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Three quarters (75 per cent) of UK defined benefit pension schemes are paying out higher benefit payments than they are receiving in contributions, Buck has revealed
18/06/2019
The ‘Bank of mum and dad’ (BoMaD) will lend £6.3bn in 2019, rising 10 per cent from £5.7bn in 2018, making the ‘lender’ the eleventh largest in the UK, research from Legal & General (L&G) and Cebr revealed
18/06/2019
Facebook expects its cryptocurrency ecosystem called Calibra, including a digital currency and wallet, to go live in 2020
18/06/2019
Roughly 1.75 million low earners in net pay pension schemes are missing out on up to £111m of pensions tax relief, research from Now Pensions has found
18/06/2019
A group of 88 investors, including the Environment Agency Pension Fund (EAPF), have urged 707 of some of the world’s largest companies to start disclosing their environmental information
18/06/0219
Jointly-developed artificial intelligence (AI) systems hold great potential for tackling common security issues, according to a new Euro Banking Association (EBA) report
17/06/2019
According to a Freedom of Information (FOI) request submitted by AJ Bell, 286,000 Lifetime ISA (LISA) accounts have been opened since the savings product launched in April 2017
17/06/2019
Newbury Building Society has become the latest lender to join the Equity Release Club’s retirement lending panel
17/06/2019
A report commissioned by the Labour party has suggested replacing inheritance tax (IHT) with a lifetime tax on all gifts from parents to their children in excess of £125,000
17/06/2019
Wealth managers believe that delivering highly personalised services is essential to achieve a competitive differentiation, but a third are being held back from doing so by old technology
17/06/2019
The asking price of newly-marketed property prices neared a record high in June, driven by a number of regions defying a market slowdown amid political uncertainty, data from Rightmove suggested
17/06/2019
Retirement savers in the UK are expected to outlive their savings by over a decade, according to new research from the World Economic Forum (WEF)
17/06/2019
Since its launch in April 2013 up until December 2018, 211,000 loans with a value of £11.7bn had been lent to homeowners via the Help-to-Buy scheme, according to figures published by the National Audit Office (NAO).

In its latest Help to Buy: Equity Loan scheme – progress review, the office revealed that between April 2013 and September 2018. 38 per cent of all new-build property sales have been supported by loans through the scheme, accounting for around 4 per cent of all house purchases during this period
14/06/2019
More than 5 million Britons (10 per cent) have fallen victim to a financial scam at some point in their lives, according to new research published by Lloyds Bank and YouGov, while a quarter know of someone that has been fooled by a fraudster
14/06/2019
Another of Neil Woodford’s funds, the Income Focus fund, has shrunk by more than £100m in less than two weeks, with Hargreaves Lansdown withdrawing £45m
14/06/2019
During his speech, Financial resilience and economic earthquakes, at the University of Warwick yesterday, Bank of England (BoE) senior official Alex Brazier emphasised that suspending funds can be a “double-edged sword”
14/06/2019
The Monetary Authority of Singapore (MAS), the Bank of England (BoE) and the Financial Conduct Authority (FCA) announced that they will be working together to strengthen cyber security in their financial sectors
14/06/2019
If Boris Johnson were to win a general election, deVere Group CEO and founder Nigel Green has warned that UK asset prices and the pound would tumble
13/06/2019
Almost half (45 per cent) of those over the age of 30 are most likely to ask their parents for financial support, according to research from Portafina
13/06/2019
There were 27,370 new first-time buyer (FTBs) mortgage completion in April 2019, 7.9 per cent more than in the same month in 2018, suggesting that prospective homeowners are displaying resilience despite uncertainty
13/06/2019
Transfer values were recorded at £241,500 over May, close to the £251,000 peak recorded in March, XPS Pensions Group has revealed
13/06/2019
More than seven million people in the UK were left unable to use their debit or credit cards due to an IT or technical crash in the last year, according to research from Which?
13/06/2019
The rising level of employment is being driven by older workers as state pension age changes, improved life expectancy and transitional retirement’s growing popularity take effect
12/06/2019
Following the comments from Michael Saunders, highlighting that the Bank of England’s (BoE) Monetary Policy Committee (MPC) will need to vote in favour of a rate rise ahead of expectations, a further two members have warned that the central bank is on track to increase rates several times over the next couple of years
12/06/2019
Just under 40 per cent of self-employed borrowers are making “worrying lifestyle changes” and professional sacrifices in a bid to start the climb on the property ladder, new research from online mortgage broker Trussle revealed
12/06/2019
The number of over 50s not just supporting their children, but also their grandchildren, is increasing, as the older generations gift £53bn per year to their families, research from Saga Money has revealed
12/06/2019
After dropping to a low of £6.4bn at the end of last month, the Pension Protection Fund has revealed the aggregate deficit of schemes in the PPF 7800 Index jumped up to £69.9bn at the end of May 2019
12/06/2019
New research has found consumer openness to alternative payment options - including wearables and smartphones - although acceptance of cashless payments comes with a high degree of concern surrounding the ability to secure these devices
12/06/2019
A third of self-assessment taxpayers do not pay as much tax as they are required to, resulting in the Treasury missing out on £8bn per year and contributing to the annual ‘tax gap’ of £30bn revenue that goes uncollected, new research has revealed
11/06/2019
The outstanding value of all residential mortgage loans was £1,451bn in the first quarter of 2019, 3.4 per cent higher than in the same period last year, despite Brexit uncertainties amounting
11/06/2019
The Bank of England (BoE) may be required to raise interest rates ahead of financial market’s expectations, according to central bank policymaker Michael Saunders
11/06/2019
The number of pension transfers with reports of scam ‘red flags’ has increased by 21 percentage points over the past year, according to XPS Pensions Group
11/06/2019
Amazon and Synchrony have announced the launch of the Amazon Credit Builder card, for customers who are looking to build or rebuild their credit responsibly
11/06/2019
The Financial Conduct Authority (FCA) has come under scrutiny from the Treasury Select Committee (TSC) over the suspension of Neil Woodford’s LF Woodford Equity Income Fund
11/06/2019
Traditional retail banks are lagging behind in terms of blockchain adoption, potentially losing out on customers and competitive advantage
11/06/2019
Plans announced by Boris Johnson, who is standing to be leader of the Conservatives, to raise the higher rate income tax threshold from £50,000 to £80,000 would have a knock-on impact for pensions tax relief
11/06/2019
Boris Johnson’s vow to cut income tax for higher earners is “half-baked”, according to deVere Group CEO Nigel Green
10/06/2019
The Association of Consulting Actuaries is in favour of allowing younger pension savers the flexibility to access their pensions to use towards a deposit for a house, provided there are ‘sufficient safeguards’ it has said
10/06/2019
Tory leader contender Boris Johnson pledged to cut income tax bills for those earning more than £50,000 a year, if he wins the race to succeed Theresa May as Prime Minister
10/60/2019
As of 4 June 2019, the Financial Conduct Authority (FCA) has imposed a number of requirements on Allied Wallet, with the firm no longer able to carry on any regulated activities
10/06/2019
International digital remittances will reach $525 billion by 2024, up from an estimated $332 billion in 2019, with mobile and blockchain solutions becoming increasingly popular
10/06/2019
All pension schemes should appoint a pensions manager to oversee their investment responsibilities, a leading chief investment officer (CIO) has suggested
10/06/2019
The Financial Conduct Authority (FCA) has today announced it is introducing reforms to fix a “dysfunctional overdraft market”, in a bid to make them simpler, fairer and easier to manage
07/06/2019
The government has estimated that it would cost a total of £181.4bn to reverse the state pension age (SPA) for women back to 60 between now and 2025/26
07/06/2019
Average house prices in the UK creeped up to £237,837 in May, representing an annual increase of 5.2 per cent, according to the latest Halifax House Price Index
07/06/2019
JP Morgan Chase is to close its mobile-only bank for Millennials, Finn, just a year after it was launched across the US
07/06/2019
UK consumers are taking a ‘pick n mix’ approach to how they make payments, with mobile banking, mobile payments and contactless all becoming increasingly popular, according to research by UK Finance
07/06/2019
Pension fraudsters are playing the long game when it comes to scamming members, The Pensions Ombudsman (TPO) has warned
07/06/2019
The Institute of Fiscal Studies (IFS) has said that the current pensions system loads “too much risk onto individuals”
06/06/2019
Mortgage broker earnings were up 13 per cent between 2017 and 2018, rising to £1.31bn from £1.16bn, according to data collected the Financial Conduct Authority (FCA)
06/06/2019
Five banks including Royal Bank of Scotland (RBS) and Barclays have been fined £71.39m for fixing the foreign exchange market, with the Swiss competition regulator Weko stating the lenders were involved in a “three-way banana split”
06/06/2019
The Financial Conduct Authority (FCA) board has appointed Baroness Zahida Manzoor as chair of the Financial Ombudsman Service (FOS), having already been approved by HM Treasury
06/06/2019
The PRA and the FCA have published a number of observations across eight key areas linked to the transition from LIBOR to alternative interest rate benchmarks
06/06/2019
Facebook does not view itself as a payments company and is looking to partner with banks and other players in the market as it considers the role of payments and Open Banking solutions across its family of apps
06/06/2019
Following the decision to suspend his Woodford Equity Income Fund, Neil Woodford has apologised to investors, claiming to be “extremely sorry”
05/06/019
Eligible employees participating in a workplace pension increased to 87 per cent over 2018, a 3 per cent rise on the previous year, government stats have revealed
05/06/019
HSBC, Europe’s largest lender, is set to appoint Morgan Stanley as one of two joint corporate brokers to replace Goldman Sachs
05/06/019
Global incumbents should embrace partnerships with tech titans, as well as smaller FinTechs, in order to keep up with the emerging challenge posed by Silicon Valley, according to Santander’s chief digital officer
05/06/019
Women born in the 1950s that have had increases to their state pension age are heading to the High Court today as a judicial review commences looking into whether they were told about the changes sufficiently
05/06/019
Specialist lender West One Loans has announced the launch of its first charge Buy-to-Let (BTL) mortgage products
04/06/2019
Since the start of 2018, the Financial Ombudsman Service (FOS) has received 47,220 complaints in relation to payday loan providers, though only 16,940 have been resolved
04/06/2019
Pensions Minister Guy Opperman has admitted there has been a “significant problem”, as 3 per cent of online state pension forecasts were erroneous due to issues with HMRC data
04/06/2019
The difference between the average two-year and five-year fixed mortgage rate has shrunk by 0.06 per cent, from 0.42 per cent to 0.36 per cent since the beginning of the year, the lowest difference recorded in seven years.

The average two-year fixed rate has fallen by 0.03 per cent from 2.52 per cent in January 2019 to 2.49 per cent this month, while the average five-year fixed rate decreased by 0.09 per cent from 2.94 per cent to 2.85 per cent over the same period
04/06/2019
Indexes from both Mercer and PwC have revealed that the deficits of UK defined benefit pension schemes increased during May
04/06/2019
Europe’s largest lender, HSBC, has announced it will bring an end to its corporate broking relationship with Goldman Sachs, putting an end to the pair’s long relationship
04/06/2019
Following consultation, the Financial Conduct Authority (FCA) is introducing rules in the peer-to-peer (P2P) sector, “designed to prevent harm to investors, without stifling innovation”
04/06/2019
Neil Woodford’s flagship fund, the Woodford Equity Income Fund, suspended trading yesterday evening after the number of investors cashing out increased
04/06/2019
Even though Open Banking has yet to reach maturity, the financial services industry is entering a new phase of innovation that will require deeper collaboration and specialisation
04/06/2019
First-time homebuyers should be allowed to access their pension savings to help them get on to the property ladder, Housing Minister, James Brokenshire has suggested
04/06/2019
Half (47 per cent) of non-homeowning employees in the UK do not believe they will ever be able to afford to get on the property ladder, despite home ownership remaining an aspiration for 65 per cent of them
03/06/2019
One third (34 per cent) of people who accessed their pension savings via drawdown for the first time during a six-month period in 2018 did so without taking any advice
03/06/2019
Her Majesty’s Revenue and Customs (HMRC) has withdrawn its appeal in a key court case regarding savers who breach their lifetime allowance (LA) fixed protection terms
03/06/2019
An increasing number of adults in the UK now have products from a range of different financial providers, as the rise in financial technology (fintech) has drawn the attention away from traditional high street banks
03/06/2019
Banking Competition Remedies (BCR), the independent body established to implement the £775 million Royal Bank of Scotland State Aid Alternative Remedies Package, has opened the second application window for the Incentivised Switching Scheme (ISS)
03/06/2019
Six out of seven people use digital banking solutions at least once a month and 38 per cent do so on a weekly or even daily basis, according to new research
03/06/2019
Equity Release Club, the distributor for equity release and later life advisers, has today announced that Family Building Society is the latest lender to be added to its panel
31/05/2019
Average UK house prices fell 0.2 per cent in May, after growing by 0.3 per cent in April, after taking seasonal factors into account, Nationwide’s House Price Index revealed
31/05/2019
Bank of England (BoE) deputy governor Dave Ramsden yesterday argued that interest rates would need to be hiked if the UK leaves the European Union (EU) with a Brexit deal
31/05/2019
Allied Irish Bank (AIB), Bank of Ireland and Ulster Bank are piloting a blockchain platform to track and manage employee education and qualifications
31/05/2019
HSBC is preparing to cut at least 500 jobs in its investment banking division as part of a savings push
31/05/2019
A majority of fund managers are not taking into account “best practice” public voting policies on climate change, gender and ethnic diversity, research from the Association of Member Nominated Trustees (ANMT) has found
31/05/2019
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have fined Raphaels Bank £1.89m for failing to manage its outsourcing arrangements properly between April 2014 and December 2016
30/05/2019
In its latest Household Finance Update for April 2019, UK Finance revealed that deposits held in instance access accounts were 2.4 per cent higher than last April, with Growth Street CEO Greg Carter stating that savers are “unaware” that their money is “sitting stagnant”
30/05/2019
UK challenger banks have failed to break the big five bank's stranglehold on the UK's household deposits market, despite offering savers much higher levels of interest when compared to their larger rivals
30/05/2019
Deutsche Bank’s wealth management branch yesterday announced the launch of a service to offer regulated mortgages to private-banking clients in the UK
30/05/2019
The United States and United Kingdom have established the Financial Innovation Partnership to further collaboration between US Department of the Treasury and HM Treasury
30/05/2019
A quarter of UK consumers believe the High Street bank will be ‘dead’ within the next five years, according to new research
30/05/2019
Over 23 million UK workers are expected to need to work beyond the age of 65 due to cost of living increases and poor financial returns, research from Canada Life has revealed
29/05/2019
Specialist Buy-to-Let (BTL) lender Fleet Mortgages had launched four new 75 per cent LTV five-year fixes in its standard range
29/05/2019
TMA Club is urging advisers to begin proactively consulting clients who are coming towards the end of their government equity loan as part of the Help-to-Buy (HTB) scheme
29/03/2019
As financial institutions approach the September 14 deadline to comply with Open Banking legislation, two fifths of financial institutions (39 per cent) still see regulation as the biggest threat to their business model
29/05/2019
Over a third (35 per cent) of wealthy women do not invest due to a lack of confidence, compared to just 17 per cent of men, according to poll from Canaccord Genuity and YouGov
29/05/2019
Almost three-quarters (72 per cent) of organisations have been victims of financial crime over the past 12 months, with a lax approach to due diligence checks when onboarding cited as creating an environment in which criminal activity can thrive
29/05/2019
Women expect to have nearly £100,000 less in pension savings than men when they reach retirement age, according to research from Brewin Dolphin
29/05/2019
The number of mortgages approved by main high street banks in April 2019 was 5.4 per cent higher than in the same month in 2018, despite gross mortgage lending across the residential market falling 1.4 per cent to £20.3bn
28/05/2019
With the UK’s sluggish economic growth not looking likely to improve any time soon, all three major lending classes are set to grow less than two per cent this year, according to data published by the EY Item Club
28/05/2019
This year looks set to be on course for a record number of Anti-Money Laundering (AML) fines, with $7.7 billion already handed out in January to April 2019, compared to $1.16 billion worth of fines in the same period last year
28/05/2019
The number of employers providing their employees with information on their pensions has increased significantly over the past three years, according to the Department for Work and Pensions (DWP)
28/05/2019
Cyber crime and hacking offences are going unpunished in the UK, according to a new report, which claims less than one per cent of reported attacks reach prosecution
28/05/2019
Over half (52 per cent) of businesses are struggling to manage their IT infrastructure as a result of creaking legacy systems, poorly co-ordinated strategy and inadequate monitoring tools, according to a new report
28/05/2019
Any positive impact of a second Brexit referendum on financial markets would be “offset” by a win by Jeremy Corbyn’s Labour party, warned deVere Group CEO Nigel Green
28/05/2019
The Money and Pensions Service (Maps) has a total of £8.2m in funding for the implementation for the non-commercial pensions dashboard, Pensions Minister Guy Opperman has revealed
24/05/2019
Three quarters of organisations could be struggling with General Data Protection Regulation (GDPR) compliance, a year on from its introduction
24/05/2019
Prime Minister Theresa May announced she will be resigning from her post on 7 June and, according to deVere Group CEO Nigel Green, the pound and UK-based assets “could be expected to decrease in value” as a result
24/05/2019
Following the announcement that Prime Minister Theresa May will resign on 7 June, Willis Owen head of personal investing Adrian Lowcock noted that international investors are “likely to sit on the sidelines and await some clarity”
24/05/2019
Facebook is reportedly planning to launch its own cryptocurrency and digital payments in 2020
24/05/2019
In Q1 2019, £839.6m worth of equity was released, with 35 per cent of retired homeowners using this new-found wealth to clear credit card debts, while 28 per cent cleared their mortgage, data from equity release adviser Key revealed
24/05/2019
Pension professionals had a change of heart on whether the industry had learnt its lessons 10 years on from credit crisis, following a debate with industry figures
24/05/2019
In its latest Tax and NIC Receipts update, HM Revenue & Customs (HMRC) revealed a steep increase of 11.2 per cent in the amount of inheritance tax (IHT) taken from people’s estates in April, compared to April 2018
23/05/2019
Specialist lender Paragon reported a first-half profit increase due to surging commercial and residential mortgage lending volumes, despite political and economic uncertainty
23/05/2019
House prices in London plummeted 1.9 per cent in the year to March, the largest annual fall in the country, while across the rest of the UK, property prices increased 1.4 per cent, Land Registry figures revealed
23/05/2019
Businesses and consumers are losing out because UK banks are failing to prioritise fixing Open Banking outages, with 62 per cent of banks recording a fall in Open Banking availability to customers over the last quarter
23/05/2019
Robots and automated technologies are unlikely to replace human interaction in the digital banking relationships of the future, according to Wells Fargo’s ATM and branch IT chief
23/05/2019
More than a third of MPs have backed a campaign for their parliamentary pension scheme to not include investments in non-renewable energy ahead of a parliamentary debate on the subject later today (22 May)
23/05/2019
Kent Reliance for Intermediaries, part of specialist mortgage provider OneSavings Bank, has partnered with Mortgage Force to refinance a block of flats and raise capital to repay existing development finance totalling just under £13m
22/05/2019
The Consumer Prices Index (CPI) rate of inflation increased to 2.1 per cent in April 2019, up from 1.9 per cent in the 12 months to March 2019, the Office for National Statistics (ONS) has revealed
22/05/2019
Following the government’s announcement last week that it will consult on legislation to abolish Section 21 eviction (no-fault evictions), Spicerhaart Corporate Sales managing director Mark Pilling has said it “could exacerbate the problem” already being felt in the private rented sector
22/05/2019
Despite economic uncertainty during a time where house prices in the capital are stagnating, the number of first-time buyer (FTB) mortgage completions in the first quarter of 2019 was up 1.6 per cent on Q1 2018, reaching 9,410
22/05/2019
Nationwide Building Society has reported a 15 per cent fall in profits for the year, after the company committed to a spending drive on digital banking services and faced fierce competition in the home lending market
22/05/2019
New templates aimed at delivering cost transparency across the pensions industry have been launched today, 21 May, by the Cost Transparency Initiative (CTI)
22/05/2019
Specialist buy-to-let (BTL) lender Landbay conducted an independent stress test against the Bank of England’s (BoE) macroeconomic scenarios, with the results demonstrating the “robustness” of its loan book, according to CEO John Goodall
22/05/2019
Upcoming changes to accounting standards rules could leave FTSE 100 pension schemes up to £100bn worse off, twice as much as previously predicted
21/05/2019
Digital money transfer firm Azimo has partnered with NatWest Markets, as an increasing number of fintech start-ups chase seek expansion by joining forces with larger banks
21/05/2019
Retirees living in Europe have seen the purchasing power of their pension decrease by 14 per cent over in the three years since Brexit, due to volatility in the currency market
21/05/2019
Tesco Bank has announced its departure from the mortgage market, along with its intention to sell its existing £3.7bn portfolio, which could affect more than 23,000 customers
21/05/2019
The Financial Conduct Authority (FCA) and Action Fraud have warned the public to be wary of investment scams carried out via bogus online trading platforms
21/05/2019
Some of the most vulnerable consumers in society could save up to £100m a year under the Financial Conduct Authority’s (FCA) plans to overhaul unarranged overdrafts, according to its chief executive Andrew Bailey
21/05/2019
The Financial Conduct Authority (FCA) is currently investigating 30 individuals and firms for poor transfer advice, it has been revealed
21/05/2019
High corruption-risk individuals purchased 160 properties with a joint value of over £4bn in 2017, while 86,000 properties in England and Wales have been identified as owned by companies incorporated in secrecy jurisdictions, the Joint Committee revealed
20/05/2019
An average adult in the UK does not begin to feel concerned about their debt level until it hits £6,012, a study commissioned by Salary Finance revealed
20/05/2019
The Midlands is home to six of the 10 areas with the lowest annual pension incomes in the UK, research by Salisbury House Wealth (SHW) has revealed
20/05/2019
NatWest yesterday announced the release of its credit card that charges 0 per cent on balance transfers for 23 months and 0 per cent on spending for three months, despite Royal Bank of Scotland (RBS) pledging to not offer this type of product five years ago
20/05/2019
The fast pace of digital transformation is outstripping the cyber security capabilities of UK businesses, according to a new report from KPMG
20/05/2019
TMA Club has today announced the addition of Newbury Building Society to its lender panel, with the lender offering one of the most diverse ranges of products on the club’s panel, while underwriting all cases on an individual basis with no credit scoring required
20/05/2019
The Financial Ombudsman Service (FOS) saw a 24 per cent increase in pensions and investments complaints over 2018/19 as pension freedoms continue to have an effect, its annual review has revealed
20/05/2019
The intermediary-only, specialist lender Foundation Home Loans announced it has completed its third, and largest, securitisation under the Twin Bridges platform, valued at £329m
20/05/2019
Specialist mortgage broker Impact Specialist Finance has announced a packaging agreement with United Trust Bank (UTB), granting it access to the specialist lender’s entire product range
20/05/2019
HMRC has announced that it is delaying its deadline for providing potentially vital data that would allow schemes to pay out the guaranteed minimum pension (GMP) benefits its members are entitled to
20/05/2019
The year-on-year decline on London house prices continued despite the annual spring surge, with sales in inner London taking the biggest hit, according to data from Rightmove
20/05/2019
The Pensions Regulator used its automatic enrolment powers 15 per cent more in the first quarter of 2019 than the previous quarter, it has revealed
17/05/2019
Investec shuttered its Click & Invest robo-advisory service, recording a £12.8 million operating loss on the business after attracting fewer investors than expected
17/05/2019
The anticipated directory of mortgage brokers, which was first announced in last year’s Mortgage Market Study Interim Report, will take at least a further year to deliver, according to AMI chief executive Robert Sinclair, and is unlikely to include any complaints data
17/05/2019
AMI chief executive Robert Sinclair has described the Financial Conduct Authority’s (FCA) consultation paper on mortgage advice and selling standards as “one of the most deceitful documents I’ve seen”
17/05/2019
Britain’s financial regulators should be handed more power to create “dynamic” rules, while remaining just as strict, Bank of England (BoE) deputy governor Sam Woods said yesterday
17/05/2019
Almost half (45 per cent) of financial services firms across Europe are struggling to combat the rising cyber security threat, with hackers particularly exploiting internal loopholes through Business Process Compromise (BPC)
17/05/2019
Five banks have been fined €1.1bn (£940m) by the European Commission for rigging foreign exchange markets for 11 currencies, it was announced yesterday
17/05/2019
The Pensions Regulator has secured an additional £7.6m of levy funding from the Department for Work and Pensions for the 2019/2020 tax year, it has revealed
17/05/2019
Challenger banks OneSavings Bank and Charter Court yesterday reported loan book growth ahead of their planned £1.6bn merger, with the terms confirmed in March, ahead of the UK’s planned departure from the European Union
16/05/2019
There are four types of pension savers that members fit, which affect the way they engage with saving, new research by an academic working with the Pensions Policy Institute has found
16/05/2019
Just Mortgages has partnered with equity release referral service Key Partnerships in a drive to ensure that its brokers can cater fully to the increasing number of clients who need access to the later-life lending market
16/05/2019
A year on from its launch in the UK, fewer than two thirds of UK consumers have never heard of Open Banking, according to new research
16/05/2019
The Bank of England (BoE) warned fraud prosecutors in the UK against charging Barclays over payments made to Qatar at the height of the financial crises, it was unveiled yesterday
16/05/2019
There were 28,800 new first-time buyer (FTB) mortgages completed in March 2019, highlighting a 2.4 per cent decrease when compared to March 2018, and the first year-on-year decrease since September 2018
16/05/2019
The Pensions Regulator (TPR) is targeting “law-breaking” employers with new compliance checks up and down the country
16/05/2019
There were 1.6 billion debit and credit card transactions in the UK in February 2019, increasing by 10.7 per cent when compared to the same month last year and equating to a total value of £60.1bn, figures from UK Finance revealed
15/05/2019
There has been a ‘steady decline’ in transfer activity since mid-2018, according to XPS Pensions Group
15/05/2019
Average inheritance tax (IHT) bills reached almost £200,000 in the last tax year, according to analysis of HM Revenue & Customs (HMRC) receipts by financial advice firm NFU Mutual
15/05/2019
Nearly three quarters (71 per cent) of the UK’s self-employed population cited their employment status as a disadvantage when it comes to obtaining a mortgage, according to online mortgage broker Trussle.

There are currently 4.85 million self-employed people in the UK, though this figure is expected to increase to 5.5 million by 2022, with the community potentially soon outnumbering the public-sector workforce
15/05/2019
Nearly a third (30 per cent) of Brits say their bank is over-ambitious introducing additional services on different devices, saying they do not need or want more ways to interact
15/05/2019
Pension trustees have warned that scheme members are not prepared for the risks they may face in retirement, according to new research
15/05/2019
The UK may need to follow in the footsteps of the United States (US) and construct a “super shield” to protect it from catastrophic cyber attacks or major IT glitches that have the potential to cripple the finance industry, a Bank of England (BoE) senior official said
14/05/2019
The PPF 7800 deficit fell to £6.4bn over the month of April, down from £43.9bn at the end of March, according to the Pension Protection Fund
14/05/2019
The Moving Hub yesterday launched its revolutionary conveyancing proposition into the mortgage intermediary sector with an exclusive promotion with Knowledge Bank
14/05/2019
Bitcoin experienced a further surge in value as it broke through the $8,000 (£6,174) mark, the highest level the cryptocurrency has reached in a year, after hitting a nine-month high at the weekend
14/05/2019
The board of Banking Competition Remedies has split the £80 million Capability and Innovation Fund Pool B grants between three large banks
14/05/2019
Defined benefit schemes are offering more support and flexibility to members, according to Aon’s 2019 Member Options Survey
14/05/2019
The average rent for a property in the UK increased by just under 1 per cent (0.96 per cent) in the year to April, as slow rents in London (0.66 per cent) continued to drag on otherwise resilient growth in the rest of the UK (1.11 per cent), according to the latest Landbay Rental Index
13/05/2019
The Pensions Regulator (TPR) has said it will launch two consultations over the next year to give a clearer idea on how defined benefit pensions should be funded
13/05/2019
Specialist buy-to-let (BTL) lender Fleet Mortgages has announced the addition of 80 per cent loan to value (LTV) products across the three core areas of its product range; individual, limited company and houses in multiple occupation (HMO)
13/05/2019
The Financial Conduct Authority (FCA) and government should be prepared to intervene if banks do not do more to prevent the closures of local branches, MPs have suggested
13/05/2019
The Treasury Committee has published a unanimously-agreed report on consumers’ access to financial services, warning that new technologies risk leaving people behind
13/05/2019
In March, the second charge mortgage market reported its highest level (31 per cent) of monthly new business volumes since October 2008, new data published by the Finance & Leasing Association (FLA) revealed
10/05/2019
The Association of Consulting Actuaries (ACA) has proposed an industry-wide ‘model scheme’ to act as a guideline for schemes to simplify their pension benefits
10/05/2019
The winners of the second Mortgage Awards 2019 were announced last night at a glittering gala ceremony in London attended by over 250 people
10/05/2019
The uptake of Open Banking and digital money management is being held back by a lack of consumer trust and confusion over data sharing, with 83 per cent of UK smartphone owners saying they have not yet downloaded a finance app
10/05/2019
The Financial Conduct Authority (FCA) has requested that over £1m in fines be handed to the five directors of firms involved in recommending unsuitable transfer advice
10/05/2019
In the first quarter of 2019, there were 76,580 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance, 4 per cent fewer than in the same period last year, data from UK Finance revealed
09/05/2019
Almost a year after the General Data Protection Regulation (GDPR) came into effect, RiskIQ has discovered that 1 in 10 personally identifiable information (PII) capturing websites belonging to the large UK financial services firms are running without adequate security measures
09/05/2019
The number of surveyors reporting a drop in the level of properties coming to market rather than a rise was at its highest since June 2016 last month, according to the Royal Institution of Chartered Surveyors (RICS)
09/05/2019
Every pension scheme should consider offering partial transfers so members are not forced to make an “all-or-nothing decision” on their pension benefits, XPS Group has said
09/05/2019
Online mortgage broker Trussle has displayed its concern over the “shocking” number of ‘mortgage prisoners’, with 200,000 homeowners trapped in an expensive deal
08/05/2019
Mortgage intermediaries introduced an average of 24.5 mortgages in the first quarter of 2019, up by 6 per cent from 23 mortgages in Q4 2018 and by 10 per cent when compared to the same period last year
08/05/2019
Average UK house prices grew by 1.1 per cent in April after falling by 1.3 per cent in March, figures published in the latest Halifax House Price Index revealed
08/05/2019
Cryptocurrency platform Binance has confirmed that hackers have stolen 7,000 bitcoin with a value of more than $41 million
08/05/2019
Adults in the UK could be losing out on a combined £100m a year by not investing their savings, according to research published by Yolt
08/05/2019
Wealthy investors have recently displayed more optimism about the impact of Brexit on the UK economy, despite ongoing uncertainty, according to the latest UBS Wealth Management investor sentiment survey
08/05/2019
Almost three quarters (73 per cent) of over 50s would support “one stamp duty free move” for those looking to downsize, up from 70 per cent in 2017, data from Saga suggested
07/05/2019
The Financial Conduct Authority (FCA) has today published proposals for changes to its mortgage sales requirements, allowing consumers more choice when taking out a mortgage.

The proposals are one part of a package of remedies from the Mortgages Market Study, published earlier this year, which has been designed to encourage innovation and make it easier for customers to find the most suitable mortgage
07/05/2019
The value of fines issued to companies over anti-money laundering (AML) compliance failures rocketed 91 per cent last year, figures from HM Revenue & Customs (HMRC) revealed
07/05/2019
Government ministers have estimated that £33m was saved from “falling into the wrong hands” through the joint-regulator campaign against pension scams, Action Fraud
07/05/2019
The Bank of England’s Monetary Policy Committee (MPC) has voted unanimously to maintain Bank Rate at 0.75%
02/05/2019
Almost half of mortgage customers (49%) now opt for an initial fixed period of five years or more
02/05/2019
The FCA is seeking feedback on whether providers operating in the mortgage space are currently meeting changing consumer needs from different age groups
02/05/2019
The government has been accused of “sneaking out” changes in the way income tax on pensions is measured that could lead to pensioners paying an extra £4bn a year, according to Royal London
02/05/2019
Annual house price growth in the UK remained “subdued” at just 0.9 per cent in April, when compared to the same month in 2018, according to the latest Halifax House Price Index
01/05/2019
Following a weak February, mortgage activity picked up in March, with households borrowing an extra £4.1bn secured against property in the month, new figures revealed
01/05/2019
The Financial Conduct Authority (FCA) has today published a call for evidence on the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR)
01/05/2019
While FinTech could help increase competition in financial services, some of the new solutions might also lead to the migration of activity outside the perimeter of prudential regulation
01/05/2019
Almost three quarters of Londoners between the ages of 18 and 34 still live with their parents, highlighting the property affordability crisis currently seen in the capital, new research has found
01/05/2019
Over-taxation of pension freedoms has meant that a total of £433m has been reclaimed from HMRC by members withdrawing their pensions in the past four years
01/05/2019
The total amount of pensions that has been flexibly withdrawn since the inception of pension freedoms has topped £25bn, HMRC has revealed
01/05/2019
Incentivising pension saving through tax relief cost the Exchequer £38.4bn in 2017/18, an increase on the £37.3bn figure reported in 2016/17, government figures have revealed
30/04/2019
The number of cash ISAs subscribed to fell by 697,000 in the 2017/18 period, while the number of savers subscribing to stocks and shares ISAs increased by 246,000, data from HM Revenue & Customs (HMRC) revealed
30/04/2019
The Financial Services Compensation Scheme (FSCS) has announced a 2019/20 levy of £532m, £16m more than it forecast in its plan, released in January
30/04/2019
The UK ranked as the third-most popular nation for investment, with the total value of foreign investment stock in the UK increasing by 5 per cent to $1.9trn (£1.5trn) at the end of 2018, figures released yesterday revealed
30/04/2019
More than half (61 per cent) of financial services firms believe that automation is driving greater success in the sector, while close to three quarters (71 per cent) see the pace of technological change as a key enabler
30/04/2019
The government has reiterated its position on the net pay anomaly, after it said that it is “not cost effective” to reform pensions tax relief which could see workers miss out on up to £60m a year
30/04/2019
The governor of the Bank of England (BoE) has promised that it and the Prudential Regulation Authority (PRA) will evolve to meet the demands of new forms of financial technology
29/04/2019
In the first quarter of 2019, £936m of housing wealth was unlocked by owners aged over 55, representing an 8 per cent year-on-year increase, according to the latest figures from the Equity Release Council (ERC)
29/04/2019
The number of reported investment fraud cases experienced a sharp increase in 2018, rising by 74 per cent to 6,890, up from 3,950 in 2017, data has revealed
29/04/2019
HM Revenue & Customs (HMRC) has spent £90m on private debt collectors in the last three years, almost triple the amount it spent in the three years before that (£34m), new analysis has revealed
29/04/2019
The Association of Consulting Actuaries (ACA) has welcomed the Department for Work and Pension’s (DWP) GMP conversion guidance, but said that it is “imperative” that HMRC addresses the tax implications of GMP equalisation
29/04/2019
Actuaries have been warned of the risks of giving “poor quality advice” that would result in trustees and employers unable to respond effectively to the challenges facing occupational pensions
26/04/2019
Gross mortgage lending across the residential market in March 2019 was £20bn, 0.5 per cent lower than the same month in 2018, new data from UK Finance has revealed

In its latest Household Finance Update, the association revealed that the number of mortgages approved by the main high street banks in March 2019 was 9.1 per cent higher than in the same month last year, despite gross lending being down
26/04/2019
Discussions of a potential merger between Germany’s two largest lenders, Deutsche Bank and Commerzbank, yesterday collapsed
26/04/2019
The Open Banking data sharing transformation is set to evolve into more wide-ranging changes to the financial services industry, including Open Finance and Open Data, according to a panel of experts
26/04/2019
The House of Lords committee on intergenerational fairness has called on the government to reform stamp duty, among other things, in a wide-ranging report published today
25/04/2019
The government should consider scrapping the triple lock for state pensions in favour of uprating the state pension in line with average earnings, a House of Lords committee has said
25/04/2019
The head of GCHQ has called for closer co-operation between the financial services sector and the UK’s intelligence services to combat the threat of cyber attacks on consumers
25/04/2019
“Improving awareness of retirement savings” is key when it comes to increasing the amount of extra income above the state pension in retirement, according to Equiniti
25/04/2019
Two thirds of Europeans have faith that cryptocurrencies will still exist in 10 years’ time, however the majority are still uncertain to how they will be used
24/04/2019
Inheritance tax (IHT) receipts have reached another record year, reaching £5.4bn in the 2018/19 tax year, according to data published by HM Revenue & Customs (HMRC)
24/04/2019
The provisional seasonally adjusted count of residential property transactions totalled 101,830 in March 2019, 6.8 per cent more than in March 2018, latest figures revealed
24/04/2019
Almost a quarter of female homeowners over the age of 55 have not contributed towards a private pension, compared to just 6 per cent of men, according to research from SunLife
24/04/2019
The government has initiated the recruitment process for a new Bank of England (BoE) governor, as the current head, Mark Carney, is due to step down on 31 January 2020 after serving more than six years in the position
24/04/2019
Over 60 per cent of people chose to increase their monthly pension payments when their employer agreed to match the increases, analysis from Hargreaves Lansdown has found
24/04/2019
Many people are making significant financial errors which could be damaging their credit rating, with over half of the UK unaware of what their score is, new research has found
23/04/2019
The gulf between earnings and property price inflation has shrunk considerably across the UK in recent years, new research from Halifax has revealed
23/04/2019
Nationwide Building Society has selected seven FinTechs to take part in its Open Banking for Good challenge, developing apps and services to help financially vulnerable people
23/04/2019
Stamp duty on share purchases has been dubbed as big of a deterrent to investment in the UK as Brexit, research has found
23/04/2019
Almost £37m was paid in compensation for pension and decumulation products over H2 2018, a £15.6m increase on the previous six months, the Financial Conduct Authority (FCA) has revealed
23/04/2019
During the second half of 2018, the Financial Conduct Authority (FCA) received 3.91 million complaints, 5 per cent fewer than the 4.13 million figure reported in H1 2018, the regulator today announced
18/04/2019
Over four million Brits admitted they do not have the mental capacity to make the right choices when it comes to tackling difficult decisions, research from Scottish Widows revealed
18/04/2019
In February 2019, there were 24,880 new first-time buyer (FTB) mortgages completed, 4.1% more when compared to February last year, highlighting that FTBs continue to take advantage of low interest rates amid political and economic uncertainty, data from UK Finance revealed
18/04/2019
Adults in the UK spend £83bn on home improvements each year, research from digital bank Zopa has revealed
18/04/2019
Women of all age groups are at risk of a “financial meltdown” in the event of a relationship breakdown because of their lack of individual pension rights or even financial plans, according to new research by Royal London
18/04/2019
Adviser regulatory fees will be reduced from £80.3m in 2018/19 to £79.4m in 2019/20 as the Financial Conduct Authority (FCA) announced a reduction in the amount that the A13 fee block pays
17/04/2019
The Consumer Prices Index rate of inflation remained at 1.9 per cent in March, unchanged from February 2019, the Office for National Statistics has revealed
17/04/2019
Average house prices in the UK increased by just 0.6 per cent in the year to February 2019, dropping significantly from the 1.7 per cent growth recorded in January, figures published today revealed
17/04/2019
The Financial Conduct Authority (FCA) has published its Business Plan for 2019/20, outlining key priorities for the coming year, including a focus on enhancing the use of technology and data
17/04/2019
Over 75 per cent of trustees would not ever consider moving to a commercial consolidators, according to a report by Hymans Robertson
17/04/2019
If Labour leader Jeremy Corbyn became Prime Minister, it would be just as damaging to the profits of British banks as leaving the European Union without a withdrawal agreement, Citigroup has said.

With the prospect of a snap election becoming more likely as lawmakers in Westminster fail to agree on a withdrawal agreement, the bank said in a note to clients “the impact on UK domestic bank EPS [earnings per share] could potentially be similar in magnitude to a no-deal Brexit outcome”
15/04/2019
Lloyds and Halifax have launched Open Banking app functionalities to allow customers to see their account balances with other banks in one place
15/04/2019
The estimated 350,000 UK expats living in the Gulf are being urged to ensure they are not in breach of the existing lifetime allowance (LTA) limit for pensions tax relief
15/04/2019
Almost 12 million adults in the UK have confessed to openly discussing their finances with family and friends to avoid any mental or emotional health issues, new research has found
15/04/2019
Pension scheme members who use Pension Wise have a “greater understanding of the facts” regarding what they can do with their pension savings than non-users, analysis from the Department for Work and Pensions (DWP) has revealed
15/04/2019
Over three-quarters (76 per cent) of workers in the UK were enrolled in occupational pensions schemes in 2018, research from the Office for National Statistics (ONS) has revealed
12/04/2019
The cost of a first-time buyer (FTB) house has increased by almost £10,000, resulting in raised monthly and annual costs for FTBs taking out average mortgages, mortgage insurer AmTrust has found
12/04/2019
The Office for National Statistics (ONS) will receive a funding boost of £9m to develop new methodologies for measuring how the UK economy is performing, Chancellor Philip Hammond announced today
12/04/2019
New research has revealed that after inheriting, 28 per cent of high net worth (HNW) clients’ children discontinue the relationship with their parents’ wealth manager, with many moving the money to digital challengers
12/04/2019
House prices, as measured by the House Price Index, increased by 4.2 per cent in both the European Union (EU) and the euro area in the fourth quarter of 2018, when compared to the same quarter a year earlier, new figures revealed
12/04/2019
Three-quarters of consumers are unaware that pensions products are protected by the Financial Services Compensation Scheme (FSCS), research has found
12/04/2019
The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service
11/04/2019
The pound is expected to rally following the news that EU leaders have agreed a delay to Brexit to 31 October along with a review in June
11/04/2019
The European Commission wants EU member states to continue allowing citizens to export their pension benefits to the UK in the event of a no-deal Brexit
11/04/2019
Thousands of pension savers have breached lifetime allowance ‘protections’ in the past 12 years, potentially landing themselves with tax bills running into hundreds of thousands of pounds
11/04/2019
Over a third of property investors want buy-to-let lenders to apply a manual underwriting process for professional landlords, as they struggle to obtain buy-to-let mortgages from larger high street lenders, MT Finance has revealed
10/04/2019
Technology firm Callsign has partnered with CKH Innovations Opportunities Development (CKH IOD), parent company of Three UK, to improve fraud detection and fraud prevention
10/04/2019
New research has revealed that 42 per cent of financial management platform users have more than one bank account, as they take advantage of technological innovation and data sharing in financial services
10/04/2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102.2m for anti-money laundering (AML) breaches in two higher risk areas of its business, marking the second-largest financial penalty for AML control failings ever imposed by the regulator
10/04/2019
The PPF 7800 Index deficit increased from £8.6bn to £43.9bn over March, an increase of £35.3bn, the Pension Protection Fund (PPF) has revealed
10/04/2019
Landlords across the UK have “scaled back” their buying intentions, reduced their reliance on mortgage debt and improved affordability by spending less of their rental income on mortgage payments, research conducted by Paragon has found
09/04/2019
J.P. Morgan Asset Management (JPMAM) has appointed Hargreaves Lansdown (HL) to provide its open-ended investment company (OEIC) managed fund investors with an option to transfer their holdings, free of charge, onto the HL investment service
09/04/2019
The gradual shift of BigTech giants into financial services has the potential to be a “game changing development” for the industry, according to a new report from the Bank for International Settlements (BIS)
09/04/2019
Following the announcement on 8 August 2018 that The Share Centre had agreed to acquire an active book of accounts, the firm has revealed that the transfer is expected to begin in September of this year
09/04/2019
The average pension pot size of people aged 43-54 years-old is only 37 per cent of the amount recommended for a comfortable retirement, research from Salisbury House Wealth has revealed
09/04/2019
The recently launched Money and Pensions Service is calling on organisations throughout the UK to contribute towards the development of the service’s strategy to improve the nation’s financial wellbeing
08/04/2019
Around one in eight companies have said they will adopt a Collective Defined Contribution (CDC) pension scheme of some sort by 2025, a survey from Willis Towers Watson (WTW) has found
08/04/2019
Thousands of retirees shifting their pensions into drawdown are failing to calculate how much they can afford to take from their pot, putting them in danger of potentially draining their savings too soon, according to research from Zurich
08/04/2019
As we approach the end of the 2018/19 tax year, The Share Centre has highlighted that investors “scramble” to use their annual tax-free allowance before the midnight deadline on 5 April, losing out on valuable growth
08/04/2019
While the average time taken for a first-time buyer (FTB) to save a 15 per cent deposit has dropped by six months since Q4 2016, in Q4 2018 it still took more than 10 years, according to new data
08/04/2019
Roughly 1.75 million workers could be missing up to a £60m a year in tax relief, a Royal London freedom of information (FOI) request has found
08/04/2019
In February this year, the second charge mortgage market reported its strongest rate of new business volumes growth since May 2017, increasing by 24% when compared to February 2018, figures published by the Finance & Leasing Association (FLA) revealed
05/04/2019
Santander has announced that its European divisions, which includes Santander UK, will shoulder a reported €1.2 billion of cost cutting in the next four years, as the Spanish banking giant steps up plans to invest more than €20 billion in digitisation and technology
05/04/2019
Tax changes, coming into force on the same day (6 April) as the auto-enrolment (AE) minimum contribution increase, could soften the blow to savers’ take home pay packets, Now Pensions has revealed
05/04/2019
House prices in the UK in the three months to March were 3.2% higher when compared to the same three months a year earlier, the latest Halifax House Price Index revealed
05/04/2019
The government has given the go ahead for the pensions dashboard, with the expectation that pension schemes can complete delivery within a three to four year window, it has revealed
05/04/2019
Pension schemes hedged over £1trn of liabilities in 2018, a 6 per cent increase on the previous year, an XPS Investment survey has revealed
04/04/2019
More than half of retail banks are looking to collaborate with FinTechs to advance their own digital banking offerings, with 56 per cent expecting that incumbent/FinTech sandboxes will become mainstream by 2025
04/04/2019
More than half of all UK consumers have at least one bank account they no longer use, but have not yet closed, as many open new accounts with challenger banks because they offer enticing personalised features
04/04/2019
Italian bank Unicredit is preparing a multi-billion-euro offer to Commerzbank as Deutsche Bank supposedly faces troubles in its discussions
04/04/2019
The Money and Pensions Service will be at the “heart” of improving the nation’s financial wellbeing when it publishes its national strategy in the Autumn of this year, its chairman Hector Sants has said
04/04/2019
More than half a million (520,000) people over the age of 65 and still employed failed to defer their state pension, taking their total earnings over the tax threshold, meaning that their entire state pension was taxed, in some cases at 40 per cent, Royal London has found
03/04/2019
In 2018, 657,930 people contacted StepChange Debt Charity seeking advice, up from 619,946 in 2017, the charity revealed
03/04/2019
The Financial Conduct Authority (FCA) has recently dubbed Innovative Finance ISAs (IFISAs) as “high-risk”, emphasising that this type of investment may not be protected by the Financial Service Compensation Scheme (FSCS)
03/04/2019
One in four Britons have predicted that the ownership era is coming to an end, with more than 40 per cent of adults believing they will never own their own home, research has found
03/04/2019
Workers saving into a pension through automatic enrolment (AE) could be £40,000 worse off in retirement due to the way minimum contributions are calculated, according to Now Pensions
03/04/2019
Marsh & McLennan has completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6bn in fully diluted equity value
02/04/2019
In the second half of 2018, the number of equity release customers increased by 23 per cent year-on-year, taking the total number to 43,879, including 24,907 agreed new plans, the Equity Release Council (ERC) revealed.

In its Spring 2019 Market Report, the ERC found that drawdown lifetime mortgages remained the most popular type of new plan, with 64 per cent of new customers opting for drawdown plans in H2 2018, just 36 per cent of new customers chose lump sum plans
02/04/2019
In 2019, the majority of banks have made significant progress in digitalising their retail product line, with 65 per cent of digitally active large banks reaching the ‘digital promised land’, according to Temenos
02/04/2019
Expectations of a 2019 interest rate hike from the Bank of England (BoE) are currently at their lowest level, at under 5 per cent, Hargreaves Lansdown revealed
02/04/2019
One in 10 people over the age of 50 with a pension plan believed that they had been approached by scammers attempting to access their savings, new research from Succession Wealth has revealed
02/04/2019
Having adequate funding in retirement is the most common financial worry for UK employees, according to a new survey from Close Brothers
02/04/2019
The Financial Conduct Authority (FCA) today (1 April 2019) begins regulating the claims management industry.

All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the regulator, with all new and existing CMCs having to apply for authorisation
01/04/2019
Over the course of a decade, London mortgages have become increasingly less affordable, despite remaining below the 2007 peak when mortgage payments accounted for more than half (52.4%) of earnings, Halifax revealed
01/04/2019
NatWest is trialling a new companion to the NatWest app called Mimo, designed to help customers enjoy financial peace of mind
01/04/2019
Those who invested their full ISA allowance into the FTSE 100 at the start of each financial year, over the past 20 years, would have seen their ISA value grow to £353,064, research from Willis Owen revealed
01/04/2019
Banking incumbents which are slow to upgrade their infrastructure could take a 30 per cent hit in revenue, as challengers gobble up more of the market for innovative digital banking services, according to Citibank
29/03/2019
The government is forming a working group to consider the pensions tax issues arising from guaranteed minimum pensions (GMP) equalisation, almost five months after the High Court ruling
29/03/2019
The Financial Conduct Authority (FCA) has today published its final instruments and guidance that will only be enforced if the UK leaves the EU without a deal or an implementation period
29/01/2019
Only around a third (32 per cent) of people aged over 55 who have accessed their pension use a financial adviser for help with financial planning, research from Canada Life has revealed
29/03/2019
Participation in workplace pension schemes has increased to 71 per cent, up from 49 per cent, since the introduction of automatic enrolment (AE) in October 2012
29/03/2019
The Financial Conduct Authority (FCA) has fined Goldman Sachs International (GSI) £34.3m for failing to provide accurate and timely reporting relating to 220.2 million transaction reports between November 2007 and March 2017
28/03/2019
Around two-thirds of under-30s have claimed they would prefer to spend money on travelling, rather than saving for their first home, according to research from Hoxton Capital Management
28/03/2019
Challenger bank TSB would need a three-year turnaround and cost-cutting plan before it could be a candidate for sale or consolidation, according to the chairman of parent group Banco Sabadell
28/03/2019
A total of 929,000 people switched to a different current account in 2018, with the Current Account Switch Service achieving its 5 millionth switch in 2018, the organisation revealed in its annual report, published today
28/03/2019
The common equity tier 1 (CET1) capital ratio for the UK’s banking sector increased by 0.1 per cent in the final quarter of 2018, rising to 15.5 per cent, the Bank of England (BoE) revealed
28/03/2019
The bulk annuity market has exceeded £24bn in pension scheme buy-in and buyout transactions in 2018 for the first time in history, new research from Barnett Waddingham has revealed
26/03/2019
Lower employee pension participation rates among smaller employers remains a “puzzle”, despite the gap being reduced through auto-enrolment, the Institute for Fiscal Studies (IFS) has found
27/03/2019
A tax change due to take effect from next month means that it will be compulsory for all non-UK residents must pay tax on all UK land disposals, both residential and commercial
27/03/2019
Just a third of those over the age of 55 who are aware of equity release realised that they are able to release equity from their home, while having an outstanding mortgage, according to research from SunLife
27/03/2019
Barclays has revealed a £14.7bn lending fund to support small and medium-sized enterprises to “succeed and flourish” through the uncertainty of Brexit
27/03/2019
Despite companies’ willingness to help their employees make the right decisions when it comes to retirement, the tools and processes they utilise are not currently meeting these needs, according to Aon
27/03/2019
A pensions specialist is urging people not to opt out of their workplace pension when their pension contribution increases from 3 per cent to 5 per cent on 6 April
26/03/2019
JP Morgan is asking approximately 300 of its UK staff based in London to sign a new contract that will require them to move to one of the bank’s other hubs across the European Union (EU), in the event of a no-deal Brexit
26/03/2019
In January 2019, there were 25,100 new first-time buyer mortgages completed, highlighting year-on-year (YOY) growth of 4.6% when compared to January 2018, figures published by UK Finance revealed
26/03/2019
Hundreds of pension schemes are now able to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation, JLT Employee Benefits has said
26/03/2019
The Financial Conduct Authority (FCA) has today proposed changes to how lenders assess whether or not a customer can afford a mortgage, in a bid to help mortgage prisoners
26/03/2019
Savers did not regret flexibly accessing their pension savings as part of pension freedoms, despite the majority not using an adviser to help with their financial planning
26/03/2019
Over the last ten years, savers could have earned £24,340 more if they had invested their full allowance at the start of the tax year, rather than waiting until the last-minute to invest, Hargreaves Lansdown found
25/03/2019
The Personal Investment Management & Financial Advice Association (PIMFA) has called on the Financial Conduct Authority (FCA) to postpone the implementation of the Financial Ombudsman Service’s (FOS) compensation limits
25/03/2019
An estimated 1.25 million people are set to breach the current Lifetime Allowance (LTA) limit for pensions tax relief, according to new research from Royal London
25/03/2019
The Financial Conduct Authority (FCA) only investigated a handful of the insider dealing tip-offs it received in 2018, despite receiving over 5,000, a freedom of information (FOI) request from law firm Greenberg Traurig found
25/03/2019
A third of homeowners, who have moved since 2016, claimed that the deciding factor was growing Brexit concerns, according to new research from online mortgage broker Trussle
25/03/2019
Public and Commercial Services (PCS) Union has called on the government to freeze pension payments that are set to be cut, after a calculation error was exposed in relation to guaranteed minimum pension (GMP) payments
25/03/2019
Prime Minister Theresa May has refused to budge on the government’s stance on Waspi women, adding that the government has already put extra money in following the increase in women’s state pension age
22/03/2019
Almost half (45%) of all UK adults are in debt and, according to research from comparethemarket.com, 90% of them are suffering from stress and anxiety as a direct result of their financial situation
22/03/2019
Barclays chairman John McFarlane has warned that a no-deal Brexit will “very significantly” harm the European Union (EU), while speaking at a summit yesterday
22/03/2019
Pension transfers dropped from £8bn to £6.3bn in Q4 2018, a decrease of 20 per cent, according to the latest Office for National Statistics (ONS) figures
22/03/2019
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today voted unanimously to maintain bank rate at 0.75 per cent
21/03/2019
The finance industry prevented £1.66bn of unauthorised fraud throughout 2018, effectively stopping £2 in every £3 of attempted unauthorised fraud in the year, according to the latest Fraud the Facts 2019 published by UK Finance
21/03/2019
The cost of equalising guaranteed minimum pensions (GMP) is likely to cost almost half of the £15bn anticipated by the industry after the ruling, new analysis has found
21/03/2019
The National Audit Office (NAO) has said that four major UK regulators need to do more to prove they are offering enough protection to those who need it
21/03/2019
TV presenter Lorraine Kelly has been victorious in her dispute with HM Revenue & Customs (HMRC) worth £1.2m
21/03/2019
A fifth (10.5 million) of adults in the UK claimed that they are in the worst financial position that they have ever been in, with Brexit and its financial implications adding further concerns, a survey from FairMoney has revealed
21/03/2019
Defined benefit pension scheme consultants must focus on the “end game” as schemes near towards the end game, according to Barnett Waddingham head of actuarial consulting Paul Houghton
21/03/2019
The Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and European Banking Authority (EBA) are today announcing that they have agreed a template Memorandum of Understanding (MoU)
21/03/2019
European Council President Donald Tusk has said he believes a short Brexit extension ‘will be possible’ but only on the condition that MPs pass Prime Minister Theresa May’s deal in the House of Commons
20/03/2019
The government should refrain from increasing the minimum contribution level for auto-enrolment schemes further, once the April increase comes into force, according to Hargreaves Lansdown senior analyst, Nathan Long
20/03/2019
Average house prices in the UK increased by 1.7% in the year to January 2019, down from 2.2% in December 2018, which, according to the Office for National Statistics (ONS), is the lowest annual rate since June 2013, when it was 1.5%
20/03/2019
Prime Minister Theresa May has told MPs she is “not prepared to delay Brexit any further than 30 June", and hinted that she will quit if the UK stays beyond this period
20/03/2019
The Financial Services Compensation Scheme (FSCS) has recovered just under £300m over the past five years from failed financial services firms, therefore reducing FSCS levies on the industry.

Furthermore, the FSCS recovered billions of pounds following the resolutions of the 2008 banking failures, where the scheme needed to take out loans totalling approximately £20bn from the government at the time of the financial crisis
20/03/2019
The Consumer Prices Index rate of inflation rose steadily to 1.9 per cent in the 12 months to February 2019, up from 1.8 per cent in January 2019, according to the Office for National Statistics (ONS)
20/03/2019
The Financial Conduct Authority (FCA) has fined UBS £27.59m for failings in relation to 135.8 million transaction reports between November 2007 and May 2017
20/03/2019
Treasury Committee chair Nicky Morgan has written to the Financial Conduct Authority (FCA) board calling for an investigation into whether there were regulatory failings surrounding the collapse of London Capital and Finance (LC&F)
20/03/2019
Legal & General (L&G) has completed a £230m buy-in for all of the pensioner and deferred members of the Howden Group Pension Plan
20/03/2019
The surplus of UK broker company TP ICAP’s defined benefit (DB) pension scheme fell by £2m year-on-year to £55m, as of 31 December 2018
19/03/2019
Due to a slowing property market, apartment prices across the UK have plummeted over the year, with some areas experiencing drops of more than 7%, presenting first-time buyers (FTBs) with an opportunity to get on the property ladder, new research from Gatehouse Bank has revealed
19/03/2019
A majority of adults in the UK have claimed that they do not know how manage their finances in a responsible manner, with just 34% feeling “in control”, while over half (57%) were not aware exactly of how much they had in their account, according to a survey conducted by Creditfix
19/03/2019
There is a large divide between advised clients and the wider over 55 population on the awareness of the advantages of leaving pensions as an inheritance, identifying a market opportunity for advisers, new research has found
19/03/2019
Deutsche Bank and Commerzbank shares increased yesterday after talks began over a potential merger, with Deutsche shares rising by 4 per cent to €8.15 and Commerzbank by more than 7 per cent to €7.65
19/03/2019
Standard Life Aberdeen has today announced that an arbitration panel has ruled in its favour over its dispute with Lloyds Bank over the management of £100bn worth of assets
19/03/2019
Rental price growth in East London over the last seven years has significantly outperformed West London, with renters in East London seeing twice the growth of their West London counterparts, new research has found
18/03/2019
Royal London director of policy, Steve Webb, has voiced his concern that the government’s proposed legislation for collective defined contribution schemes (CDC) was “very narrow in scope”
18/03/2019
Property prices in London fell in March as Brexit uncertainty halted the annual spring bounce, and are down almost 4% year-on-year, while the number of sales agreed in February was also nearly 10% lower in the capital when compared to February last year, new data has found
18/03/2019
Germany’s largest lenders, Deutsche Bank and Commerzbank, have announced that they will hold formal discussions in relation to a merger between the two organisations
18/03/2019
The government has announced that it will be pushing ahead with the introduction of collective defined contribution (CDC) pension schemes to improve the retirement outcomes for both employees and employers
18/03/2019
The MoneyAge Awards are now open for entries
15/03/2019
Two in five card payments are now made using contactless technology, according to UK Finance
15/03/2019
Pension funds were “falling short” of best practice on their private equity investments, according to alternative investment solutions provider Efront
15/03/2019
Pension transfer values closed February unchanged at £235,000, after initially increasing during the month, according to XPS Pensions Group
15/03/2019
HSBC has announced that it will reduce the amount of money executive directors can receive in lieu of pension contributions, following criticism of its previous policy
15/03/2019
The winners of the inaugural Retail Asset Management Awards 2019 were announced last night at a glittering gala ceremony at the Waldorf Hotel in London attended by around 200 people
15/03/2019
Potential buyers’ interest in fixed-rate mortgage deals remained high in February, with 81 per cent of shoppers taking them into consideration, the latest figures from Experian revealed
14/03/2019
Savers have accessed over £3.2bn of their savings through pension freedoms without taking any financial advice, new research from Saga has revealed
14/03/2019
House prices in the UK are set to decline this year after the Office for Budget Responsibility (OBR) slashed its forecast, while the Royal Institute of Chartered Surveyors’ (RICS) revealed that Brexit was stunting sales
14/03/2019
The Financial Conduct Authority (FCA) has today introduced a package of measures to support consumers who invest through investment platforms, allowing them to find and switch to the right one for them
14/03/2019
The Financial Conduct Authority (FCA) has written a letter to Work and Pensions Committee chair Frank Field defending the amount of staff it has working to tackle scams
14/03/2019
MPs have rejected a no-deal Brexit at any time
13/03/2019
The abolition of stamp-duty for first-time buyers (FTBs) has supported 240,000 people in getting on to the property ladder, with FTBs accounting for more than 50% of the property buying population for “the first time in a generation”, Chancellor Philip Hammond announced in today's Spring Statement
13/03/2019
The number of over-45s seeking professional estate planning advice has risen sharply in the last year, with four in five claiming that the rules surrounding inheritance tax (IHT) are too complicated, according to Canada Life’s 2019 IHT Monitor
13/03/2019
The speed of bank and ATM closures is leaving society’s most vulnerable people and communities at risk of financial exclusion, the chairman of the Financial Conduct Authority (FCA) has warned
13/03/2019
Over a third (37%) of over 50s said they think the UK will leave the European Union (EU) without a deal, with their biggest concerns being the rise of living costs and pension values falling, new research has revealed
13/03/2019
Around 28 per cent of pension income will be from defined contribution schemes by 2060, up from 5 per cent in 2016/17, according to the Pensions Policy Institute (PPI)
13/03/2019
The typical UK homeowner is still paying off their mortgage in retirement, with retirees aged between 64 and 75 still owing an average of £11,400 on their mortgage, according to the latest TISA and KPMG Savings Index
12/03/2019
A “radical reshaping” of financial advice firms used by pension providers for long-term investment strategies will benefit millions of savers and “boost” the UK’s £1.6trn retirement assets, plans published by government unveiled today
12/03/2019
The PPF 7800 Index deficit dropped from £23.1bn to £8.6bn over February, a decrease of £14.5bn, the Pension Protection Fund has revealed
12/03/2019
The outstanding value of all residential mortgage loans was £1.44bn in the final quarter of 2018, illustrating growth of 3.3% when compared to Q4 2017, figures published by the Bank of England (BoE) revealed
12/03/2019
Lloyds, NatWest and Barclays are teaming up to pilot the UK’s first shared business banking hubs, helping support businesses hit by branch closures to make local cash and cheque deposits
13/03/2019
Around £3.3bn worth of money withdrawn from the pension pots of those accessing pension freedoms has been put in bank accounts, but these savers could face "double jeopardy"
11/03/2019
As part of a national trial, NatWest is due to begin piloting biometric fingerprint technology with 200 customers in the coming weeks
11/03/2019
Challenger banks One Savings Bank and Charter Court Financial Services Group are in final talks over a potential £1.6bn, the two firms have said
11/03/2019
HM Revenue & Customs (HMRC) has launched its first criminal investigations under a new money laundering offence, a freedom of information (FOI) request submitted by law firm Greenberg Traurig revealed
11/03/2019
Former Chancellor of the Exchequer, Alistair Darling, has warned of an erosion of trust between savers and the financial institutions which manage their money
11/03/2019
The Financial Conduct Authority (FCA) has today announced its decision to increase the Financial Ombudsman Service’s (FOS) compensation limit to £350,000, which has been condemned as “shocking” and “counter-productive” by Royal London director of policy Steve Webb
08/03/2019
Credit card and personal loan new business together fell in January by 3%, when compared to the same month in 2018, while retail store and online credit new business fell by 1%, figures published by the Finance and Leasing Association (FLA) revealed
08/03/2019
The Treasury Committee has said that a more precise estimate of the scale of economic crime in the UK, while government should review the UK’s anti-money laundering (AML) supervision more frequently
08/03/2019
The Women’s Trades Union Congress (TUC) has passed a Prospect motion calling for greater action to tackle the gender pension gap as it “deplores” the lack of progress being made
08/03/2019
Investment in private markets and careful planning could increase defined contribution pension scheme investment returns by 15 per cent
08/03/2019
The Financial Conduct Authority (FCA) has today published two pieces of research looking at UK consumer attitudes to cryptoassets - such as Bitcoin or Ether - indicating potential harms, including the fact that many consumers may not fully understand what they are purchasing
07/03/2019
Over a third of mortgage brokers (34%) claimed to have referred more than a quarter of their client base to a specialist lender in the past 12 months, research from Bluestone Mortgages revealed
07/03/2019
The Financial Conduct Authority (FCA) has revealed that its crackdown on credit card fees has saved Britons £80m
07/03/2019
For the ninth month in a row, the Investment Association has revealed net outflows from funds held within ISAs, with £506m of fund redemptions recorded in January
07/06/2019
Investors pulled £870m from equity funds in January, while absolute return funds have lost £3.4bn since summer 2018, AJ Bell has revealed
07/03/2019
Auto-enrolled pension savers have been warned that opting out of their workplace pension scheme could lose them £542,000 in pension savings over a lifetime, Aegon has warned
07/03/2019
Aon has confirmed it is not pursuing the acquisition of Willis Towers Watson (WTW)
06/03/2019
The Bank of England (BoE) has welcomed the independent Access to Cash review, which highlights the continuing reliance of some groups on physical cash, despite its share of overall payments being on the decline
06/03/2019
Following the publication of today’s Personal Income Statistics by HM Revenue & Customs (HMRC), Royal London has urged women to “get ahead of the curve” when it comes to pension saving, with figures revealing that women hit their peak median income in the 35 to 39 age range
06/03/2019
The scandal-hit and “manipulated” Libor interest rate may be difficult to replace, with Bank of International Settlements economic adviser Hyon Song Shin arguing that a “toolbox with a separate screwdriver and saw could be better suited to serve the financial system than a Swiss army knife”
06/03/2019
The Bank of England (BoE) and the European Central Bank (ECB) have decided to activate a standing swap line, allowing the BoE to lend euros to UK banks on a weekly basis
06/03/2019
Aon has confirmed that it is in the “early stages” of considering an all-share business acquisition with rival Willis Towers Watson (WTW)
06/03/2019
As we approach the end of the tax year, Hargreaves Lansdown has predicted that more do it yourself (DIY) drawdown investors will take out cash, as the average amount taken increases by 28 per cent in March and 40 per cent in April, with 15 per cent of all pension cash outs occurring in March
05/03/2019
Fraud against older people soared last year, with criminals increasing their radius and looking beyond the UK’s cities and town for new victims, according to new research from Experian
05/03/2019
Pensioners expecting to rely solely on their state pension could face a £68,000 shortfall in retirement, research by Nationwide Building Society has shown
05/06/2019
The accounting deficit of DB pension schemes for FTSE 350 firms increased by £4bn to £45bn during February, Mercer’s latest Pension Risk Survey has revealed
05/03/2019
More than 90% (91%) of employers believe that employees do not understand the tax rules when withdrawing money from their pension, revealed a poll conducted by WEALTH at work
04/03/2019
The government has revealed the new name for the Single Financial Guidance Body, which is to be known as the Money and Pensions Service
04/03/2019
National Savings & Investments (NS&I) has announced that it is increasing interest rates on both its junior ISA and direct ISA by 75 basis points and 15 basis points, respectively
04/03/2019
Savers have missed out on at least £188bn in lost interest over the past ten years, which amounts to £7,701 per household, Hargreaves Lansdown revealed
04/03/2019
Half (50 per cent) of people currently in retirement stopped working earlier than they had planned to, new research from Aegon has revealed
04/03/2019
An investor that used all of their ISA allowance to invest in the UK stock market through a tracker over the past 20 years could have earned £163,349 after charges, according to Willis Owen
04/03/2019
The Treasury has agreed to publish a key agreement it signed with Royal Bank of Scotland (RBS) after it received pressure from MPs, amid allegations it had significant influence over the bank’s former restructuring unit, GRG, City A.M. reported
04/03/2019
Over a third (35%) of British adults, which amounts to around 17 million people, think their finances will worsen post-Brexit, rising from 32% in the last quarter, research from Royal London found
04/03/2019
The combined deficit of the FTSE 100 defined benefit pension schemes fell by £8bn to £13bn over February, according to JLT Employee Benefits latest index figures
01/03/2019
Over a fifth (22%) of those over the age of 40 said they have not yet started saving for their retirement, according to a survey conducted by Equity Release Supermarket (ERS), despite almost half claiming that they want to travel regularly in their “golden years”
01/03/2019
The relative infancy of pension freedoms is causing confusion amongst the younger generation, who need more guidance on planning for their retirement, according to Prudential UK director of propositions, Stuart Paton Evans
01/03/2019
The Pensions Regulator (TPR) is prosecuting a former head of a charity for the disabled on suspicion of having defrauded the charity’s pension scheme
28/02/2019
The Financial Conduct Authority (FCA) has today raised concerns about the way financial advisers are disclosing costs and charges
28/02/2019
Less than 2% of the 3.5 million people thought to be eligible for the Help to Save scheme are currently paying into it, HMRC statistics have shown
28/02/2019
The Government has today published an impact assessment following its decision to strip mixed-age couples of the right to claim Pension Credit
28/02/2019
An accountant who acted as a trustee and administrator to pension schemes has admitted transferring more than £280,000 of pension funds to support his own businesses and investments
27/02/2019
Bank of England governor Mark Carney has told members of the Treasury Select Committee that interest rates would "more likely than not" be cut in the event of a no-deal Brexit
27/02/2019
The finances of 10,500 borrowers are being "damaged from beyond the grave" by collapsed payday lender Wonga, according to a committee of MPs
27/02/2019
Shares in Metro Bank have plunged sharply after it announced a £350m share placement in an effort to contain a crisis over an accounting error that is now being investigated by regulators
27/02/2019
Despite baby boomers owning more than a third of the UK’s wealth, many in this age group are missing out on a potential investment gains as they lack confidence and knowledge about where to invest their money, research by savings and investment company Aegon has found
27/02/2019
A total 11,000 new first-time buyer mortgages were completed in London in the fourth quarter of 2018, 5.8% more than in the same quarter of 2017, according to latest figures published by UK Finance
27/02/2019
Income inequality is getting worse, according to Hargreaves Lansdown, as the poorest fifth are getting poorer, with their average disposable income shrinking by 1.5% in a year, largely caused by benefit cuts
26/02/2019
Pensions Minister Guy Opperman has reiterated the government’s commitment to reducing the automatic enrolment age limit from 22 to 18
26/02/2019
Gross mortgage lending in the UK across the residential market in January 2019 was £21.6bn, some 1.5% lower than in the same month in 2018, figures from UK Finance revealed
26/02/2019
“Very few” workers are aware that there will be changes to automatic enrolment contribution levels in April, new research from the Department for Work and Pensions (DWP) has revealed
26/02/2019
Between the launch of the Help to Buy scheme on 1 April 2013 and 30 September 2018, over 195,000 properties have been purchased with an equity loan, with the total value of these equity loans amounting to £10.66bn and the value of properties sold under the scheme totalling £49.89bn, according to new data
26/02/2019
Approximately half (49%) of the population have claimed that they rate the provider’s social values, such as consistency, reliability, trustworthiness and treating customers fairly, as important as the potential returns, new research from Foresters Friendly Society has found
25/02/2019
Pension savers attempting to cash in on their final salary schemes could lose out on up to 55 per cent of the market value of their pension due to low transfer value offers, according to Telegraph Money
25/02/2019
A majority (54%) of adults in the UK are unaware that their pension typically goes to the person who is named on their pension policy, rather than their will, putting them at risk of leaving their money to the wrong people, new research has found
25/02/2019
The upcoming minimum contribution rise for those that have been automatically enrolled into a pension scheme will cause “minimal” opt-outs, according to analysis by Royal London
25/02/2019
Specialist lender Foundation Home Loans yesterday announced the launch of its new ‘Fix to Flex’ five year, buy-to-let product, targeted at landlords who seek rate certainty along with flexibility allowing them to switch to another rate or lender within the term
22/02/2019
Statistics published by HM Revenue & Customs (HMRC) yesterday revealed a 15 per cent increase in the January 2019 self-assessment receipts when compared to those taken in January 2018
22/02/2019
A housing association with nearly 10,000 homes has been judged non-compliant by the Regulator of Social Housing (RSH) after an unnamed executive was granted access to their pension before it matured
22/02/2019
Buyers and sellers in Britain’s housing market remained subdued in January, with stamp duty and Brexit uncertainty adding to the traditional new year slowdown, suggested data published by HM Revenue & Customs (HMRC) yesterday
22/02/2019
Retired homeowners living without the burden of a mortgage saw their homes increase by nearly £1,000 a month over the past six months amid housing market uncertainty, according to analysis from independent equity release adviser Key
22/02/2019
Schroders has announced the death after a short illness of its director Bruno Schroder aged 86 on 20 February
21/02/2019
Inheritance tax (IHT) receipts reached £4.5bn in the first ten months of the tax year, and are on course to hit record levels in the 2018/19 period, according to analysis of the latest HM Revenue & Customs (HMRC) tax receipts by NFU Mutual
21/02/2019
The Financial Conduct Authority (FCA) has today issued a decision which found that three asset management firms were in breach of competition law, marking the regulator’s first formal decision under its competition enforcement powers
21/02/2019
More than half (54 per cent) of Brits expect they will have to keep earning in retirement, while 13 per cent believe they will have to work for the rest of their lives, a survey has found
21/02/2019
HSBC reported it was on track to transfer business to Paris ahead of Brexit yesterday, but warned that time was running out to avoid disruption for its customers
20/02/2019
The Financial Conduct Authority (FCA) yesterday announced the appointment of Wanda Goldwag as the new chair of the independent Financial Services Consumer Panel
20/02/2019
Estonia ordered Danske Bank to close its local branch by the end of 2019, due to inquiries into an alleged €200bn money-laundering scandal yesterday widening
20/02/2019
The number of new female claims for state pension benefits has fallen by 202,000 in one year following changes to the state pension age, new Department for Work and Pensions (DWP) figures have shown
20/02/2019
A majority (55 per cent) of homeowners over the age of 55 have stated that they cannot see themselves moving in their lifetime, according to a survey conducted by SunLife
20/02/2019
Specialist FTB and BTL markets
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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