More Archive News

'Generation K', or those now aged between 15 and 24, are “very different” to previous generations and more must be done to engage them with pensions, according to economist and author Noreena Hertz
19/10/2018
Inheritance tax (IHT) receipts hit £2.8bn in the first six months of the tax year, and the Office for Budget Responsibility (OBR) has estimated that they will increase further to reach a record £5.4bn by the end of this tax year
19/10/2018
A record breaking £1.02bn in equity was released between July and September, equivalent to £11m of property wealth unlocked each day, revealed the Equity Release Council’s (ERC) latest quarterly lending figures
19/10/2018
The Pensions Minister has confirmed that there will be new pensions legislation in summer 2019, in a speech at the Pensions and Lifetime Savings Association’s annual conference yesterday, 18 October
19/10/2018
The winners of the third MoneyAge Awards 2018 were announced last night at a gala ceremony in London.

Comedian Lucy Porter presented the awards to hundreds of personal finance specialists at the De Vere Grand Connaught Rooms London
19/10/2018
The pensions industry cannot afford to be complacent despite the success of auto-enrolment, Pensions and Lifetime Savings Association chair Richard Butcher has said
18/10/2018
Danish authorities have blocked the appointment of a new chief executive officer at Danske Bank, applying further strain on the firm which is currently reeling from a $200bn (£176bn) money laundering scandal, involving suspicious Russian money
18/10/2018
Bank of England (BoE) official Sir Jon Cunliffe told the Treasury Select Committee yesterday that talks are continuing with EU regulators to try to persuade them to allow British clearing houses to serve clients across the continent
18/10/2018
The growth of new lending to those already in debt has “parallels” to the sub-prime mortgage boom which resulted in the financial crisis, according to the minutes from a discussion by the Bank of England’s (BoE) top financial stability policy-makers
18/10/2018
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have today launched a joint regulatory strategy aimed at strengthening their relationship, and taking joint action to deliver better outcomes for pension savers and those entering retirement
18/10/2018
The UK’s transition out of the EU could be extended by “a matter of months” to ensure no hard border in Northern Ireland, Prime Minister Theresa May has said
18/10/2018
The HSBC UK pension scheme will invest £250m in renewable energy in Britain, following a competitive tender process
17/10/2018
The Mortgage Lender has transformed its residential product range, introducing higher LTV’s, more targeted pricing, reduced completion fees and a cashback range in a bid to offer more tailored products to home buyers
17/10/2018
Following today’s publication of the inflation rate for September, Royal London director of policy Steve Webb has said that, whilst the rates of working age benefits have been squeezed for many years, “pensioners look set to enjoy another above-inflation increase”
17/10/2018
Average house prices in the UK have increased by 3.2% in the year to August 2018 and, despite being down from 3.4% in July 2018, have remained broadly stable at a national level since April 2018, new data has revealed
17/10/2018
Around 37 per cent of pension schemes are in surplus against their funding target, according to new data released by Mercer
17/10/2018
A group of 10 of the largest investment, savings and pensions trade bodies have endorsed a new joint venture aimed at delivering a long-term governance solution to transfers
16/10/2018
Leading wealth management and financial advice association PIMFA has today raised concerns over the Financial Conduct Authority’s (FCA) proposal to increase the maximum amount of compensation the Financial Ombudsman Service (FOS) can require a financial services firm to pay out
16/10/2018
Up to £20bn worth of pension pots could remain unclaimed, new research from the Pensions Policy Institute (PPI) has found
16/10/2018
The Institute for Fiscal Studies has today published its ‘Green Budget’ urging Chancellor Philip Hammond to introduce a pensions death tax
16/10/2018
There were 35,500 new first-time buyer (FTB) mortgages completed in August, approximately 2% more than the same month a year earlier, representing £6.1bn of new lending, a 5.2% increase year-on-year, according to the latest figures from UK Finance
16/10/2018
Just one month remains to enter the Retail Asset Management Awards 2019
16/10/2018
With the budget fast approaching, mutual provider Foresters Friendly Society has highlighted the importance of the Lifetime ISA (LISA) in supporting home ownership and retirement ambitions of younger savers
16/10/2018
National Savings & Investments (NS&I) has recently revealed that 14% of Britons (7 million people) think they may have lost track of a financial product, drawing attention to the staggering amount of money left dormant with UK financial services providers
16/10/2018
Chancellor Philip Hammond will have to squeeze an extra £19bn out of taxpayers by 2022/23 to meet Prime Minister Theresa May’s promise to end austerity, while also keep his pledge to eliminate the deficit, according to a detailed analysis from one of the UK’s trusted economic bodies
16/10/2018
The Financial Conduct Authority (FCA) has written to the heads of payday lending firms urging them to consider “affordability risk” before granting loans to financially vulnerable borrowers
16/10/2018
Almost 60% of payday loan users have been forced to pay back more than they expected as a result of hidden or unexpected fees charged by lenders, revealed new research from Kantar TNS
15/10/2018
The Financial Conduct Authority (FCA) gas today published a discussion paper on climate change and green finance
15/10/2018
Pensions freedom and choice could result in a tax revenue increase of £19bn over the next 10 years, according to the latest research from the Pensions Policy Institute (PPI)
15/10/2018
The proposed changes from the Financial Conduct Authority (FCA) designed to reduce the potential for harm to retail investors in funds that hold illiquid assets, will “enhance risk-management capabilities, transparency and resilience”, Moody’s Investor Services has said
15/10/2018
Seventy-eight per cent of employers think that the pensions tapered annual allowance should be re-thought, according to the Association of Consulting Actuaries
15/10/2018
Chase de Vere has argued that employers can save money by providing financial advice in the workplace for their employees, and 83% of employers have admitted that financial advice is something their employees would benefit from
15/10/2018
A staggering 58% of first-time buyers claimed that their parents bought their first home at a younger age than them, according to a recent study conducted by Larkfleet Homes and First Time Buyer Magazine
15/10/2018
The government has rejected calls from the Treasury Committee to fundamentally reform pensions tax relief after it said there was “no clear consensus” to do so
15/10/2018
The UK can expect low economic growth for the next three years, with a no-deal Brexit denting growth even further, according to the EY Item Club
15/10/2018
The Lifetime Isa (LISA) will remain available to the savers under 40, the government has confirmed, despite calls from the Treasury Select Committee for it to be scrapped
15/10/2018
Chancellor Philip Hammond is likely to revert to the ‘salami-slicing’ of pension tax relief as a way of funding increased spending on the NHS, according to Royal London director of policy Steve Webb
14/10/2018
Defined benefit pension transfer values fluctuated over September, falling slightly by the end of month to £230,000
12/10/2018
Insurance Premium Tax (IPT) costs each household more than £200 per year, and raises more than beer and cider duty, while also rising faster than taxes on cigarettes, despite half the population having never heard of it
12/10/2018
Property price growth in the capital will be put “on pause for the next two years” until Brexit negotiations are fully completed, according to a Savills analysis that was recently released
12/10/2018
Royal Bank of Scotland (RBS) yesterday unveiled a new savings product offering a rate of 1.5%, just weeks after Goldman Sachs entered the British market
12/10/2018
Bank of England (BoE) governor Mark Carney needs to clarify whether house prices would be slashed by a third if the UK were to crash out of the EU, the Treasury select committee has urged
12/10/2018
Over 90 per cent of small and micro employers said no members asked to leave their pension scheme following the increase of minimum auto-enrolment contributions in April 2018, The Pensions Regulator has revealed
12/10/2018
Financial Services Compensation Scheme (FSCS) CEO Mark Neale has announced that he will step down from his position on 3 May 2019 after being in the organisation for nine years
12/10/2018
In the first nine months of the year, 3,527 young people experienced identity fraud, an increase of 24% when compared to 2017, according to figures from anti-fraud organisation Cifas
11/10/2018
The Treasury is finalising plans to overhaul tax rules which allow those that are self-employed to avoid paying national insurance contributions, with the move targeted at those who set themselves up as private companies to take on work
11/10/2018
Over half of renters (51%) had only been shown their tenancy agreement after they had put down money on the property, revealed Citizens Advice
11/10/2018
With the number of house buyers on the decline, piling further pressure on London’s already strained property market, the Royal Institution of Chartered Surveyors (RICS) said there was “caution” as Bank of England (BoE) governor Mark Carney warned of a potential 35% drop in prices in the event of a no-deal Brexit
11/10/2018
The aggregate risk across FTSE 100 defined benefit pension schemes has fallen by 23.5 per cent since 2017, according to Cardano and Lincoln Pensions
11/10/2018
The average Brit underestimates the amount of money they need to retire by £169,000, according to new research by MoneySupermarket
10/10/2018
Government regulatory “tinkering” and poor communication has led to a severe lack of trust in the UK pensions industry, it has been suggested
10/10/2018
The tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £97m since it was introduced in 2006, with the latest figures from HMRC showing that £102m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £5m in 2006/7 when the LTA was introduced
10/10/2018
An employee earning the UK’s average income, who was auto-enrolled (AE) in October 2012 when it was introduced, and has contributed the minimum amount over the last six years, will have generated a pension pot of £3,353, new research from Aegon has revealed
10/10/2018
Kent Reliance, part of specialist mortgage provider and retail savings group OneSavings Bank, has announced its decision to increase the procuration fees for product transfer from 0.25% to 0.30%
10/10/2018
The government is reportedly “looking at the opportunities” a digital tax system could bring to “tackle any differences” in the way pensions tax relief is paid
10/10/2018
The Bank of England (BoE) has doubled down on its call to the European Union (EU) to put measures in place to allow European banks to access UK-based clearing houses after Brexit, in order to avoid financial market chaos which could damage firms across Europe
10/10/2018
Banking giant HSBC paid a $765m (£582m) fine yesterday over allegations it deliberately sold “contaminated” mortgage-backed securities to investors in the period leading up to the financial crisis
10/10/2018
The deficit of defined benefit schemes in the PPF 7800 Index decreased by £26.6bn over September, ending the month on £38.7bn
10/10/2018
Saga has launched a regular drawdown lifetime mortgage, which allows people to set how much money they would like to receive each month, with a minimum of £200; and more...
09/10/2018
Interest-only customers are set to increasingly seek professional advice from intermediaries as they approach the end of their loan terms, allowing significant opportunities for advisers to discuss potential retirement solutions with their clients to arise, new research has found
09/10/2018
Almost 70 per cent of the British public do not understand which pensions products they should be investing in, new research has found
09/10/2018
The Financial Conduct Authority (FCA) is consulting on new governance in a bid to reduce the potential for harm to investors that hold illiquid assets, particularly under stressed market conditions, such as the UK referendum on EU membership in 2016
08/10/2018
Inheritance tax (IHT) gifting rules could be dramatically simplified in the Budget, according to financial advice firm, NFU Mutual
08/10/2018
A freedom of information (FOI) request submitted by Canada Life revealed that 30 overseas transfer charges were paid to HM Revenue & Customers (HMRC) worth £1.4m in the 2017/18 tax year
08/10/2018
New regulations from the Financial Conduct Authority (FCA) on pension transfer advice will alter conversations between pension members and advisers, according to Lane Clark & Peacock (LCP) and Royal London
08/10/2018
Specialist buy-to-let mortgage lender Landbay has today announced a new partnership with the Julian Harris Adviser Network; and more...
08/10/2018
Current savings levels in ISAs are “far too modest to even scratch the surface” of paying for residential care in later life, according to Just Group
08/10/2018
Almost two thirds (73%) of NEST savers think it is important for pension schemes to consider the environment, society and corporate behaviour when investing their money, revealed a survey conducted by the corporation
08/10/2018
Seventy-nine per cent of pension savers are “indifferent” to where their pension is invested, as long as it delivers a reasonable return, new research has found
08/10/2018
Britain’s biggest high street lender Lloyds is in talks with Schroders over merging its £13bn wealth management branch into a new joint venture with the investment giant
08/10/2018
The average instant access deposit rate available from banks and building societies rose just 0.05 per cent to 0.27 per cent in September, despite August’s 0.25 per cent interest rate rise
05/10/2018
NOW: Pensions CEO Troy Clutterbuck has signed a letter to Chancellor Philip Hammond, which aims to address the pay anomaly in the forthcoming Budget, and highlighted that “more than a million low earners are missing out on tax relief” on pension contributions
05/10/2018
TMA Club has today announced that it is expanding its offering by adding Saffron for Intermediaries to its range of lenders; and more...
05/10/2018
Changes to the pensions annual allowance, stamp duty clarification and ISA allowance changes are among the main policy amendments that could occur in the Budget, according to a number of financial experts
05/10/2018
House prices in the latest quarter were 1.8% higher than in the preceding three months, marking the third consecutive rise on this measure, revealed the latest House Price Index published by Halifax
05/10/2018
HM Revenue & Customs (HMRC) has been criticised by MPs for failing to advise 100,000 small businesses on how to prepare for a no-deal Brexit, after the revenue’s chief executive Jon Thompson received a letter from parliament’s Public Accounts Committee yesterday
05/10/2018
The crisis at Danske Bank worsened yesterday as it confirmed that it has received “requests for information” from the US Department of Justice (DoJ) in relation to the €200bn (£176bn) money laundering scandal involving suspicious Russian money
05/10/2018
The accounting deficit of defined benefit pension schemes for the UK’s 350 largest listed companies increased by £5bn to £34bn between the end of June and the end of September, according to Mercer’s latest data
05/10/2018
The Financial Conduct Authority (FCA) has today published new rules designed to improve the advice people receive when considering transferring their pension, with the policy statement confirming that the regulator is taking forward most of the proposals put forward in March 2018
04/10/2018
Unions from around the globe are joining forces with their pension trustees to put pressure on asset managers and regulators to come clean over the hidden costs of charges to pensions schemes, UNISON has said
04/10/2018
Over half (51%) of 25 to 34 year olds do not feel financially resilient, meaning they would struggle to recover from a financial shock or loss of income, while a third of them have no savings, according to the Office for National Statistics (ONS) report How well are you doing compared with other young people?
04/10/2018
Investors have continued to pull money from UK-focused funds in August, with a further £423m being withdrawn from the sector, revealed the latest figures from the Investment Association
04/10/2018
Specialist mortgage lender Vida Homeloans is launching in Scotland with its range of criteria-driven products as part of its ambitious growth plans
04/10/2018
Over a third of millennials have claimed they prioritise saving for a deposit on a home instead of their retirement, with a fifth of them stating that buying a property is the main reason they do not save more into their pension, according to new research from Prudential
04/10/2018
PIMFA, the leading wealth management and financial advice association, has announced that it welcomes the Financial Conduct Authority’s (FCA) decision to further investigate industry concerns about the operation of the PRIIPs regime since its implementation in January 2018
03/10/2018
The chair of the Financial Conduct Authority (FCA) Charles Randell has said that calls for deregulation from some quarters of the financial sector demonstrated that “some memories are beginning to fade” from the financial crisis
03/10/2018
The combined defined benefit pension deficit dropped by £20bn over September 2018, new figures have revealed
03/10/2018
Prime Minister Theresa May has announced a consultation on allowing opposite-sex couples to enter into civil partnerships, sparking a number of financial implications
02/10/2018
Specialist buy-to-let lender Landbay has refreshed its product criteria, increasing its maximum loan size from £1m to £1.5m and a maximum LTV of 75%; and more...
02/10/2018
Almost a third (31%) of people in the UK believe that they will not be able to repay their debt within their lifetime, while 12% state they will not be able to reduce their debt levels, according to new research from Equifax
02/10/2018
House prices across the UK increased by 0.3% in September compared to August, taking the average property price to £214,922 as oppose to £214,745 the previous month, according the Nationwide’s most recent House Price Index
02/10/2018
The UK banking sector has a “stable” outlook, in spite of an expected decline in economic growth, according to Moody’s Investors Service
02/10/2018
Danske Bank has appointed an interim chief executive after its former boss Thomas Borgen resigned following the firm’s €200bn (£177.8bn) money laundering scandal
02/10/2018
The Financial Conduct Authority (FCA) has fined Tesco Personal Finance plc (Tesco Bank) £16.4m for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack that took place in November 2016
01/10/2018
A pensions campaign group has urged the government to re-look at its options for granting pension freedoms to over five million pre-2015 retirees
01/10/2018
The latest monthly defined benefit funding indexes have shown that FTSE 100 pension schemes’ deficits have decreased by £1bn to £2bn over the past month, JLT’s latest data revealed
01/10/2018
The UK’s third largest equity release lender, more 2 life, has today announced that it is adding a drawdown facility to its Capital Choice Plan, allowing customers to withdraw a minimum amount of £2,000 and a maximum drawdown amount of double the initial loan amount; and more...
01/10/2018
Last year businesses received tax relief worth £3.5bn to support investment, as more companies took advantage of a scheme designed to tackle Britain’s weak productivity
01/10/2018
Almost half (49%) of self-employed adults aged 25 and over are earning less than minimum wage – a total of two million people, new analysis published by the TUC has revealed today
28/09/2018
The government is backing the Select Committee's recommendation that the Single Financial Guidance Body should signpost older people to mortgage brokers, banks and building societies who can offer advice on mortgages and equity release, shared ownership and shared equity, and on reinvesting the proceeds of sales
28/09/2018
Citizens Advice has launched a ‘super complaint’, highlighting that loyal customers are overpaying by £4.1bn a year on mobile, broadband, home insurance, mortgages and savings
28/09/2018
The total tax take from the lifetime allowance (LTA) tax charge has increased by more than 2,000 per cent in 10 years to £102m, according to the latest data from HM Revenue and Customs (HMRC)
28/09/2018
This year's Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November
27/09/2018
Labour leader Jeremy Corbyn has pledged to keep the triple lock if his party is elected
27/09/2018
Goldman Sachs is today launching a savings account in the UK, with savers being offered an interest rate of 1.5 per cent
27/09/2018
A total of 57% of IFAs would like a greater supply of ratings for ESG products to support client interest, according to latest research by HSBC Global Asset Management
26/09/2018
A change in the discount rate used to value public sector pensions, which could lead to increased transfers from public sector employers to the Treasury, may create a £5bn shortfall in the delivery of frontline public services
26/09/2018
Around 53 per cent of advisers said their clients had heard of annuities but had little understanding of their features and benefits, new data from Primetime Retirement has revealed
26/09/2018
Gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier
26/09/2018
Almost two thirds (62%) of financial advisers want greater priority given to implementing a ‘cold calling’ ban on pensions and almost six in ten (59%) financial advisers are calling for greater government priority on a new deal on funding social care
26/09/2018
A total of 10.8 million UK adults now consider themselves to be virtually cashless, using payment methods other than physical notes and coins to pay for lower value items
25/09/2018
A total of 4.5 million UK adults took financial advice on investments, saving into a pension or retirement planning in the last 12 months – an increase of 1.3 million compared to the previous year
25/09/2018
A total of £503.4m was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018, new data from UK Finance has shown.

During the same period, the finance industry prevented £705.7m of unauthorised fraud, equivalent to £2 in every £3 of attempted unauthorised fraud
25/09/2018
Vida Homeloans has made improvements to its new build proposition and introduced a speedier remortgage process by allowing conveyancers to use its no search indemnity insurance
25/09/2018
The number of product options available across the later life lending market has more than doubled in two years, helping to drive growth in the equity release market
24/09/2018
VitalityLife launches Risk Calculator and more...
24/09/2018
Paragon has expanded its property finance portfolio following its £48m acquisition of Titlestone Property Finance
24/09/2018
IHT receipts hit £2.357bn for April to August, HMRC has revealed
24/09/2018
The next recession will be ‘worse than the Great Depression’ if two experts’ predictions about the worldwide debt of $247trn are correct
24/09/2018
Former BHS owner, Dominic Chappell, has lost his appeal against his conviction that found him guilty of failing to hand over information to The Pensions Regulator in relation to the collapsed retail chain's pension scheme
21/09/2018
Chancellor Philip Hammond recently announced to MPs that Mark Carney will remain Bank of England (BoE) governor until the end of January 2020, adding that the seven-month extension will “support a smooth Brexit”
21/09/2018
KAS Bank has developed a cost transparency dashboard to help asset owners understand and keep track of the costs involved in a pension scheme
21/09/2018
HMRC has recently been sending ‘nudge letters’ to taxpayers who are believed to have offshore assets which may give rise to income and gains attracting UK tax, but leading tax firm Blick Rothenberg questioned whether the revenue has given people enough time to respond
21/09/2018
A potential cut to the pensions annual allowance at the Autumn Budget, in order to find extra money for the NHS, could drive doctors away, it has been suggested
20/09/2018
Fifty-six per cent of advisers support an enabling of an effective triage process by the FCA for clients considering seeking advice on DB transfers, and there is also strong support for a continued contingent charging option, including among firms not offering DB transfer advice
20/09/2018
The chief executive of Danske Bank resigned yesterday following the publication of a report into the money-laundering scandal which has rocked the lender
20/09/2018
The Pension Protection Fund has set its next levy estimate at £500m for 2019/20, a drop of £50m on the 2018/19 estimate
20/09/2018
One in eight (13%) adults in the UK have reported they would need to sell their family home if they lost their income, with 53% of them having no financial provision in case that were to happen, according to the Cost of Resilience report from Zurich UK
19/09/2018
AJ Bell has today announced that retail investors who want to apply for shares under AJ Bell’s planned initial public offering (IPO) need to be UK residents and have opened an account with the firm by 15 October 2018
19/08/2018
The Financial Conduct Authority’s chief executive, Andrew Bailey, has said he is “not convinced” of introducing a charge cap on drawdown products
19/09/2018
The inflation rate in the UK unexpectedly increased in August, reaching 2.7%, the highest rate seen in six-months, after economists had expected a consumer prices index (CPI) rate of 2.4%, the Office for National Statistics revealed (ONS)
19/09/2018
Average house prices in the UK have increased by 3.1% in the year to July 2018, slightly down from 3.2% in June 2018, and marking the lowest UK annual rate since August 2013 when it was 3%,the UK House Price Index published by the Office for National Statistics (ONS) has revealed
19/09/2018
Bitcoin will lose 50 per cent of its cryptocurrency market share to ethereum within five years, according to Thomas Crown Art co-founder Ian Mcloed
18/09/2018
Specialist and buy-to-let lender Fleet Mortgages yesterday celebrated its fourth birthday, having launched on 17 September 2014
18/09/2018
The Home Secretary Sajid Javid has recommended scrapping automatic enrolment if Britain were to leave the European Union without a deal
18/09/2018
Taxes should rise to pay for the government’s £20bn a year boost for the NHS, said the International Monetary Fund (IMF) as it urged Britain to not take chances with public finances
18/09/2018
The equalisation of pensions tax relief for higher and lower rate income taxpayers has been listed as part of a major tax shake-up proposed by the Liberal Democrats
18/09/2018
On 15 September 2016, annuity rates for a 65 year old plummeted to a low of £4,495, but have since increased by 19% reaching £5,341, based on a £100,000 pension, according to the figures released by Hargreaves Lansdown
17/09/2018
Michael Nascimento was today sentenced to 11 years’ imprisonment for his role in a share carried out through a series of boiler room companies, resulting in the loss of more than £2.8m of investors’ money
17/09/2018
The Financial Conduct Authority (FCA) has banned Christian Bittar from performing any function in relation to any regulated financial activity
17/09/2018
The London housing market has demonstrated signs of recovery, with figures at the top end of the market increasing by 6% year-on-year
17/09/2018
Pensioners in London have only £6 left over on average after their monthly household spending, according to new research from the Office for National Statistics (ONS)
14/09/2018
Bank of England (BoE) governor Mark Carney has warned the cabinet that a chaotic no-deal Brexit could cause house prices to plummet and result in an economical shock similar to that caused by the financial crisis
14/09/2018
The success of automatic enrolment is in danger of being “oversold” once April 2019 contribution increases go through, it has been said
14/09/2018
Hargreaves Lansdown (HL) has introduced a new service for cash savers which will allow them to pick and mix fixed term savings products from a range of UK banks and building societies through one online account; and more...
14/09/2018
Though retirement interest-only (RIO) mortgages have been labelled a “welcome addition” to the later life lending space, a number of trade body representatives have argued there should be a closer alignment between the products and equity release options so consumers receive more holistic advice
13/09/2018
Defined benefit pension transfer values remained stable over August, fluctuating mildly over the month, according to the latest data
13/09/2018
The Financial Conduct Authority’s (FCA) intention to introduce a broker assessment/comparison tool for consumers is wrought with difficulties and could be “anti-competitive”, according to a number of trade body representatives
13/09/2018
The government has announced the launch of its Help to Save scheme
13/09/2018
The Personal Finance Society (PFS) has recently announced it is unveiling its new Financial Planning Practitioner Panel for 2018/19
13/09/2018
The impact of the financial crisis has left people's wages 3% below what they were a decade ago, new research has revealed
12/09/2018
Homeowners who lapse onto their lender’s Standard Variable Rate (SVR) are being stung with over £2,500 a year in extra interest, according to analysis from online mortgage broker Trussle
12/09/2018
The residential remortgaging market has seen its strongest July in a decade, according to UK Finance's Mortgage Trends Updatee for July
12/09/2018
The DWP has had to halt and alter plans for new regulations regarding pension compensation for employees of companies that enter insolvency
12/09/2018
The Department for Work and Pensions (DWP) has rejected a suggestion to allow individuals to retain their previous pension provider after they change jobs
12/09/2018
The government has confirmed that trustees will not be required act on members’ views on how the pension scheme is invested, following initial confusion in its draft consultation
12/09/2018
Chancellor Philip Hammond has announced to MPs that Mark Carney will remain Bank of England (BoE) governor until the end of January 2020
11/09/2018
The outstanding value of all residential loans has continued to grow in the second half of 2018, rising to £1,417.2bn, illustrating a 3.8% growth compared to Q2 2017, according to the Bank of England’s Mortgage Lenders and Administrators Statistics: 2018 Q2
11/09/2018
Londoners have been prevented from being ripped off by over £2m over the last 12 months, as London Trading Standards (LTS) tackle rogue traders across the capital
11/09/2018
Small defined benefit schemes are “lagging behind” larger schemes when it comes to good governance, The Pensions Regulator has found
11/09/2018
Sterling hiked yesterday after EU chief negotiator Michael Barnier announced it was “realistic” to expect a Brexit deal in the next six-to-eight weeks
11/09/2018
More than a fifth (21 per cent) of FTSE 350 companies with a DB pension scheme do not disclose their funding deficit or surplus position, according to new research from Lincoln Pensions
10/09/2018
In a case brought by the Financial Conduct Authority (FCA), five individuals have been sentenced to a total of 17.5 years imprisonment for their roles in a shared fraud carried out through a series of boiler room companies, resulting in the loss of more than £2.8m of investors’ money
10/09/2018
Answers in Retirement Group (AIR Group) has recently announced the launch of its new physical ‘Learning Hub’ for later life advisers
10/09/2018
The number of people taking a full cash withdrawal from their pension pots has fallen by 9 per cent, Financial Conduct Authority (FCA) data has revealed
10/09/2018
New figures released today from PwC’s Skyval Index revealed the deficit of defined benefit (DB) pensions funds stood at £170bn at the end of August 2018, £10bn less than the £180bn figure reported at the end of July 2018
07/09/2018
As sluggish market conditions continued, and the number of mortgages approved for new house purchases dropped by 4.3% on the year last month, the Financial Conduct Authority (FCA) has called for innovation to help consumers find the best mortgage deal
07/09/2018
Average contributions into private sector DC pension schemes during 2017 fell to 3.4 per cent, Office for National Statistics results have revealed
07/09/2018
House prices in the UK in the three months to August increased by 3.7%, compared to the same period a year earlier, according to Halifax’s recently published House Price Index for August 2018
07/09/2018
Kent Reliance, part of specialist mortgage provider and retail savings group OneSavings Bank Plc, has today announced that it is making rate reductions to its five-year fixed buy-to-let (B2L) mortgages for 75% and 80% LTV products; and more...
07/09/2018
A planned tax cut for 2.7 million self-employed workers has been scrapped by the British government
07/09/2018
The Court of Justice of the European Union (EU) has today ruled individual pension scheme members should receive at least 50% of the value of their accrued old age pension in the event of employer insolvency
06/09/2018
The sale of drawdown products continued to grow at a faster rate when compared to traditional annuity solutions, up 8% in the second half of 2017/18 from the same period in 2016/17, according to the Financial Conduct Authority’s (FCA) Data Bulletin September 2018
06/09/2018
The average rental price in the UK has risen by 0.13%, the highest monthly increase since April 2016, according to the Landbay Rental Index
06/09/2018
The number of advisers’ clients choosing growth as their main priority when selecting an investment product has increased, rising from 28% in January 2018 to 37% in April 2018, according to figures from NS&I’s latest edition of its Financial Advice Barometer
06/09/2018
Pension funds could be subject sanctions like Local Government Pension Schemes (LGPS) are if they fail to supply data requested of them to the scheme, it has been suggested
06/09/2018
Retired homeowners have gained £45.7bn in property wealth in the past year, despite housing market worries, according to analysis from independent equity release adviser Key
06/09/2018
Thousands of people across the UK were charged twice for debit card payments following a glitch, which saw customers billed twice when paying via a card terminal operated by Cardnet, despite transactions only appearing once on receipts
05/09/2018
Despite the price of Bitcoin rising, eToro market analyst Matthew Newton stated that it is way too early to call this a “true resurgence”
05/09/2018
Fifty-three per cent of people are worried about the governments delay in implementing a cold calling ban, according to a recent study by Aegon
05/09/2018
Around 55 per cent of people not saving into a pension blame low income, lack of work or still being in education, an increase of 17 per cent from 38 per cent in 2010-12
05/09/2018
One in four Brits have fallen victim to online fraud when shopping online, with 8% of victims being duped more than once, according to the statistics from the inaugural Shieldpay Fraud Tracker
05/09/2018
Bank of England (BoE) governor Mark Carney yesterday said that he is willing to do whatever he can to a promote a smooth Brexit process, when asked whether he will remain in his position after June 2019, his original planned date of departure
05/09/2018
The FTSE 350 defined benefit pension deficit increased for the second consecutive month, from £32bn to £34bn, as of 31 August 2018, according to Mercer’s Pension Risk Survey
04/09/2018
More than a quarter (27%) of millennials would take their investment out of a company if it faced allegations of misconduct or unethical behaviour, despite it achieving high returns, versus just 9% of those aged between 55 and 64, according to statistics from Rathbone Investment Management
04/09/2018
Britain’s buy-to-let (B2L) landlords are divided over their future due to tax and market changes, with 44% of them looking to sell and just 56% planning to keep their existing properties and extend their portfolio, according to the latest research from Octopus Choice
04/09/2018
The Treasury and the Bank of England (BoE) are in discussions about Mark Carney staying on as governor beyond his present departure date of June 2019
04/09/2018
FTSE 100 pension schemes have slipped back into deficit, after breaking into surplus last month for the first time in ten years, according to JLT Employee Benefits (JLT) monthly index
03/09/2018
Royal Bank of Scotland’s (RBS) chief executive has recently told the BBC that the bank is “preparing for the worst” in relation to the Brexit result, as the bank may have to decline new business customers if there is a no Brexit deal
03/09/2018
An FCA clampdown on the ‘triage’ process when clients ask about pension transfers risks
"poor consumer outcomes", Royal London has argued, despite huge variations in how firms triage pension transfer inquiries.

A survey of almost 400 financial advisers by mutual insurer Royal London, found that more than two thirds of advice firms operate an initial triage process when approached about a potential transfer, but what this means in practice varies hugely. When asked ‘what percentage of clients are triaged and do not then take things further’, replies ranged from ‘NIL’ to ‘over 90%’
03/09/2018
According to Sanlam UK’s report, The Generation Game, 33% of under 45’s claimed to have less than £10,000 in their pension pot, while a quarter of them said they do not know the value or do not have one at all
03/09/2018
Those who invested in a stocks and shares ISA 15 years ago could have enjoyed gains of almost double that experienced by individuals leaving money in cash over the same period, according to the latest figures from HM Revenue & Customs (HMRC)
03/09/2018
The government’s National Fraud Initiative (NFI) has saved over £300m in taxpayers’ money over the last two years, by detecting and preventing fraud and error in the public sector
31/08/2018
Savers missed out on £31.2bn of potential extra income, despite cash deposits swelling to a new record by the end of 2017, according to latest research
31/08/2018
Savers missed out on £31.2bn of potential extra income, despite cash deposits swelling to a new record by the end of 2017, according to latest research
31/08/2018
The number of people using ISAs has fallen to the lowest level since 2000, but the amount saved increased year-on-year to almost £70bn, according to latest governmental figures
31/08/2018
Customers could be in line for compensation after the FSCS declared nine firms in default
31/08/2018
Around 10 million UK residents could retire with £15,000 less in their pension pots if the government abandons the pension dashboard
31/08/2018
Wonga Group Limited and WDFC UK Limited (Wonga), have decided to place themselves into administration
31/08/2018
Payday lender Wonga is no longer accepting new loan applications as it faces the brink of collapsing
30/08/2018
In Q1 2018-19, NS&I delivered £3.1bn of Net Financing and delivered £36m of value to the taxpayer in Q1
30/08/2018
Prime Minister Theresa May aims to use money from pension funds to help generate up to a total of £8bn of public and private investments across Africa over the next four years
30/08/2018
The government should consider allowing consumers to sell their annuities on a secondary market, Liberal Democrat spokesperson for work and pensions Stephen Lloyd MP has said
30/08/2018
The Pensions Regulator has written to 14 pension schemes so far this year encouraging trustees to consider cutting the transfer values on offer when workers transfer out of the pension scheme
29/08/2018
The Centre for Policy Studies (CPS) has called for pension tax relief to be scrapped in an attempt to aid low income savers and save the Treasury an estimated £10bn per year
29/08/2018
Public sector workers retire on a pension on average three times larger their private sector counterparts, a TaxPayers’ Alliance report has revealed
29/08/2018
Payday lender Wonga is on the brink of collapse, according to latest reports, following a deluge of customer compensation claims
28/08/2018
Britain’s largest banks have paid out a total of £71bn for misconduct in the decade since the financial crisis, according to the Mail on Sunday
28/08/2018
Chancellor Phillip Hammond is to consider cutting higher-rate pension tax relief in an effort to find extra money for the NHS
28/08/2018
The government has warned that UK pensioners living in Europe, or UK pensioners with EU-pension entitlements, may lose access to their pensions in the event of a no-deal Brexit
24/08/2018
The latest product and mandate announcements....
24/08/2018
Accountancy body, ACCA, has said it is “simply unfair” that people owing tax have seen a rise in the interest they pay, while those owned a refund will see no change
24/08/2018
Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier
24/08/2018
Thirty-one per cent of the self-employed plan to rely entirely on the state pension in retirement, research by Prudential has found
24/08/2018
Credit card users could be smacked with a new ‘Brexit tax’ as the cost of card payments between the UK and EU in a ‘no-Brexit deal’ are likely to increase
23/08/2018
Inheritance Tax (IHT) receipts have reached £5.2bn up from £3.4bn five years ago, new analysis of government statistics has revealed
23/08/2018
Removing the 1p and 2p coins from circulation would have “no significant impact on prices” because price rounding would be applied at the total bill level, not on individual items and would only affect cash transactions, two Bank of England experts have said
23/08/2018
The FCA has commenced criminal prosecution against Mark Starling in relation to an unauthorised investment scheme
23/08/2018
Aviva has created a new skill for Amazon’s Alexa, allowing its customers to ask the virtual assistant for the current value of their pension savings
22/08/2018
Banks have been warned that it's "not fair" to automatically blame customers for money lost through a scam
22/08/2018
A total of £2 out of every £3 was stopped in attempted fraud last year
22/08/2018
A total 15,200 new homeowner remortgages in London were completed in Q2 2018, some 16.9% more than in the same quarter a year earlier, according to latest figures by UK Finance
22/08/2018
IHT receipts hit £1.9bn in the first four months of the tax year, despite a rise in the number of claims for the increased tax break on family homes
21/08/18
Cryptocurrency fraud has led to a total of £2m worth of losses this summer, according to latest figures published by Action Fraud
21/08/18
Eighty-one per cent of consumers aged 55 or over feel they could take out an equity release plan without the help of a financial adviser, according to a new survey
21/08/18
Brits have now fallen behind on bills, to the tune of £18.9bn, according to a new Citizens Advice report
21/08/18
Sixty-two per cent of savers would prefer their savings, including their pensions, invested in assets that take climate change impacts into account, according to new research by ClientEarth
20/08/2018
Lloyds Bank is refunding one standard monthly mortgage payment up to £1,000 to customers who remortgage from another lender
20/08/2018
The government is considering a new ‘Care ISA’ to tackle the crisis in social care provision.


 
20/08/2018
The amount of tax collected from individuals breaching the LTA has rocketed by £100m since it was introduced in 2006, with the latest figures showing that £100m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £10m in 2006/7 when the LTA was introduced
20/08/2018
The Financial Conduct Authority (FCA) has recently announced that, in collaboration with 11 other regulators and related organisations, it has created the Global Financial Innovation Network (GFIN), in order to build on the FCA’s proposal to create a ‘global sandbox’
17/08/2018
On average, over 55s have £283,206 worth of equity in their homes, according to the latest data from SunLife
17/08/2018
In a bid to enhance its support for first-time buyers, M&S Bank has extended its maximum loan to value (LTV) to 95% on three new products, a two and five-year fixed rate mortgage and two-year tracker mortgage
17/08/2018
The Retail Asset Management Awards 2019 is now open for entries
17/08/2018
A former Barclays trader who was dismissed for misuse of the of the ban’s electronic trading program has won £150,000 in damages, along with the entitlement to work for the bank again
17/08/2018
Moneyhub has recently announced that it has secured Payment Initiation Services Provider (PISP) authorisation from the FCA, cementing its place as a pioneer of open banking; and more...
17/08/2018
The Consumer Price Index (CPI) rate of inflation has risen to 2.5 per cent in July, up from 2.4 per cent in June, driven by volatile prices for computer games and rising transport costs
16/08/2018
Since the launch of the Help to Buy (HTB) ISA, 146,753 property completions have been supported by the scheme, according to the latest figures from HM Treasury’s Help to Buy: ISA scheme Quarterly Statistics
16/08/2018
AJ Bell has warned that the government will risk a backlash from younger voters if it “caves to pressure” to scrap the Lifetime ISA (LISA), a product created in 2016 to help younger people save for a first home or retirement
16/08/2018
Despite there being evidence that suggested standalone robo-advice will not attract affluent investors, data and analytics firm GlobalData says that it will offer competitive advantage to traditional wealth managers over competitors
16/08/2018
Following the launch of Vida Homeloans helping hand mortgage, the first joint borrower sole proprietor mortgage to be offered by a specialist lender, the lender is offering mortgage brokers the opportunity to help a local school, community centre, charity or sports club
15/08/2018
The Liberal Democrat’s spokesperson for work and pensions, Stephen Lloyd, has blasted the government over its failure to implement a cold calling ban, especially in light of new figures on pension scams
15/08/2018
Following the publication of the Support for Mortgage Interest (SMI) statistics, Royal London personal finance specialist Helen Morrissey said that “we could see many people fall into arrears”
15/08/2018
An annual assessment of FTSE 100 CEO pay packages released today shows that CEO median pay rose by 11% between 2016 and 2017, despite criticism from government and investors over the excessive pay packets
15/08/2018
Less than 50% of Royal Bank of Scotland’s (RBS) customers would recommend its customer service to friends and family, according to rankings from the Competition and Markets Authority, which has published its first set of results
15/08/2018
Consumer finance new business grew by 9% in June, compared with the same month a year earlier, according to the latest figures released today by the Finance & Leasing Association (FLA)
15/08/2018
The Pensions Regulator and the Financial Conduct Authority have joined forces to launch a campaign urging people to be aware of scammers targeting their pension savings, as it was revealed an average £91,000 was lost per victim in 2017
15/08/2018
Over half (52%) of landlords are positive about being a landlord in the current economic and political climate, while just 16% were concerned and felt worried, according to recent research from Your Move
15/08/2018
During the second quarter of 2018, RSA Security recovered nearly 5.1 million unique compromised cards and card previews from reliable online fraud stores and other sources, representing a 60% increase on the number of cards recovered in the first quarter of 2018
14/08/2018
Wealth tied up in people’s houses is no automatic ‘safety valve’ for people who have inadequate pension savings, according to new research by Royal London
14/08/2018
Pension scam victims lose an average of £91,000 each as fraudsters see opportunity to loot pension pots, as Action Fraud revealed that a total of 253 victims reported losing more than £23m to scammers in 2017
14/08/2018
Taxpayers only have a few weeks to disclose undeclared offshore tax liabilities to HMRC or risk a stiff penalty, the Chartered Institute of Taxation (CIOT) has warned
14/08/2018
Throughout June, there were 34,900 new first-time buyer mortgages completed, 3.6% lower than the figure reported in June 2017, equating to £5.8bn of new lending and representing a decrease of 1.7% year-on-year, according to UK Finance’s Mortgage Trends Update for June 2018
14/08/2018
The Financial Conduct Authority (FCA) received a record number of reports of unauthorised activity in the past 12 months, and is taking almost four times longer to complete criminal cases, according to date from the authority’s annual report analysed by Linklaters
13/08/2018
The number of British adults planning to move home in 2018, which was previously consistent at 8%, has dropped to 6% in the 48 hours following the BoE’s announcement to increase its base rate, according to new research from AA Financial Services
13/08/2018
Standard Life’s default fund returned less than half than that of the top performing provider, Zurich, over the last three years, despite having active management elements in the fund, it has been revealed
13/08/2018
First-time buyers have seen a 21% hike in property prices over the last decade, with the average price rocketing from £172,659 in 2008 to £208,741 now, according to the latest First-Time Buyer Review from Halifax
13/08/2018
Legal & General (L&G) has completed £735m of pension risk transfer deals in the first half of 2018 and expects to close on a further £7bn of transactions in H2 2018
10/08/2018
Rental prices could rise by 15% by 2023 as the supply of new rental properties slows down, according to a recent survey by the Royal Institution of Chartered Surveyors (RICS)
10/08/2018
The shortlist for the MoneyAge Awards 2018 has been revealed
10/08/2018
Legal & General Home Finance has recently announced a new 5-year partnership agreement with Virgin Money, which will see the retirement lender offer its lifetime mortgage product range to the bank’s interest-only customers aged 55 and over; and more...
10/08/2018
The aggregate pension deficit of the top 350 performing firms in the UK has fallen by £27bn to £35bn since the beginning of 2017, according to new data
09/08/2018
Over £2bn has been stolen from people’s bank and credit card accounts in the last year, averaging £833.54 per person, a 38% (£233) increase compared to last year, according to a poll commissioned by Compare the Market
09/08/2018
In the second quarter of 2018, there were 76,740 homeowner mortgages in arrears of 2.5% or more of the outstanding balance, 8% lower than the figures reported in the second quarter of 2017, according to the most recent statistics from UK Finance
09/08/2018
It has been nine months since the old £1 coin stopped being legal tender, but the Royal Mint reported that around 169 million of them have not yet been returned
09/08/2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 other financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal to create a ‘global sandbox’
08/08/2018
Just 4 per cent of women have savings of over £300,000 in their pension funds, compared to 15 per cent of men, according to Aegon
08/08/2018
More properties are being taken off the market than are being sold for the first time in two years, new research from Reapit and Dataloft has revealed
08/08/2018
A quarter of 30 to 35 year olds, of which there are 4.7 million in the UK, have admitted to putting off life milestones, such as having children or buying a home, due to being one of the least financially resilient groups in the UK, according to new research from LV=
08/08/2018
Members with average transfer values of £230,000 could lose up to seven years of retirement income under freedom and choice, XPS Pensions Group has found
07/08/2018
A new report released today from the Adam Smith Institute suggested that the UK’s equity release sector is “greatly” under-valuing their no negative equity guarantees, with the regulator missing opportunities to manage the risks
07/08/2018
Paragon revealed that nine out of ten mortgage intermediaries keep a record of customer maturity dates, which allows them to proactively contact their customers to discuss remortgaging options at an appropriate time
07/08/2018
New research conducted by GoCompare Home Insurance has revealed that 80% of people claimed to now store emergency cash at home following the carnage caused by TSB and Visa system failures, totalling £7.7bn
07/08/2018
House prices in the three months leading to July increased by 3.3% compared to the same period a year earlier, with the average house price rising and hitting a new record of £230,280, according to the most recent Halifax House Price Index
07/08/2018
Almost 80% of adults in the UK have made a contactless payment in the last year, with over 19 million (37%) stating that contactless is their first-choice payment method for purchases under £30, according to new research from GoCompare Money
06/08/2018
The Serious Fraud Office’s (SFO) application to resurrect its case against Barclays over a £2.3bn loan to Qatar could be heard in October
06/08/2018
Clydesdale Bank’s owner has recently confessed that Richard Branson and his associates could bring the bank’s brand into “disrepute”, ahead of its proposed takeover of Virgin Money for £1.7bn
06/08/2018
Experts have claimed that millions of people could benefit from a better return on their savings by switching deals rather than waiting for banks to increase rates, with the city regulator stating that they are missing out on up to £480m in interest
06/08/2018
Foundation Home Loans has recently announced the launch of its lowest ever fixed rates with its new ‘Summer Special’ buy-to-let (B2L) product, specifically created for individuals, portfolio landlords and limited companies
03/08/2018
The deficit of the FTSE 350 grew by £3bn over July as the overall deficit grew from £29bn to £32bn, Mercer has said
03/08/2018
Despite Royal Bank of Scotland (RBS) seeing profits fall in the first half of 2018, the bank has announced that it will be paying 2p per share as an interim dividend as soon as its $4.9bn (£3.8bn) settlement with the US Department of Justice (DoJ) over mortgage-backed securities was completed
03/08/2018
Commenting on the Bank of England’s (BoE) recent decision to increase its base rate by 0.25%, rising to 0.75%, TMA director David Copland said that the decision was “no surprise” and will provide the bank with “wriggle room” to reduce rates again, if needed, as we approach Brexit
03/08/2018
MPs have recently said that all organisations with more than 50 employees should publish details of what they pay the men and women in their organisation
02/08/2018
The Bank of England has hiked its interest rates from 0.5% to 0.75%, only the second rise since 2009
02/08/2018
Rental prices in the UK, excluding London, increased by 1.18% in the 12 months to July 2018, representing the slowest annual rental increase in five years, according to the figures from Ladbay’s most recent Rental Index
02/08/2018
Over a third (37 per cent) of eligible employees are unaware that they have been enrolled into a pension by their employer, according to the latest data from the Office for National Statistics
02/08/2018
After ten years of deficits, FTSE 100 pension schemes have moved into surplus, according to the most recent JLT Employee Benefits (JLT) monthly index
01/08/2018
Lenders have recently made a voluntary commitment to help thousands of ‘mortgage prisoners’ that are currently paying high interest rates with a potential offer to move to a better, more suitable deal
01/08/2018
Howeowners taking out a mortgage with one of the UK’s big six lenders could be paying almost £900 more by choosing the lowest rate deal, revealed online mortgage broker Trussle
01/08/2018
The Financial Conduct Authority (FCA) is consulting on rules and guidance to improve conduct standards and communications in the payment services and e-money sectors
01/08/2018
According to Nationwide’s most recent House Price Index published this morning, annual house price growth rose 2.5% in July, up from the 2% figure reported last month
01/08/2018
Following the publication of HMRC’s annual inheritance tax statistics today, MHA MacIntyre Hudson tax partner Nigel May argues that inheritance tax (IHT) is unfit for purpose and requires urgent reform
31/07/2018
The number of transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) fell from 9700 in 2016 to 2017 to 4,700 in 2017 to 2018, according to latest figures published by HMRC
31/07/2018
The second quarter of 2018 saw £2.27bn flexibility withdrawn through pension freedoms by 264,000 individuals, the most since the introduction of freedoms in 2015, HMRC has revealed
31/07/2018
Workers that are employed by organisations such as Uber and Deliveroo could have the tax that they owe taken at source, despite many of them being considered as self-employed, according to leading accounting, tax and advisory firm Blick Rothenberg
31/07/2018
Over half, 53 per cent, of pension schemes leave it to the point of retirement, or within a year, before first contacting members about their retirement options, new research has found
30/07/2018
Cashing in small pension pots at age 55 to rely on state benefits in retirement could leave thousands of people vulnerable and struggling to achieve an acceptable income in later life, suggested new analysis from Just Group
30/07/2018
FTSE 100 DB schemes recently took “significant” steps to combat investment mismatching over the year to 31 December 2017, according to the most recent report from JLT Employee Benefits (JLT)
30/07/2018
The UK’s largest banks are set to receive a profit boost of at least £500m as the Bank of England (BoE) prepares to raise interest rates the second time in 10 years
30/07/2018
In the recent Treasury Select Committee report, it states that responsibility for improving overall levels of household net saving sits “more appropriately” with the government and HM Treasury, rather than the financial regulators
27/07/2018
The Financial Conduct Authority (FCA) recently revealed that the majority of credit card repayments are repaid manually and not by credit card, according to the regulators outcome of a programme of behavioural research
27/07/2018
Following a post-implementation review of its crowdfunding rules, the Financial Conduct Authority (FCA) is opening a consultation on new rules for loan-based crowdfunding platforms
27/07/2018
With the use of cash declining and digital payments increasing, a new independent review has been set up to look at the impact on consumers over the next 5 to 15 years and examine future needs
27/07/2018
The Financial Conduct Authority (FCA) has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, former directors and shareholders of the dissolved Secure My Money (SMM) online consumer credit broker
26/07/2018
For the first time in almost 30 years, UK households have seen their outgoings surpass their income, spending an average of £900 more than they received in income in 2017, amounting to almost £25bn, according to the latest data from the Office for National Statistics (ONS)
26/07/2018
Paradigm Mortgage Services has recently announced that it has added Masthaven Bank to its lender panel
26/07/2018
The latest statistics from Accountant in Bankruptcy (AiB) for the first quarter of 2018/19 revealed that total personal insolvencies, including bankruptcy and protected trust deeds (PTDs), increased by 11.8% when compared to the same period for 2017/18 in Scotland
26/07/2018
Greater London has experienced a sharper rise in asking rent prices than anywhere else in the UK for the first time in over three years, according to new statistics from Rightmove
26/07/2018
The Treasury Committee is proposing the abolition of the Lifetime ISA (LISA) and has called for the scrapping of the LTA limit around pension tax relief
26/07/2018
During the 2016/17 tax year, inheritance tax (IHT) drew £4.7bn from UK consumers, and this figure is expected to rise by a third more over the next five years, according to WAY Investments
25/07/2018
More than half (55%) of homeowners aged 55 were unaware that the cash lump sum they would receive from releasing equity in their home is tax free, according to a recent survey conducted by SunLife
25/07/2018
Over the past 12 months, adults in the UK have been saving an average of 7% (£1,798) of their pre-tax income, compared to 8% (£1,832) last year, according to specialist bank Aldermore which recently published its annual Savings Index
25/07/2018
British citizens who retire in the European Union could find it “illegal” to be paid their private pension in the case of a no-deal Brexit, MPs have heard
25/07/2018
According to new research from leading fine wine investment firm Cult Wines, 66% of advisers and wealth managers say certain investors should consider diversifying their portfolios though fine wine
25/07/2018
The Financial Conduct Authority (FCA) has recently issued a discussion paper on whether it should introduce a Basic Savings Rate (BSR) in order to support those savers who leave their money sitting in an easy access savings account
25/07/2018
Estimated gross mortgage lending for the total market in June is £23.5bn, 2.1% higher than the figure recorded last year, according to the latest UK Finance Household Finance Update – June 2018
25/07/2018
Legal & General Mortgage Club director Kevin Roberts said “overall housing transaction figures are stagnant”, following the publication of data from HM Revenue and Customs (HMRC) which revealed that property transactions decreased by 3% between May and June, falling to 96,370
24/07/2018
Over 80 per cent of pension decision makers have highlighted cost-efficiency as their greatest concern, new research has found
24/07/2018
The Payment Systems Regulator (PSR) has today announced that it plans to carry out a market review into card-acquiring services, and has published draft terms of reference consultation
24/07/2018
Specialist mortgage lender for intermediaries Vida Homeloans has recently reduced several five-year fixed rate buy-to-let (B2L) products by up to 0.75 per cent
24/07/2018
The government delays in implementing the cold-calling ban and the pensions dashboard are consequences of the Brexit process, Aegon has said
23/07/2018
The Financial Conduct Authority (FCA) has been reported to the Information Commissioner’s Office (ICO) in an attempt to force the authority to reveal what action it is taking against those firms failing to comply with Mifid regulations
23/07/2018
Household inflation expectations hit a 19-month low in July while job security rose, according to the seasonally-adjusted IHS Markit Household Finance Index
23/07/2018
Around one in 10 people who are planning to retire this year expect to withdraw their entire pension savings in one lump sum, according to Prudential
23/07/2018
Following the publication of HM Revenue and Customs (HMRC) receipts up to June 2018, the amount taken by the taxman in the first quarter of the financial year was £142bn, an increase of approximately £5.2bn year-on-year
20/07/2018
The Association of British Insurers (ABI) has said there is “no credible reason” for the dashboard to be killed off, a letter to the Work and Pension Committee has revealed
20/07/2018
Homemovers accounted for approximately 49% of the housing market in the first six months of 2018, a considerable drop compared to 2011 when they accounted for 62% of the market, and below first-time buyers for the first time since 1995, according to the latest Lloyds Bank Homeowner Review
20/07/2018
HSBC Broking Securities (Asia) has been reprimanded and fined HK$9.6m (£960,000) for “systematic deficiencies” in its bond-selling practices by Hong Kong’s financial regulator
20/07/2018
Banks and insurers should start preparing for a hard Brexit as the deadline to the UK’s withdrawal from the EU nears, the Financial Conduct Authority (FCA) said yesterday
20/07/2018
The Financial Conduct Authority (FCA) should be doing more to prevent huge numbers of complaints from ending up at the Financial Ombudsman Service (FOS), Richard Lloyd said while addressing the Treasury select committee yesterday evening, following his review of the FOS
19/07/2018
Almost a quarter of millennials believe they will never be able to afford to give up working, with a fifth believing that the state pension will no longer be on offer when they reach retirement age, it has been found
19/07/2018
A Gloucester security services company director, who was jailed for stealing almost £500,000 in tax, has been ordered to pay back £67,424 or face an additional two years in jail and still owe the money
19/07/2018
Lloyds lost market share in UK mortgages last year as Royal Bank of Scotland (RBS), HSBC and other challenger banks gained, according to the figures published by UK Finance yesterday
19/07/2018
The Financial Conduct Authority (FCA) has recently revealed that it may force platforms to transfer clients they suspect are no long receiving advice to accounts that do not pay an ongoing fee to the adviser
18/07/2018
Average house prices in the UK have increased by 3% in the year to May 2018, a decrease from the 3.5% figure reported in April, the lowest annual rate experienced since August 2013, according to the latest statistics from the Office for National Statistics (ONS) published in its UK House Price Index: May 2018
18/07/2018
The number of people in retirement has dropped by 265,000 over the five-year period from March to May 2013 to March to May 2018, according to the Office for National Statistics' (ONS) July UK Labour Market report
18/07/2018
Lloyds Banking Group plans to operate three subsidiaries in continental Europe once the UK has left the EU, according to a source close to the matter, as it appears Brexit is fragmenting a banking industry that has been long concentrated in London
18/07/2018
The Banking Competition Remedies (BCR), the company set up to disperse £775m from Royal Bank of Scotland (RBS) to address competition concerns, has recently announced that it will begin handing out the awards in February 2019
17/07/2018
The government should set a “swift timetable” to allow companies to create collective defined contribution (CDC) schemes, as the opportunity presents a “new Beveridge” for pensions, the Work and Pensions Committee has said
17/07/2018
Growth in Britain’s salaries continued on a downward trend in April, according to the most recent figures from the Office for National Statistics (ONS), casting doubt on Bank of England (BoE) economists’ argument that rising wage pressures will require interest rates to rise
17/07/2018
National Savings and Investments (NS&I) has recently announced that it is reducing its interest rate on its Direct ISA by 25 basis points from 1% tax free to 0.75% tax free from 24 September 2018
16/07/2018
The UK’s banks recently tightened up lending standards on unsecured loans in the second quarter of 2018, following concerns in relation to potential “pockets of risk” in the British financial system, a Bank of England (BoE) survey suggested
16/07/2018
The Pensions Regulator (TPR) has claimed that it has become a “more visible and proactive regulator” that is working in a “clearer, quicker and tougher way” in its annual report and accounts, which show that its spending rose by £8.7m in the last financial year
16/07/2018
Economists have predicted that data this week will reveal a rise in inflation from June, in a development that would boost the hawks on the Bank of England (BoE) ahead of a crucial decision on interest rates in August
16/07/2018
HMRC has recently announced that it is refusing to rethink its current position on the taxation of pension freedoms withdrawals, which many firms, such as AJ Bell, feel will deliver a “bitter blow” to millions of savers
13/07/2018
The Pensions Ombudsman (TPO) has seen a 26 per cent increase in the number of cases it accepted for investigation in the past year, it has revealed
13/07/2018
The Bank of England (BoE) yesterday announced that it will broaden the scope of its bank stress tests to allow room for additional buffers designed to protect the UK’s financial system
13/07/2018
The Financial Conduct Authority (FCA) boss Andrew Bailey yesterday said that the “pace of that transition is not yet fast enough”, when commenting on the pace of banks move from the Libor rate
13/07/2018
The most popular defined contribution investment funds chosen by members who actively invest have beaten default strategy returns by 4.75 per cent over the last five years, it has been found
13/07/2018
London house prices are set to drop as much as two per cent this year, according to a report from PwC which suggested fresh evidence of a slump in the capital’s property market
13/07/2018
The government should halt its plans to switch off support for schemes trying to reconcile their Guaranteed Minimum Pension (GMP) records with those held by the State in October, Willis Towers Watson has argued
12/07/2018
Knowledge Bank has recently announced the development and introduction of its criteria search system, application programming interface (API)
12/07/2018
In May, there were 32,200 new first-time buyer mortgages completed, representing an 8.1% increase compared to the same month a year earlier, according to the latest figures from UK Finance’s Mortgage Trends Update
12/07/2018
Retired homeowners released £1.71bn of property wealth in the first six months of the year, as the equity release market continued its record-breaking expansion, according to the latest data from Key Retirement’s H1 2018 Equity Release Market Monitor
11/07/2018
The Pensions Regulator has fined Rentokil Initial’s pension fund £25,000 earlier this year for failing to complete two valuations for its Initial Hospital Service Limited No.1 defined benefit scheme, it has emerged
11/07/2018
The good news for England fans is that our pension system is considerably better than our football team, or so analysis by Scottish Widows would have you believe
11/07/2018
UK challenger bank and specialist buy-to-let (B2L) lender Paragon has announced that it is extending its portfolio mortgage products to the Scottish market, available for limited company landlords, houses in multiple occupation (HMOs) and multi-unit blocks
11/07/2018
Pension funds could earn around 8 per cent a year undertaking a bank capital relief strategy, it has been said
11/07/2018
The Bank of England (BoE) should prevent house prices from rising by imposing mortgage restrictions on buyers in the UK, according to a new report from think tank The Institute for Public Policy Research (IPPR)
11/07/2018
Flexibility is the number one priority for retirees when it comes to managing their savings, Aegon has found
10/07/2018
The number of taxpayers over the age of 65 has nearly doubled from 3.32 million in 1995-96 to 6.49 million in 2015-16, Royal London has found
10/07/2018
Only 28% of 18-24 year olds know what shared ownership is and how it works, with only 19% of property buyers in the last ten years using a government buying scheme to secure their property, with a smaller 6% having used the shared ownership scheme, according to research from TotallyMoney
10/07/2018
New research from Gatehouse bank has revealed that 79% of Shariah-compliant banks now offer better savings rates than the market average, with its product trumping easy access accounts, fixed term accounts, and 30, 60 and 90 day notice accounts
10/07/2018
The specialist mortgage lender for intermediaries Vida Homeloans has “revamped” its fee saver residential mortgage range, with properties up to £500,000 now qualifying for a free valuation and £49 assessment fee
10/07/2018
An estimated 43 per cent of people think they will still be renting their home when they reach 70 years of age, Aegon has found
09/07/2018
Mastercard is exploring the possibility of trialling its fingerprint-scanning cards in the UK, as the second Payment Services Directive (PSD2) tackles financial fraud head on
09/07/2018
The Bank of England’s talk over a potential interest rate increase is “ill judged”, according to the British Chamber of Commerce (BCC), as new data indicated continued sluggish growth in the UK economy
09/07/2018
Barclays will double its cap on unsecured lending to small businesses from £50,000 to £100,000 in a bid to increase its lending volumes
09/07/2018
A Financial Conduct Authority (FCA) working group has made five recommendations regarding the consistent and standardised disclosure of costs and charges to investors
06/07/2018
New figures released by the Finance & Leasing Association (FLA) found that consumer finance new business grew by 11% in May 2018, compared to the same month last year
06/07/2018
The value of new business in the second charge mortgage market in May 2018 was equal to £88m, representing a slight decline of 1% on the previous year, according the latest figures from the Finance & Leasing Association (FLA)
06/07/2018
House prices in the UK in the three months to June 2018 were 1.8% higher than in the same period a year earlier, proving to be marginally lower than the 1.9% annual growth reported last month, according the latest Halifax House Price Index
06/07/2018
HMRC has recently announced that it is refusing to rethink its current position on the taxation of pension freedoms withdrawals, which AJ Bell has said will deliver a “bitter blow” to millions of savers
05/07/2018
The pensions industry has expressed unanimous support for the new Pensions and Lifetime Savings Association (PLSA) report, hailing it as a “milestone” moment for the debate on pensions adequacy
05/07/2018
Money laundering in the UK is now a “very big problem”, admitted NCA director of prosperity Donald Toon and SFO interim director Mark Thompson to a treasury committee yesterday, revealing that £150bn or more is laundered here annually
05/07/2018
Equity release lender more 2 life has recently revealed that unsecured debt amongst 55 to 74 year olds has risen by more than a third over the past four years, which is twice as fast the national average
05/07/2018
Rental costs in London rose by 0.10% in the 12 months to June 2018, the first annual rental increase in the capital for 18 months, according to the data from the Landbay Rental Index
05/07/2018
The Financial Conduct Authority (FCA) has been instructed to pay an investor £22,000 because its “woefully inaccurate” register resulted in them falling victim to a scam
04/07/2018
More than a third of London investors believe that property is no longer a good investment, according to new research from Rathbones
04/07/2018
Members of the Bank of England’s (BoE) financial policy committee (FPC) have expressed concerns that UK banks’ capital buffers may not be adequate when faced with riskier lending and increasing dangers to the global financial system
04/07/2018
Interest rates may need to increase faster than markets are pricing, according to the Bank of England’s (BoE) monetary policy committee (MPC) member Michael Saunders
04/07/2018
InterBay Commercial, part of specialist lending and retail savings group OneSavings Bank (OSB), has partnered with Legal & General Mortgage Club to offer the club members access to InterBay’s range of commercial, semi-commercial, B2L, HMO and bridging products
03/07/2018
BT Pension Scheme (BTPS) has completed the sale of its majority interest in Hermes Investment Management for £246m to US investment giant Federated Investors
03/07/2018
Over one third of high-net-worth investors (HNWI) in the UK feel more optimistic about the impact of Brexit compared to a year ago, according to new research from investment firm Rathbones
03/07/2018
HSBC has finished setting up its ringfenced bank, making it the latest of the UK’s largest lenders to complete the key post-financial crisis reform
03/07/2018
Banks could potentially have to fork out billions more on mis-sold payment protection insurance (PPI) claims following a legal ruling yesterday
03/07/2018
Paradigm Mortgage Services has today announced that private bank Hampden & Co has joined its lender panel, allowing its members to introduce high net-worth clients to the bank and granting it access to its range of lending products
02/07/2018
The oversight for running and managing the cheque paper and cheque image clearing systems was recently passed over to the board of the New Payment System Operator (NPSO) as the system operator yesterday, 1 July 2018, while the Cheque and Credit Clearing Company Limited (C&CCC) became a subsidiary of the NPSO
02/07/2018
More than one in four people think that they will still be working in some capacity once they reach 70, according to Aegon
02/07/2018
Short interest in shares in London-based Metro Bank has risen sharply as investors bet on a share issue, according to data from IHS Markit
02/07/2018
The quarterly national accounts reveal that the UK economy has grown by 0.2% in Q1 2018, revised up from the second estimate of 0.1%
29/06/2018
Fiduciary managers are increasingly allocating assets away from equities and into bonds and alternatives, with a “colossal” spread in allocations, data from IC Select has revealed
29/06/2018
Despite homeowners being able to potentially save almost £300 per month by switching mortgage providers, 58% of them are put off by the jargon-filled contracts, revealed data from Habito
29/06/2018
As the financial industry evolves, with more products being introduced and far more complex and advanced technological developments being implemented, Goji Investments head of distribution David Beacham says that “the advice sector is more driven by regulation than ever before”
29/06/2018
Financial services companies will be subject to “cyber stress tests” to establish whether they would be able to recover in the event of a major breach, the Bank of England (BoE) said yesterday
28/06/2018
The government should consider ‘decoupling’ the tax-free lump sum a person can withdraw from their pension from other decisions relating to their pension
28/06/2018
Mortgage advisers who offer clients access to retirement interest-only (RIO) mortgages but do not have an equity release ‘outlet’ could be creating potential problems in the future, said Hodge Lifetime national account manager James Young
28/06/2018
As some buy-to-let (B2L) lenders are not regulated by the PRA, there are problems caused in the marketplace that could ultimately lead to landlords having to tackle increased levels of regulation inf the future, according OneSavings Bank national account manager Emily Machin
28/06/2018
The FCA has recently estimated that 37 per cent of consumers could receive more retirement income from their pot every year by investing in a mix of assets rather than cash, despite consumers welcoming the pension freedoms, in its consultation that accompanied the final report of the Retirement Outcomes Review
28/06/2018
Fintech provides “risks and opportunities” for the UK, but the government is “completely committed” to bringing the sector to fruition, Economic Secretary to the Treasury and City Minister John Glen has said
27/06/2018
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to the fear of draining their retirement fund too quickly, warned the latest research from Zurich
27/06/2018
A new report compiled by the Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to dismiss the idea of auto-enrolling self-employed workers
27/06/2018
UK annual house price growth softened to 2% in June, after reaching an annual growth rate of 2.4% in May, according the latest figures from the Nationwide House Price Index
27/06/2018
Estimated gross mortgage lending for the total market in May was £22.2bn, 8.8% higher than the figures reported in May 2017, according to the latest statistics from UK Finance
26/06/2018
Vida Homeloans is the first specialist mortgage lender to join the Joint Borrower Sole Proprietor (JBSP) market sector, launching its Helping Hand product to assist parents in getting their children onto the housing ladder without being on the title deeds and jointly owning the property
26/06/2018
Kent Reliance, a member of the OneSavings Bank group, has recently announced that the option to remortgage a property from day one will now be offered to all intermediaries for residential and buy-to-let loans
26/06/2018
A new code to combat pension scams has been published, providing a good practice guide for trustees, providers and administrators
25/06/2018
The government has said it is “not convinced of the merits” of default decumulation pathways as their implementation would be “inconsistent” with pension freedoms
25/06/2018
Two years on from the Brexit vote, the gap in performance between internationally and domestically focused UK-listed stocks is at a record high as the weak pound takes effect
25/06/2018
Royal London pension customers can now access a range of sustainable funds managed by Royal London Asset Management at no extra cost through their workplace and individual pension plans
25/06/2018
Following an invitation from the FCA for comment on its recent Mortgages Market Study Interim Report, Equity Release Supermarket has written a letter supporting the regulator’s conclusion that the equity release market needs to do more to support its consumers
25/06/2018
In its response to a government review of inheritance tax, Royal London has called for cohabiting couples to receive the same tax treatment as those who are married or in civil partnerships
22/06/2018
The administrators of a master trust failed to report the fact that they had not collected or invested nearly £900,000 of pension contributions on behalf of their members
22/06/2018
The government borrowed the smallest amount of money from markets in May since 2005, falling by £2bn, compared with last year when borrowing reached £5bn in May, according to the latest figures from the Office for National Statistics
22/06/2018
The latest figures from UK Finance revealed that almost £25m worth of fraud has been prevented, while 197 arrests have been made, thanks to the introduction of the Banking Protocol, a scheme aimed at identifying and protecting potential fraud victims when they visit a bank or building society branch
22/06/2018
The banking sector has emerged with the best defined benefit pension deficit in the FTSE 100, research from Barnett Waddingham has found
21/06/2018
Later life advisers have the opportunity to broaden their range of services to clients reaching, or in, retirement from a “silo approach” to “an ensemble” proposition in order to cover a much wider range of needs, according to PFS business development director Tony Miles
21/06/2018
Despite 61% of UK adults having saved over £1,000, almost one in four are reluctant to invest their personal savings, according to new research from Oaksmore ISA, with savers opting to leave their funds in bank accounts which attract little or no interest
21/06/2018
The Financial Reporting Council (FRC) has excluded Russell McBurnie, the former Finance Director of RSM Tenon Group (RSM Tenon), from the accountancy profession for a recommended period of five years
21/06/2018
The vast majority of these are likely to be people quitting guaranteed defined benefit schemes in favour of more flexible defined contribution plans
21/06/2018
The average death in service benefit would leave Brits an average £67,678 shortfall on their mortgage
21/06/2018
AJ Bell is urging the government to exempt pensions and ISAs from inheritance tax (IHT) as part of a drive to simplify the UK savings landscape
21/06/2018
A trustee of the Optimum Retirement Benefits Plan has been suspended by The Pensions Regulator after police launched an investigation into pension fraud
20/06/2018
Almost half, 48 per cent, of final salary pension holders have voiced their interest in releasing equity in their home to boost their retirement savings, while 27 per cent of personal pension savers would do the same, Hoxton Capital Management has found
20/06/2018
UK taxpayers who fail to disclose offshore income or gains, either by failing to notify HMRC of their chargeability to UK tax, failing to deliver a tax return or by submission of an incorrect tax return will face imprisonment and swinging penalties, Blick Rothenberg has said
20/06/2018
Two million defined contribution savers that received and read their annual statement said they did not understand it, according to the Financial Conduct Authority, with many savers displaying a vulnerability to financial harm
20/06/2018
Nearly six in ten UK adults have no cash savings or savings of less than £5,000, according to the FCA’s recent Financial Lives Survey
20/06/2018
Lloyds Banking Group and consultancy firm KPMG came under renewed pressure yesterday following the publication of a report into an historic fraud case at HBos’s Reading branch.

The internal report came from an ex-employee from within Lloyds Bank, and detailed allegations of criminal misconduct by senior bank employees and auditors surrounding the handling of the incident. According to the report, top executives at HBos understated the extent of liabilities left by the fraud to regulators and to shareholders ahead of the takeover of the bank by Lloyds in 2009, while also alleging serious misconduct by auditors KPMG
20/06/2018
Just a few days remain to enter the MoneyAge Awards 2018
20/06/2018
Just 11% of investors would use robo-advisers in the future, new research from IW Capital has revealed, with 11.9 million investors nationwide saying they do not/would not trust an online wealth manager to manage a proportion or all of their investable assets
19/06/2018
The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn
19/06/2018
Nine out of ten workers are ‘financially sleepwalking’ into retirement, new research has revealed
19/06/2018
The government is facing questions over how it will find the extra £20bn a year Prime Minister Theresa May has promised for the National Health Service.

The money is expected to come from a combination of increased government borrowing, freezing existing tax thresholds and higher taxes (assuming economic growth doesn’t vastly outstrip current expectations)
18/06/2018
Fintech is going to play a “hugely positive role” when it comes to increasing people’s engagement with their retirement savings, the Pensions and Lifetime Savings Association policy lead: engagement, EU and regulation James Walsh has said
18/06/2018
A total 13.2 billion card payments were made at the end of 2017, compared to 13.1 billion cash payments, therefore overtaking the latter for the first time, according to the latest UK Payments Market report
18/06/2018
Equitable Life is to shut down in 2019, with the closure of its With Profits Fund, which will
create an average windfall of £6,900 for policyholders
15/06/2018
Kent Reliance launches income backed BTL for limited companies and individual lending
15/06/2018
West One Secure Loans is now able to offer residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland, the lender has announced
15/06/2018
Knowledge Bank has announced the launch of its new monthly criteria activity tracker to keep brokers and lenders up to date with criteria movements in the mortgage and loan sectors
15/06/2018
There was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36% and buy-to-let remortgages up 32.4% compared to the same month a year earlier according to UK Finance’s latest Mortgage Trends Update
14/06/2018
Foundation Home Loans has increased its borrowing limits and reduced rates across its buy-to-let range, including products for limited companies and individuals with prior landlord experience financing a HMO
14/06/2018
The inheritance tax gap has grown to £600m in 2016/17, rising 50% from £400m five years ago in 2012/13, according to new statistics published by HMRC
14/06/2018
Almost one fifth of pension savers would opt for a “green pension”, with those under 30 twice as likely to choose the eco-friendly option than those over 50, PensionBee research has found
14/06/2018
Just one in five of people who are approaching retirement age are saving enough to maintain their lifestyle, according to research by Aegon
14/06/2018
Pensions Minister Guy Opperman has confirmed that the terminally ill are not permitted to access their state pension earlier than the set age
14/06/2018
Men are over twice as likely to have their pensions reviewed by a financial advice firm, according to research by Selectapension
13/06/2018
The Financial Reporting Council (FRC) has sanctioned PwC, along with one of its former audit partners, following an investigation into BHS’ 2014 audits
13/06/2018
Average house prices in the UK have increased by 3.9% in the year to April 2018, a decrease on the 4.2% figure released in March 2018, according to the latest UK House Price Index published by HM Land Registry and Office for National Statistics
13/06/2018
The UK mortgage market “boasted” substantial growth between April and May, with first-time buyers among the main beneficiaries, according to the latest Mortgage Monitor from e.surv
13/06/2018
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Adam Cadle talks to Vida Homeloans director of sales - mortgages Louisa Sedgwick about the specialist first time buyer and buy to let markets

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