due to property investors and businesses not home owners

[Special feature from Jonathan Sealey of Hope Capital]

08 Dec 2014

Platform launches lowest ever two-year fix

Platform launches lowest ever two-year fix

Platform, the intermediary mortgage lending subsidiary of The Co-operative Bank, has launched its lowest ever two-year fixed rate mortgage at 1.64%.

08 Dec 2014

FCA issue review of fines after record-breaking year

FCA issue review of fines after record-breaking year

The FCA is to review its fines policy after the level of financial penalties imposed by the regulator has more than tripled in a year.

08 Dec 2014

The Loans Engine adds Affirmative Finance to panel

The Loans Engine adds Affirmative Finance to panel

Secured loans specialist The Loans Engine has welcomed Affirmative Finance to its panel of niche lenders.

08 Dec 2014

miLoan sourcing system registers 6000th user

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miLoan sourcing system registers 6000th user

miLoanbroker.com, the free secured loans sourcing system provided by Y3S Loans, has registered over 6000 broker users who collectively have generated £1.5bn in loan quotes and who have earned well over £1m of commission for their introductions.

08 Dec 2014

79% of FS firms say regulations hamper business

79% of FS firms say regulations hamper business

More than three-quarters (79%) of financial services firms in the UK feel regulation is severely hampering their ability to behave competitively in the market, according to research released today by BDO, the world’s fifth-largest accountancy firm.

08 Dec 2014

Tenet launches consumer credit compliance service

Tenet launches consumer credit compliance service

Tenet has launched a new consumer credit compliance service for financial advisers.

08 Dec 2014

BoE: Most borrowers could cope with rate rise

BoE: Most borrowers could cope with rate rise

Economists at the Bank of England have said that the majority of mortgage borrowers could cope with a 2% increase in interest rates.

08 Dec 2014

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