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Aegon appoints Chief Financial Officer

Aegon appoints Chief Financial Officer

Aegon UK has appointed Stephen McGee as Chief Financial Officer, a role he has held on an interim basis since August.

28 Oct 2016

Stamp duty surcharge totals £670m

Stamp duty surcharge totals £670m

One in four properties bought in Q3 was a second home or buy-to-let, according to the latest HMRC figures.

28 Oct 2016

A third of contractors fear they are a mortgage lending 'risk'

A third of contractors fear they are a mortgage lending 'risk'

22% of contractors and self-employed workers believe the way they earn their income has made it more difficult for them to get a mortgage compared to when they were in full-time employment, Accord research reveals.

28 Oct 2016

The flat fee debate - transparency is key

The flat fee debate - transparency is key

The fees debate in the second charge sector rumbles on with the issue of whether a flat fee for seconds should be introduced the key question. There are good points to be made on both sides of the argument of course but for me I think a more significant issue is being ignored and that is that there is a serious lack of understanding of fee structures in our market. It’s fine to quote a flat fee but who’s paying for the valuation? How is the lender commission being shared? What fees can the introducing broker add?

28 Oct 2016

HSBC and Prudential launch sign language services

HSBC and Prudential launch sign language services

Following the news earlier this week that Nationwide has partnered with SignVideo to benefit British Sign Language users, both HSBC and Prudential have launched a BSL proposition.

28 Oct 2016

YBS launches record low 0.98% remortgage rate

YBS launches record low 0.98% remortgage rate

Yorkshire Building Society has launched a 0.98% two-year discounted standard variable rate mortgage which it says is currently the lowest rate on the market.

28 Oct 2016

Illuminating the auto enrolment market

Illuminating the auto enrolment market

I’ve recently been out on the road delivering a series of Workplace Academy residential events (they do still happen!) and catching up with advisers who have been prompted by auto enrolment to consider how they offer further services to protect and grow their relationships.

28 Oct 2016

RBS reports £469m loss as restructuring costs rise

RBS reports £469m loss as restructuring costs rise

RBS has reported an operating profit before tax of £255m in Q3, but an attributable loss of £469m due to restructuring costs of £469m, litigation and conduct costs of £425m and a £300m deferred tax asset impairment.

28 Oct 2016

Government reduces Lloyds shareholding to below 9%

Government reduces Lloyds shareholding to below 9%

The government has made further sales of its shares in Lloyds Banking Group, reducing its remaining shareholding to less than 9%.

27 Oct 2016

Innovative Finance ISA to include crowd bonds

Innovative Finance ISA to include crowd bonds

HM Treasury has introduced new legislation to extend the Innovative Finance ISA to include crowd bonds from 1 November 2016.

27 Oct 2016

 

The Mortgage Lender expands senior team

The Mortgage Lender expands senior team

The Mortgage Lender has made a number of new appointments, including two senior team members, as part of continued growth following a successful launch earlier this year.

27 Oct 2016

Low rates and capital rules hitting lenders, admits BoE

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Low rates and capital rules hitting lenders, admits BoE

The Bank of England has acknowledged that "many banks have simply not yet adapted to the new prudential constraints or the lower-rate environment".

27 Oct 2016

Further Bank Rate cut unlikely as GDP defies expectations

Further Bank Rate cut unlikely as GDP defies expectations

The Bank of England's MPC are now unlikely to cut bank rate at next month's meeting after GDP growth was higher than expected in Q3.

27 Oct 2016

Industry backs petition to ban pension cold-calling

Industry backs petition to ban pension cold-calling

A petition calling for a ban on cold-calling to sell pensions and investments has received the backing of industry firms including Royal London.

27 Oct 2016

GDP growth "unaffected" by Brexit with 0.5% Q3 rise: ONS

GDP growth "unaffected" by Brexit with 0.5% Q3 rise: ONS

GDP rose by 0.5% in Q3 compared with growth of 0.7% in Q2, according to the first ONS release to cover a full quarter of data following the EU referendum.

27 Oct 2016

TSB doubles profits to £149m

TSB doubles profits to £149m

TSB's profit before tax rose to £149.3 million in the first nine months of 2016, an annual increase of 95.4%.

27 Oct 2016

Foundation Home Loans doubles BTL portfolio limits

Foundation Home Loans doubles BTL portfolio limits

Foundation Home Loans has announced a series of changes to its criteria concerning proof of income as well as doubling the value of portfolios it will accept.

27 Oct 2016

Barclays Q3 profits up 35%

Barclays Q3 profits up 35%

Barclays has reported a 35% rise in Q3 pre-tax profits to £837m, boosted by strong trading in its investment banking arm.

27 Oct 2016

41% of millennials would mortgage through an app

41% of millennials would mortgage through an app

More than two in five (41%) millennials say they would be willing to use an app to buy a mortgage if one were to exist, and over half would take out a mortgage with a challenger bank, according to EDM Mortgage Support Services.

26 Oct 2016

Average pension withdrawal halves to £9,700 in Q3

Average pension withdrawal halves to £9,700 in Q3

£1.54 billion was withdrawn from pension schemes in Q3 according to new HMRC statistics - a decrease from £1.77 billion in the previous quarter.

26 Oct 2016

FCA to extend powers over unregulated firms

FCA to extend powers over unregulated firms

The FCA has announced plans to intervene further in unregulated activities as part of its new Mission, launched today.

26 Oct 2016

FCA plans Handbook review as part of new mission

FCA plans Handbook review as part of new mission

The FCA has revealed its new Mission, which is designed to inform the FCA’s strategy and day-to-day work over the coming years.

26 Oct 2016

V Loans partners with IRESS for second charge sourcing

V Loans partners with IRESS for second charge sourcing

V Loans has partnered with IRESS to launch second charge sourcing via its advice platform XPlan mortgage.

26 Oct 2016

September mortgage approvals drop 15%: BBA

September mortgage approvals drop 15%: BBA

House purchase approval numbers are 15% lower than in September 2015 and gross mortgage borrowing saw a 2% drop to £12bn, according to the latest BBA lending figures.

26 Oct 2016

Industry petitions for government rethink of Lloyds sale

Industry petitions for government rethink of Lloyds sale

Hargreaves Lansdown has set up a petition asking the government to reconsider its decision to cancel the public sale of Lloyds shares.

26 Oct 2016

Clydesdale launches bid for Williams & Glyn

Clydesdale launches bid for Williams & Glyn

Clydesdale & Yorkshire Banking Group has confirmed it has made a proposal to RBS to buy Williams & Glyn.

26 Oct 2016

Government resumes £16bn Bradford and Bingley sale

Government resumes £16bn Bradford and Bingley sale

The sale of mortgage assets the government holds from Bradford & Bingley has been launched by UK Asset Resolution Limited.

26 Oct 2016

Metro Bank mortgage lending up 77%

Metro Bank mortgage lending up 77%

Metro Bank's Q3 results show a 66% rise in deposits to £7,297m year-on-year, as well as its first underlying profit before tax at £0.6m compared to a £3.4m loss in Q2.

26 Oct 2016

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