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Bovis: completions up 30% on last year

Bovis: completions up 30% on last year

In an interim management statement the home builder said it remained on course to deliver a strong result for 2014 and is targeting volumes of around 3,650 homes, an increase of approximately 30% compared to 2013.

07 Nov 2014

FSCS compensation payouts approach £1bn

FSCS compensation payouts approach £1bn

Compensation paid out by the Financial Services Compensation Scheme to customers of failed advice firms has so far totaled almost £1bn.

07 Nov 2014

Intelliflo: advisers want more from pension product providers

Intelliflo: advisers want more from pension product providers

Just one in five (21%) professionals working in UK adviser firms believe product providers have responded well to the government’s recent pension reforms, according to a survey by adviser software specialists, Intelliflo.

07 Nov 2014

Scottish Mortgage Investment Trust sees jump in assets

Scottish Mortgage Investment Trust sees jump in assets

The Scottish Mortgage Investment Trust has delivered strong performance in the six months to September 30, according to its half-yearly report, including a 9% increase in its net asset value per share and a 12.1% increase in its share price.

07 Nov 2014

Average HTB2 deposit falls to under £9,000 as purchase prices dip

Mortgages

Average HTB2 deposit falls to under £9,000 as purchase prices dip

New data from Mortgage Advice Bureau shows that Help to Buy mortgage guarantee deposits fell by 3% between August and September, while average purchase prices fell 6% over the same period.

07 Nov 2014

UK alternative finance market set to double in 2015

UK alternative finance market set to double in 2015

The alternative finance market is set to double in size next year, with the sector set to reach a value of £4.4 billion as peer-to-peer lending, invoice trading and crowdfunding shift into the mainstream.

07 Nov 2014

Third have less than a month's income in savings

Third have less than a month's income in savings

The latest Lloyds Bank Savings Index shows a stable picture for the nation’s savers, yet despite the continued economic improvement, savings levels remain low.

07 Nov 2014

BTL property to hit £1 trillion in 2015

BTL property to hit £1 trillion in 2015

The value of property owned by landlords in Great Britain is set to break the £1 trillion pound barrier next year, according the Kent Reliance’s inaugural Buy to let Britain report.

06 Nov 2014

BoE holds interest rate at 0.5%

BoE holds interest rate at 0.5%

The Bank of England has kept the benchmark interest rate on hold at a record low of 0.5% for the 68th month in a row, despite increased pressure on policymakers to start thinking about the first hike in over seven years.

06 Nov 2014

Sesame restricted panel providers deny breaching FCA rules

Sesame restricted panel providers deny breaching FCA rules

All seven product providers featured on Sesame's restricted advice panel have denied breaching the regulator's rules on inducements.

06 Nov 2014

 

FLA: Second mortgages up 41% in value

FLA: Second mortgages up 41% in value

New figures released by the Finance & Leasing Association show 12% growth in consumer finance new business in September, compared with the same month last year.

06 Nov 2014

L&G to expand multi-asset range

L&G to expand multi-asset range

Legal and General Investment Management is planning to expand its multi-asset range with existing products growing rapidly and new products in the pipeline.

06 Nov 2014

Royal London: pensions and protection up 39%

Royal London: pensions and protection up 39%

Royal London, the life, pensions and investment company, has presented its new business results for the nine months ending 30 September 2014.

06 Nov 2014

Halifax: mortgage approvals at 14 month low

Halifax: mortgage approvals at 14 month low

The latest Halifax House Price Index, published today, found that mortgage approvals are at a 14 month low.

06 Nov 2014

Virgin lowers share expectations

Virgin lowers share expectations

Virgin Money will be valued at £1.25bn-£1.45bn when floating on the London Stock Exchange later this month, lower than previous expectations of £1.5bn-£2bn.

06 Nov 2014

Coventry BS launches Centenary Poppy Bond

Coventry BS launches Centenary Poppy Bond

In the year marking 100 years since the start of the First World War, Coventry Building Society have announced the launch of the Centenary Poppy Bond.

06 Nov 2014

CMA launches banking investigation

CMA launches banking investigation

The CMA has today announced its decision to launch an in-depth market investigation into the personal current account and SME retail banking sectors, confirming its provisional decision of 18 July 2014.

06 Nov 2014

Transact and Ageas launch investment-linked protection

Transact and Ageas launch investment-linked protection

Transact and Ageas Protect have teamed up to launch an investment-linked term assurance product.

05 Nov 2014

Skipton expands BTL range

Skipton expands BTL range

From tomorrow Skipton is launching a refreshed range of fixed rate buy-to-let products designed to give landlords even more choice.

05 Nov 2014

Leeds BS reduces rates on two and five year fixes

Leeds BS reduces rates on two and five year fixes

Leeds Building Society is cutting rates on its range of two and five year fixed rate mortgages at 75% and 80% LTV.

05 Nov 2014

Johnson Fleming: employers should review benefit schemes following pension changes

Johnson Fleming: employers should review benefit schemes following pension changes

With continuing legislative changes dominating an already evolving market, Johnson Fleming is emphasising the need for businesses to regularly audit their employee benefits schemes with the launch of its new guide on protection, health and wellbeing.

05 Nov 2014

ABI: home insurance prices remain stable

ABI: home insurance prices remain stable

The price of home insurance has remained stable over the last year despite rises in some average claim costs according to the first ABI Average Quarterly Household Insurance Premium Tracker, published today.

05 Nov 2014

FCA continues support of Connaught investors

FCA continues support of Connaught investors

The Financial Conduct Authority has extended its support for a 'negotiated settlement' for investors in the failed Connaught Series 1 fund, the funding line for defunct bridging lending Tiuta.

05 Nov 2014

Pepper appointed as servicer on £2.7bn securitisations

Pepper appointed as servicer on £2.7bn securitisations

Pepper UK Limited has been appointed as the servicer on the recently announced Slate No. 1 and 2 residential mortgage backed securitisation issues, believed to be the largest transaction of its type globally this year and the largest European transaction in over 3 years.

05 Nov 2014

Penalty fees: a cautionary tale

Penalty fees: a cautionary tale

[SPECIAL FEATURE: Nigel Alexander, Director at Fincorp]

05 Nov 2014

FCA fines former senior Swinton execs almost £1m

FCA fines former senior Swinton execs almost £1m

The Financial Conduct Authority has fined three former senior executives of Swinton Group Limited £928,000.

05 Nov 2014

Increase in drawdown demand to put strain on market

Increase in drawdown demand to put strain on market

Standard Life estimates a 5-fold increase in the number of people across the UK choosing income drawdown from next April when the new pension freedoms kick in – up to 30% from 6% today.

05 Nov 2014

NIESR: BoE to hold interest rates until June

NIESR: BoE to hold interest rates until June

The Bank of England will hold interest rates at their historic low until after the general election next year, according to the National Institute of Economic and Social Research.

05 Nov 2014

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