More Archive News

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
In April last year, the dividend allowance shrunk from £5,000 to £2,000 and, before the cut, investors could hold around £135,000 of UK shares outside an ISA before paying tax on dividends, but now that amount is just over £46,500
19/02/2019
Regular reminders and updates on investments are a key reason why women are choosing to invest through an online website or mobile application, often for the first time, according to new research from Fidelity International
19/02/2019
London clearing houses have received authority to continue serving EU-based firms in the event of a no-deal Brexit, meaning that stocks, bonds and derivatives transactions will avoid disruption immediately after 29 March regardless of the Brexit outcome
19/02/2019
New court proceedings have started against the Pension Protection Fund (PPF), challenging its intended approach for calculating increases for savers affected by a previous European court ruling
19/02/2019
There were 370,000 new first-time buyer mortgages completed in 2018, a figure that is 1.9% higher than that reported in 2017, and the highest reported number of first-time buyer mortgages since 2006 when there were 402,800, new data revealed
19/02/2019
The quality of advisers, including unregulated introducers, advisers in different countries from the member and advisers who have previous transgressions, is the greatest area for pension scam concern, according to new research from the Pension Scams Industry Group (PSIG)
19/02/2019
Millions of workers could see their take-home pay fall in six weeks’ time when the minimum contribution amount through auto-enrolment increases
18/02/2019
A recently published court ruling could leave HM Revenue & Customs (HMRC) susceptible to new claims from investors who accidentally lose lifetime allowance ‘protection’ by forgetting to cancel contributions to their pension schemes.

The case centred on the appellant’s claim he had accidentally failed to cancel a direct debit to his pension scheme which, HMRC argues, should void his £1.8m lifetime allowance ‘fixed protection’
18/02/2019
Guaranteed minimum pension (GMP) equalisation could leave over 100,000 workers who secured 'fixed protection' schemes with unexpected six-figure tax bills, a freedom of information request supplied to Royal London has revealed
18/02/2019
Confidence in the UK’s economy fell to its lowest level since January 2018, with 36% of the British population claiming to feel optimistic about the current economic climate, the latest Lloyds Bank Spending Power Report revealed
18/02/2019
The Pensions Regulator issued almost 22,000 compliance notices in the final quarter of 2018, it has revealed
18/02/2019
Pensions Minister Guy Opperman has reiterated the government’s commitment to the triple lock and reducing the level of poverty amongst pensioners
15/02/2019
Royal Bank of Scotland (RBS) has recorded profits of £1.62bn for 2018, more than double the £752m it made a year earlier
15/02/2019
Almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in energy transition by 2021, a new study has revealed
15/02/2019
Pensioners are three times more likely to be targeted by fraudulent financial advisers, usually through the internet, than a cold calling phone scammer, according to data seen by Telegraph Money
15/02/2019
The number of homes repossessed in the UK last year fell to its lowest level since 1980, figures from UK Finance revealed
14/02/2019
The Pensions Ombudsman has upheld a complaint against Prudential with regards to the company not providing information to a member of a pension scheme it administered
14/02/2019
In the final quarter of 2018, there was 28 second charge mortgage repossessions carried out, down by 26.3 per cent when compared to the same period a year earlier
14/02/2019
Mortgage advisers have predicted “virtually no growth” in business levels in the first quarter of 2019, revealed Paragon’s latest Financial Adviser and Confidence Tracking (FACT) index.

This forecast places expected growth in mortgage transactions during the early part of 2019 at their lowest level since the onset of the global financial crisis in 2008
14/02/2019
The Competition and Markets Authority (CMA) has published its draft order of its suggested remedies into the investment consultant and fiduciary management markets
14/02/2019
A majority of British savers (67%) have claimed they are concerned about the current volatility in the stock market, and it is putting them off investing, new research has found
13/02/2019
There are now more than 170 savings accounts and cash ISAs that beat inflation, as CPI inflation fell to 1.8% in January, the lowest level recorded in two years, and below analysts’ expectations
13/02/2019
Average house prices in the UK increased by 2.5% in the year to December 2018, down from 2.7% in November 2017, and the lowest annual rate since July 2013 when it was 2.3%, the latest figures from the Office for National Statistics (ONS) has revealed
13/02/2019
The Consumer Price Index (CPI) fell for the third consecutive month to 1.8 per cent in January 2019, its lowest level since January 2017, the Office of National Statistics (ONS) has revealed
13/02/2019
Bank of England (BoE) governor Mark Carney has issued fresh warnings over a global growth slowdown, stating that a no-deal Brexit would create an “economic shock” amid rising trade tensions and a slowing economy in China
13/02/2019
Many FTSE 100 DC pension schemes are leaving their UK staff’s savings “highly exposed to climate risks”, according to new research from ShareAction
13/02/2019
A new surcharge levied on non-UK resident homebuyers is being considered as part of the government’s attempt to help control rising house prices
12/02/2019
MPs have dismissed Chancellor Philip Hammond’s forecast of a Brexit “deal dividend” that would see lower taxes and higher spending
12/02/2019
Ireland’s central bank governor Philip Lane has received support from Eurozone finance ministers to become chief economist of the European Central Bank
12/02/2019
The aggregate deficit of DB schemes in the PPF 7800 Index fell by £8.8bn in ‘the best January for stocks in 30 years’, new figures from the Pension Protection Fund (PPF) have revealed
12/02/2019
Crime groups led by “fraudster families” are running pension scams potentially worth millions of pounds, according to The Pensions Regulator
12/02/2019
The Secretary of State for Work and Pensions Amber Rudd has outlined plans to introduce a seven year jail term for the “wilful or reckless behaviour” of company directors who play “fat and loose” with their pension scheme
11/02/2019
UK economic growth slowed to just 0.2% in the final quarter of 2018, while quarterly gross domestic product (GDP) growth slowed after a strong third quarter where it grew 0.6%, new data has revealed
11/02/2019
Chancellor Philip Hammond is yet to confirm how much money will be made available to be allocated among departments at his forthcoming spending review, though think tank the Institute for Fiscal Studies (IFS) said he will need to find “extra billions” to end austerity
11/02/2019
The Department for Work and Pensions (DWP) is looking into new ways it can gather information on the attitudes to working of older people, to avoid “missed opportunities” when policy making
11/02/2019
Specialist lender Foundation Home Loans yesterday announced the promotion of Grant Hendry to head of national accounts
08/02/2019
The Pensions Minister, Guy Opperman, has confirmed that pension providers will be obligated to provide data for the upcoming pensions dashboard in a parliamentary debate held on 6 February
08/02/2019
Last night ministers were accused of sneaking through a stealthy ‘death tax’, which could result in grieving families having to pay a £6,000 bill to access a lost loved one’s estate, the Daily Mail has reported
08/02/2019
Consumer finance new business grew by 4% in December 2018, increasing to £7.9bn, when compared to the same month in 2017, and by 5% in the fourth quarter of 2018 as a whole, new research has found
08/02/2019
The Single Financial Guidance Body (SFGB) has decided on a new name, but its unveiling is being held up in Parliament because of Brexit
08/02/2019
The shortlist for The Mortgage Awards 2019 has been revealed
07/02/2019
The Bank of England’s (BoE) monetary policy committee (MPC) has, as expected, voted unanimously to leave interest rates unchanged at 0.75 per cent, warning of a UK economic slowdown
07/02/2019
An accounts manager who attempted to conceal that restaurants had not given their staff workplace pensions has been ordered to pay £5,000 by The Pensions Regulator (TPR)
07/02/2019
Royal Bank of Scotland (RBS) shareholders have agreed to a plan that allows it to buy up to £1.5bn worth of shares from the government, just hours after the Labour party announced it would prevent such a move if it came to power
07/02/2019
One in four adults will be relying on family and friends to lend them cash, as they feel the January squeeze on finances, new research from Charter Savings Bank has revealed
07/02/2019
House prices in the three months to January were 0.8% higher than in the same three months a year earlier, dropping from the 1.3% annual growth rate recorded in December, new data has revealed
07/02/2019
Nearly two-thirds (65 per cent) of financial intermediary companies expect the Financial Conduct Authority (FCA) to supervise the identifying and protecting of vulnerable consumers in the next five years
07/02/2019
Insurance firm Royal London has received approval to transfer more than £1bn worth of assets to Ireland as it ramps up its Brexit contingency planning
06/02/2019
The parent company of Virgin Money, CYBG, posted a 1.5 per cent mortgage growth for the first quarter of its financial year, though has warned of uncertain market conditions ahead
06/02/2019
Victims of investment fraud lost over £197m in 2018 as scammers use increasingly “sophisticated tactics” to persuade people to invest their savings, according to new figures from Action Fraud
06/02/2019
A new rapid response scheme developed by banks in collaboration with police forces prevented fraud victims from being scammed out of £38m in 2018, according to new figures published by UK Finance
06/02/2019
Government delays to pension reforms could result in low earners being thousands of pounds worse off, according to analysis from Trades Union Congress (TUC)
06/02/2019
The Global Financial Innovation Network (GFIN), a network of 29 regulatory bodies chaired by the UK’s Financial Conduct Authority (FCA), has opened applications for its cross-border testing pilot, the regulator reported in a statement
05/02/2019
The accounting deficit of DB pension schemes in the FTSE 350 remained unchanged at £41bn in January, Mercer’s latest figures have revealed
05/02/2019
The Financial Conduct Authority (FCA) has fined former Newton Investment Management fund manager Paul Stephany £32,000 for his conduct in relation to an initial public offering (IPO) and a placing
05/02/2019
Some industry members insisted that member outcomes could improve if defined benefit pension consolidation becomes commonplace in their responses to the government’s consultation
05/02/2019
The Financial Conduct Authority (FCA) yesterday published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in
05/02/2019
One third of UK workers plan on continuing to work once they reach state pension age, research from Rest Less has found
04/02/2019
A majority of UK property investors are set to expand their portfolios in 2019, remaining resilient despite a backdrop of political uncertainty and a squeeze on affordability, new research has found
04/02/2019
Now Pensions has been forced by The Pensions Regulator to overhaul its administration system, after it emerged that the master trust had failed to collect an estimated £18m in pension contributions
04/02/2019
HM Revenue & Customs (HMRC) collected an extra £3.75bn from small and medium-sized enterprises (SMEs) last year as a result of investigations into the underpayment of VAT, a 12 per cent increase on the previous year
04/02/2019
The combined deficit of FTSE 100 DB pension schemes increased by £1bn to £21bn during January 2019, JLT Employee Benefits' latest monthly funding update has revealed
04/02/2019
Pension investors will receive approximately £25.6bn in tax relief this year, according to the latest official figures
01/02/2019
Savers can now invest in premium bonds with just £25, as National Savings & Investments (NS&I) has today announced the reduction of the minimum initial investment for premium bonds from £100 to £25
01/02/2019
Annual house price growth “almost ground to a complete halt” in January, with prices just 0.1% higher than in the same month last year, Nationwide’s most recent House Price Index revealed
01/02/2019
The government faces increased public pension costs of around £4bn per year following the defeat of its appeal in the courts
01/02/2019
The amount of cash people are holding has almost doubled from £363bn in 2001-2003 to £711bn between 2014-16, according to the latest UK Personal Statistics published by HM Revenue & Customs
31/01/2019
The net cost of pension tax relief is forecast to reach £43.7bn in 2018/19, the latest data from HMRC has revealed
31/01/2019
Pension providers and advisers will be expected to pay £240m levy to the Financial Services Compensation Scheme (FSCS) over 2019/20, an increase of £43m on the previous nine months
31/01/2019
Barclays has been given the all clear to transfer £166bn of assets to its Irish subsidiary as the bank “cannot wait any longer” to implement its no-deal Brexit strategy amid ongoing political uncertainty
31/01/2019
The Department for Work and Pensions (DWP) should “seize the moment” over DB pensions benefit simplification, according to Royal London director of policy, Steve Webb
31/01/2019
HM Revenue & Customs (HMRC) has over-taxed pension savers by more than £400m since the start of pensions freedoms in 2015, new figures issued yesterday revealed
31/01/2019
The Association of Taxation Technicians (ATT) has expressed concerns that changes designed to limit the amount of losses which the largest companies can set against capital gains will create additional obligations for all companies
30/01/2019
Brexit could result in British pensioners living in the European Union (EU) not receiving their annual state pension increases
30/01/2019
Despite the display of confidence in Prime Minister Theresa May as her Brexit deal received a majority vote in the House of Commons, the pound slipped from its twelve month high against the euro today
30/01/2019
Annual consumer credit growth slowed to 6.6% in December 2018, highlighting the continuation of “relatively weak flows”, according to the Bank of England’s (BoE) Money and Credit – December 2018
30/01/2019
The Equity Release Council has written to the government arguing for “housing wealth” to be included in the design of the pensions dashboard, so people are better able to see how it can support them in retirement
30/01/2019
Personal insolvencies reached their highest levels since 2011, with individual voluntary arrangements (IVAs) at the highest annual level recorded, highlighting the requirement for more education, according to TDX Group head of financial difficulties Richard Haymes
29/01/2019
The Financial Conduct Authority (FCA) has warned that the “end-game” for LIBOR interest rates could be “uncertain”, urging banks and businesses to move to alternatives “rapidly”
29/01/2019
The Bank of England (BoE) reported an increase in the amount of people storing cash as a result of low interest rates and Brexit uncertainty
29/01/2019
Some victims of pension scams have lost more than £1m in savings to fraudsters, The Pension Regulator has revealed
29/01/2019
Brexit has been named as the biggest threat for advice, chosen by just over half (51 per cent) of advisers surveyed in new research by Aegon
29/01/2019
Lloyds Bank has launched a 100 per cent loan-to-value (LTV) mortgage product linked to a savings account in a bid to support more first-time buyers getting a foot on the property ladder
28/01/2019
The Financial Conduct Authority (FCA) is consulting on plans to introduce ‘investment pathways’, as well as introducing new rules on ‘wake up packs’, in order to stop 100,000 consumers a year losing out on pension income
28/01/2019
The Investment Association (IA) announced on Friday the launch of the first industry-wide consultation on sustainability and responsible investment
28/01/2019
The short supply of illiquid assets in the UK could lead to a capacity crux in the bulk annuity market over the longer term, Legal and General has warned
28/01/2019
Specialist mortgage lender Vida Homeloans has today announced an overhaul of its product range, marking the largest change since the lender launched into the market in October 2016
25/01/2019
The average value of pensions freedoms withdrawals per person fell to a record low of £7,197 in Q4 2018, down from £7,597 in the previous quarter, according to new figures from HMRC
25/01/2019
The UK’s largest mutual life, pensions and investment company Royal London has reunited 36,000 customers with lost ‘penny policies’, holding a value of more than £14m
25/01/2019
The Treasury Committee has today launched a new inquiry into the future of the UK’s financial services, once it has departed from the European Union (EU)
25/01/2019
The cost of GMP equalisation could be less than 1 per cent of total scheme liabilities for more than half of all pension schemes, XPS has found
25/01/2019
In the fourth and final quarter of 2018, £136 of housing wealth was unlocked every second between October and December, almost matching the weekly state pension allowance of £164, according to the year-end market figures from the Equity Release Council (ERC)
24/01/2019
The average default fund fell on average by 5.63 per cent in 2018, which proved to be “a tricky year for pension investors”, according to new research from Hargreaves Lansdown
24/01/2019
Household debt in the UK has not yet hit unsustainable levels, according to Bank of England (BoE) deputy governor for monetary policy Ben Broadbent
24/01/2019
The Bank of England (BoE) has said it is “broadly on track” with its efforts to prevent European Union (EU) banks and insurers from relocating their UK branches post Brexit
24/01/2019
More than 200,000 parents risk missing out on their future state pension entitlements in families where one parent does not work due to childcare commitments, HMRC has warned
24/01/2019
In the 2018 calendar year, inheritance tax (IHT) receipts reached £5.221bn, illustrating a steady increase when compared to the £4.8bn figure recorded a year earlier, according to the statistics published in HM Revenue & Customs (HMRC) most recent HMRC Tax and NIC Receipts report.

However, financial advice firm NFU Mutual has revealed that the new prospect of new probate fees could trigger a spike in receipts this year (2019) as executors rush to beat the April deadline
23/01/2019
The Financial Conduct Authority (FCA) is consulting on guidance which will set out the cryptoasset activities it regulates
23/01/2019
The aggregate FTSE 100 DB pension scheme allocation to bonds rose to 66 per cent, as of 30 June 2018, up from 63 per cent on 30 June 2017, JLT Employee Benefits has revealed
23/01/2019
Litigation funder IMF Bentham has partnered with legal experts Quinn Emanuel and Njord Law Firm, and intends to file a shareholder lawsuit against Dankse Bank by July over its €200bn (£175.6bn) money laundering scandal, Reuters has reported
23/01/2019
Preventing Brexit would “corrupt democracy”, according to the chief executive of specialist bank Investec
23/01/2019
The number of women working part-time compared to men risks making the pensions savings gap even worse, Aegon has warned
23/01/2019
Between September and November the number of those in employment significantly increased when compared to the figure recorded for the period between June and August, which will prove to be encouraging for both women and investors alike, according to industry professionals
22/01/2019
Pensions Minister Guy Opperman has responded cagily to a question asking whether the Department for Work and Pensions (DWP) had made an assessment of the effect on mixed-age couple the changes to eligibility for Pension Credit will have
22/01/2019
The real world applications of Open Banking are beginning to unfold and should be “commonplace” by the end of 2019, according to the regulatory initiative’s policy chief
22/01/2019
Tax officials were forced to apologise yesterday for two mistakes over late-payment fines, despite HM Revenue & Customs (HMRC) last weekend denying that taxpayers were being charged for failing to submit their self-assessment returns online, even though there is still almost two weeks before the deadline
22/01/2019
Employers lack the confidence and knowledge required to support their staff with financial concerns, despite workplace absence brought about by a lack of financial wellbeing costing businesses 4.2 million worker days each year, research from Aegon has revealed
21/01/2019
A quarter of high-net worth (HNW) investors (those with over £100,000 in investable assets) currently hold more than 50% of their wealth in cash, according to new research from Rathbone Investment Management
21/01/2019
Tens of thousands of savers risk a savings shortfall in later life due to neglecting their remaining pot after taking a tax-free cash lump sum, Zurich has warned
21/01/2019
The Insolvency Service has applied to wind-up 24 companies, connected to 3,750 pension-scam victims, for “pension misuse” since 2015, according to its latest figures
21/01/2019
Just over two thirds (67%) of drawdown investors who said they would be concerned by stock market fluctuations, claimed that markets would need to fall by 7.5% on average in a single day to spook investors enough to review and move their money, new research has found
21/01/2019
Consumers are still paying hundreds of pounds as retailers are illegally charging for card payments, despite credit and debit card surcharges being banned in January 2018, a BBC investigation has found
21/01/2019
Work and Pension Committee chair Frank Field has written to the Secretary of State for Work and Pensions Amber Rudd, asking for her to clarify a number of issues arising from the government’s changes to the Pension Credit
21/01/2019
More than a quarter of people (27%) have started the new year feeling uneasy about their finances, according to findings commissioned from YouGov by StepChange Debt Charity
21/01/2019
The government should switch to using one single general measure in order to fix an error in the retail price index (RPI), in a move which could negatively affect private sector pension deficits
18/01/2019
The Financial Conduct Authority (FCA), which regulates the country’s largest financial firms, has revealed that it pays its male employees more than its female staff
18/01/2019
The pensions industry could be facing a “capacity crunch” once schemes fully understand the process of equalising guaranteed minimum pensions (GMP), it has been suggested
18/01/2019
There were 36,200 new first-time buyer mortgages completed in November 2018, some 5.8% more than in the same month a year earlier, new figures from UK Finance revealed
17/01/2019
Consumers are bracing themselves for a major financial crisis and housing crash this year, according to a new poll from wealth management firm Spearvest
17/01/2019
Fresh fears for the future of London’s property market were introduced this morning, with a new survey from the Royal Institution of Chartered Surveyors (Rics) forecasting the lowest level of growth in the capital in two decades
17/01/2019
The Competition and Markets Authority (CMA) is set to consult on the draft order of its suggested remedies into the investment consultant and fiduciary management markets in mid-February, it has confirmed
17/01/2019
The pound is gaining ground following the defeat of Theresa May’s Brexit deal in the House of Commons, rising above $1.28 after falling below $1.27 in the lead up to the vote
16/01/2019
Retired homeowners released £3.6bn in new property wealth last year, with the equity release market doubling in size in just three years, according to new data from equity release adviser Key
16/01/2019
Last night banking giant Santander shocked the industry when it reversed its decision to appoint Andrea Orcel as its new chief executive, stating that the cost of compensating him for leaving his previous role was too high
16/01/2019
Workers who need to top up their state pension to fill in past contribution gaps should do so before 6 April, or risk paying a hike in contributions, experts have warned
16/01/2019
The Consumer Prices Index fell to 2.1 per cent in December 2018, down from 2.3 per cent in November 2018, new statistics from the Office for National Statistics has revealed
16/01/2019
The Department for Work and Pensions (DWP) has “sneaked out” an announcement that will cut benefits available to some older ‘mixed age’ couples by over £7,000 per year
15/01/2019
Under fire self-invested personal pension (SIPP) provider Liberty SIPP has been accused putting pension investments at risk when allowing clients to invest in unregulated overseas carbon credits schemes
15/01/2019
Property prices across a number of markets are going to fall this year as a result of the uncertainty surrounding Brexit and the US trade policy, estate agency Savills has predicted
15/01/2019
Hargreaves Lansdown has warned that there will be “winners and losers” in its response to the government’s collective defined contribution (CDC) scheme consultation
15/01/2019
The ISA was introduced 20 years ago in April 1999 and, in that time, £8.74trn has been placed in the savings vehicle, while an estimated £30bn has been saved in income tax, according to Hargreaves Lansdown
14/01/2019
Just Group has transformed its lifetime mortgage proposition with the launch of its new Just for You Lifetime Mortgage solution, providing flexibility and greater choice for advisers and their clients; and more...
14/01/2019
Those approaching or in retirement could be faced with unexpected tax bills due to low levels of awareness of the Money Purchase Annual Allowance (MPAA), with 22 per cent of consumers unaware of the annual limit you can pay into your pension after drawdown, new research from Canada Life has found
14/01/2019
Over half (52%) of brokers feel as though the specialist lending market will grow by at least £1bn over the next six months, according to a survey conducted by Bluestone Mortgages
14/01/2019
Lloyds Banking Group has been slammed by labour MP Rachel Reeves, who also chairs the Business, Energy and Industrial Strategy Select Committee (BEISSC), for trying to “game the system” with its new overdaft fees
14/01/2019
The number of people who have been automatically enrolled into a pension scheme has increased to 9.985 million over December, according to The Pension Regulator’s (TPR) latest figures
14/01/2019
Treasury Committee chair Nicky Morgan has slammed the Financial Conduct Authority (FCA) for “flat-out and wrongly” refusing to bring commercial lending into regulation, arguing that loans to small and medium sized enterprises (SMEs) should be regulated
11/01/2019
The government yesterday announced that Bill Dodwell will succeed Paul Morton as tax director for the Office of Tax Simplification (OTS)
11/01/2019
The UK’s major banks are robust enough to cope with a no-deal Brexit, though the sector’s outlook for 2019 will hinge on the UK’s departure from the European Union (EU), S&P Global Ratings yesterday announced
11/01/2019
Consumers lacking an “adequate” retirement income is the “central challenge” facing the pensions sector in 2019, according to the Financial Conduct Authority (FCA)
11/01/2019
Pension transfer values increased from £230,000 to £235,000 over a volatile December, XPS Pensions Group has revealed
11/01/2019
The current political climate is acting as a primary deterrent for those in a strong financial position and ready to begin their climb on the property ladder, research from OneFamily has revealed
10/01/2019
Financial Conduct Authority (FCA) chief executive Andrew Bailey wrote to Treasury Committee chair Nicky Morgan to address the treatment of ‘mortgage prisoners’ and remove the barriers preventing them from switching to a more suitable deal
10/01/2019
Sterling would rocket by at least 4 per cent if parliament can agree on Prime Minister Theresa May’s Brexit proposals in a scheduled vote next week, JP Morgan Asset Management has said
10/01/2019
Treasury Select Committee chair Nicky Morgan has slated the government over its Brexit outcome analysis, claiming it has illustrated the “most optimistic” model without addressing the backstop or addressing the short-term impacts of leaving the European Union (EU)
10/01/2019
Nearly seven in 10 (69 per cent) home owning pensioners eligible for state support were failing to claim their full benefits entitlement in 2018, according to new research by Just Group
10/01/2019
In 2018, after years of card payments slowly weighing in on the dominance of cash transactions, cashless has now overtaken as the most popular method of payment, research from Merchant Machine has revealed
09/01/2019
TSB has announced a new £200,000 partnership with the Metropolitan Police (Met) to combat fraud and hunt down the criminals that sit behind it
09/01/2019
The pension cold-calling ban will take effect today, 9 January, making it illegal for any member to receive unsolicited calls about their pension
09/01/2019
Approximately 70 per cent of central banks are researching how to use digital currencies, a survey by the Bank for International Settlements (BIS) has revealed, stating that the banks are “proceeding cautiously” with plans
09/01/2019
Deutsche Bank is set to slash its bonus pool by approximately 10 per cent after a tough year for Germany’s largest bank
09/01/2019
Britons under the age of 32 are the most optimistic about the age at which they plan to retire, despite being the age group that is least financially prepared, research from Navigate Wealth has found
09/01/2019
More than half of savers (53%) are still intending to rely on ISAs to protect interest on their “nest egg” from the tax man, new research from Leeds Building Society (LBS) has revealed
08/01/2019
The aggregate deficit of DB schemes in the PPF 7800 Index increased by £46.2bn over December, the Pension Protection Fund has revealed
08/01/2019
Household debt across the UK has reached a new peak, totalling £428bn, analysis from the Trades Union Congress (TUC) has revealed
08/01/2019
House prices in the three months to December were 1.3% higher than in the same three months a year earlier, up from the 0.3% annual growth rate recorded in November, the latest Halifax House Price Index has revealed
08/01/2019
The Royal Bank of Scotland (RBS) has invested in a digital current account targeted towards students and young people that has set out to rival challenger Monzo and Starling
08/01/2019
Compensation payouts to members who have been wrongly advised to transfer out of DB schemes have doubled to £40m in two years, new data from the Financial Services Compensation Scheme (FSCS) has revealed
08/01/2019
The Work and Pensions Committee has launched an inquiry into contingent charging in order to gather evidence around the likelihood it increases bad advice, it has been revealed
07/01/2019
Self-Assessment taxpayers could potentially be subject to late payment interest due to incorrect payment reminders they have received from HM Revenue & Customs (HMRC), according to leading accounting, tax and advisory firm Blick Rothenberg
07/01/2019
Those poorest in retirement are the ones gambling most with pension freedoms, leaving them acutely vulnerable to a downturn, new analysis from retirement specialist Responsible Life has revealed
07/01/2019
The average divorced woman over 50 has a pension wealth of £131,000 compared with £454,000 for the average married couple, new research from Royal London has found
07/01/2019
The FTSE 350 DB pension deficit increased by 28 per cent in 2018, from £32bn to £41bn, figures from Mercer have revealed
07/01/2019
Four of Barclays’ most senior bankers will appear in court today on charges in relation to a loan the bank received from Qatar at the peak of the financial crisis
07/01/2019
Some industry members have questioned the Resolution Foundation's recent proposal of capping tax-free lump sums for pensions at £40,000
07/01/2019
Almost 5,000 pension transfers were completed by firms who were later told to exit the market, after the Financial Conduct Authority (FCA) found issues with their advice, it has been revealed
07/01/2019
Friday 4 January 2019 has been dabbed “Fat Cat” Friday as, in just three working days, the UK’s top CEOs earn more than what a typical full-time worker will earn in a year, new calculations have found
04/01/2019
The Retail Asset Management Awards 2019 shortlist has been revealed
04/01/2019
Three former Credit Suisse bankers were yesterday arrested in London on the grounds that they were involved in a $2bn fraud scheme involving state-owned companies in Mozambique
04/01/2019
Tightening up five of Britain’s existing wealth taxes and subsidies could raise almost £7bn a year by 2022-23, while also providing a down payment on covering the £36bn a year increase in the cost of public services by 2030, the Resolution Foundation has said
04/01/2019
The government has rejected a call to alter legislation on interest rates for late payment of Pension Protection Fund (PPF) levies for small and medium enterprises (SMEs), made by Work and Pensions Committee (WPC) chair Frank Field
04/01/2019
The Financial Ombudsman Service (FOS) is expecting to receive 14,500 investment and pension complaints to over 2018/2019, a 15 per cent increase on the 12,632 received over the previous year
04/01/2019
A quarter (24%) of people fear a reduction in the ISA allowance, while others worry about cuts to pension tax relief and death benefits, according to a survey conducted by AJ Bell.

The survey revealed that 15.5% of respondents are concerned about the removal of pension death benefits, while 15% are worried about the removal of higher rate tax relief on pensions and 14.7% fear a reduction in the pension annual allowance
03/01/2018
Chancellor Philip Hammond has today announced the appointment of Dame Colette Bowe and Dame Jayne-Anne Gadhia as external members of the Financial Policy Committee (FPC)
03/01/2019
The government's Single Financial Guidance Body (SFGB) went live on 1 January 2019, aiming to consolidate government-sponsored financial guidance
03/01/2019
More than 5.5 million taxpayers need to complete their Self Assessment tax returns for the tax year 2017 to 2018 before the deadline of 31 January 2019, HM Revenue & Customs (HMRC) has warned
03/01/2019
First-time buyer mortgage approvals hit their highest level in more than ten years in 2018, revealed the latest data from UK Finance
03/01/2018
The combined deficit of FTSE 100 DB pension schemes dropped by £13bn to £20bn over the past 12 months, according to JLT Employee Benefits' latest monthly funding update
02/01/2019
As the debit card overtook cash as the UK’s most popular payment method in 2017, ex-financial ombudsman chief ombudsman Natalie Ceenie has warned that the UK is at risk of becoming a cashless society, having a detrimental effect on millions of people
02/01/2019
Employers would support a “small increase” in automatic enrolment pension contributions after the planned April 2019 rise, a report from the Association of Consulting Actuaries (ACA) has found
02/01/2019
Over half (58%) of people have cut back on spending in 2018, saving an average of £125 a month, according to the latest Lloyds Bank Spending Power Report
02/01/2019
Gross mortgage lending across the residential market in November 2018 was £23.1bn, falling by 2% when compared to the figure posted in November 2017, according to the latest data from UK Finance’s Household Finance Update – November 2018
02/01/2019
The Pensions Ombudsman has released a consultation on making a new provision for dispute resolution, in particular “a function for early resolution of disputes before a determination”
21/12/2018
HM Revenue & Customs (HMRC) have recently today published its latest HMRC & NIC Receipts, which revealed that inheritance tax (IHT) receipts hit £3.7bn in the first eight months of the tax year and are on course to hit record levels in 2018/19
21/12/2018
The value of residential product transfer is set to hit £150bn by the end of this year, but an “advice gap” in the remortgage is still prevalent, conveyancing firm LMS has warned
21/12/2018
Pension withdrawals through drawdown or cash withdrawals totalled £5.7bn in 2017, new data from the Association of British Insurers (ABI) has revealed
21/12/2018
The ban on pension cold-calling has been approved by parliament and will take effect from 9 January 2019 to help tackle pension scams
20/12/2018
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today unanimously voted to maintain Bank Rate at 0.75 per cent
20/12/2018
Eleven banks have been selected to join a £350m scheme designed to encourage small businesses to move away from RBS in a bid to increase competition
20/12/2018
The Pensions Regulator has questioned six people in connection with a suspected pension fraud totalling £18m, it has revealed
20/12/2018
On average, house prices fell by 0.2% in October when compared to September, despite growing by 2.7% on an annual basis, taking the average price of a property in the UK to £231,095, new research has found
19/12/2018
The UK government has released guidance confirming that UK nationals living in the European Union (EU) will still receive their state pension in a no deal Brexit scenario
19/12/2018
Santander has been fined £32.8m by the Financial Conduct Authority (FCA) after failing to transfer funds worth more than £183m to beneficiaries from the accounts of its deceased customers
19/12/2018
The Consumer Prices Index rate of inflation dropped down to 2.3 per cent over November, down from 2.4 per cent in October 2018, the Office for National Statistics has revealed
19/12/2018
The Competition and Markets Authority (CMA) has published an update paper outlining serious competition concerns and has proposed changes to legislation to improve the audit sector to benefit both savers and investors
18/12/2018
The Financial Reporting Council should be scrapped and replaced with an independent statutory regulator, according to Sir John Kingman
18/12/2018
The Financial Conduct Authority (FCA) has today announced proposals to amend the way in which banks charge for overdrafts, which would bring an end to banks charging higher prices for unarranged overdrafts
18/12/2018
The Pensions Regulator has named Charles Counsell as its new chief executive, taking over from Lesley Titcomb who will leave in February 2019
18/12/2018
The European Banking Authority (EBA), the EU’s banking watchdog, has criticised lenders for not informing customers how they could be affected by Brexit
18/12/2018
UK bank stress tests could include investigating the financial system’s resilience to the impact of climate change from 2019, Bank of England (BoE) governor Mark Carney yesterday announced
18/12/2018
The government has announced that it will publish a paper setting out “targeted interventions and partnerships” to boost pension saving amongst the self-employed early next year
18/12/2018
State pension income made up an average of 57 per cent of the total retirement income for those aged over 65, with the state pension age providing “the bedrock for later life”, according to research from Just Group
17/12/2018
The Financial Conduct Authority (FCA) is under fire for allowing Lloyds Banking Group (Lloyds) to create a “flawed” compensation scheme for victims of fraud
17/12/2018
The Financial Conduct Authority (FCA) has recently published new rules which allow victims of authorised push payment (APP) fraud to complain to the payment services provider (PSP) receiving their payment
17/12/2018
Official figures have revealed that a million workers are off sick for more than a month every year, with Royal London statistics finding that over half (52%) of them would worry about their income if they were to become too ill to work for longer than a month
17/12/2018
Following his appointment as chairman of London Stock Exchange Group with effect from 1 May 2019, Don Robert is to step down as a non-executive director at the Court of the Bank of England (BoE) from that date
17/12/2018
Former BHS owner Dominic Chappell has been fined £124,000 for failing to hand over information to The Pensions Regulator in relation to the collapsed retail chain’s pension scheme
17/12/2018
Following months of speculation, the Financial Ombudsman Service (FOS) has issued landmark decisions against Liberty Sipp, the self-invested personal pension (SIPP) provider that has recently come under fire
14/12/2018
The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) boards have appointed new members to three decision-making committees
14/12/2018
The Financial Conduct Authority (FCA) has banned Angela Burns from acting as a non-executive director (NED) and fined her £20,000 for failing to act with integrity at two mutual societies
14/12/2018
Women and men both face years in “not good” health before they reach retirement, data from the Office of National Statistics has shown
14/12/2018
Defined benefit pension transfer values increased to £8.6bn in the third quarter of 2018, data from the Office for National Statistics has revealed
13/12/2018
The “squeezed middle” are the people that are most worried about having adequate retirement savings, Aon has revealed
13/12/2018
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published a joint consultation paper on proposals for new reporting requirements that would apply to mortgage lenders and home finance administrators.

In this paper, the two regulators have set out proposals for new reporting requirements that would impact mortgage lenders, and contains proposals made solely by the FCA in relation to its objectives, along with joint proposals that are given effect through a combination of PRA and FCA rules
13/12/2018
The European bank which funds international development will cease paying for coal projects in a bid to reduce carbon emissions, it announced yesterday
13/12/2018
Further fears in relation to the future of London’s property market have been highlighted, with the Royal Institution of Chartered Surveyors (Rics) today forecasting further price falls in the capital as Brexit concerns take their toll
13/12/2018
The recommendations detailed in the Competition and Markets Authority’s (CMA) final report have broadly been met with support from industry members, who have encouraged others to implement the suggestions as soon as possible
13/12/2018
Fintech banking startup Revolut has finally secured a full European banking license, after applying for authorisation over twelve months ago in Lithuania
13/12/2018
The Financial Conduct Authority (FCA) has today proposed changes to further enable retail investors to invest patient capital through unit-linked funds
12/12/2018
Almost 2.5 million (12%) young adults have returned to live in their parents’ home with their partner in tow, with a quarter of those doing so to save for a house deposit, new research from Churchill Home Insurance has found
12/12/2018
Pension schemes must run a competitive tender before choosing a fiduciary manager for more than 20 per cent of its assets, and if already delegated they must do so in the first five years, the Competition and Market Authority (CMA) has confirmed
12/12/2018
In October, there were 50,500 new homeowner remortgages completed, some 23.2% more than in the same month a year earlier, with the £9.2bn of remortgaging in the month marking year-on-year growth of 22.7%, new data has revealed
12/12/2018
The number of people who have been automatically enrolled into a pension scheme has increased to 9.96 million over November, according to The Pension Regulator’s latest figures
12/12/2018
The share of new lending for buy-to-let (BTL) purposes declined to 12% in the third quarter of 2018, its lowest record level since Q4 2012, while the value of residential mortgage loans continued to increase, new data has revealed
11/12/2018
A hard Brexit scenario could result in a £219bn increase in the aggregate buyout deficit of UK pension funds, according to Cardano
11/12/2018
Royal London has today announced that group CEO Phil Loney has decided to stand down by the end of 2019, explaining that he intends to focus on his longstanding charitable interests in the international development sector and supporting those with learning difficulties
11/12/2018
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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