More Archive News

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
The Co-operative Bank yesterday announced it would bid for a share of the Royal Bank of Scotland’s (RBS) £775m fund aimed at bolstering competition in the business banking market
11/12/2018
Just under half (49 per cent) of consumers do not think that Financial Services Compensation Scheme (FSCS) protection applies to pension products, research from Populus has found
11/12/2018
A relatively high proportion of advisers (22%) are unsure of what asset class they would expect to generate the best returns over the next year, new research has found
10/12/2018
Pension transfer values fell from £235,000 to £230,000 over November, fluctuating throughout the month, XPS Pensions Group has revealed
10/12/2018
The Bank of England (BoE) has said it will delay work on a cyber stress test for banks as it focuses on Brexit preparations, according to minutes published today
10/12/2018
Royal London director of policy Steve Webb is in the running to become the next chief executive of The Pensions Regulator
10/12/2018
A new legislative and regulatory regime requiring defined benefit superfunds to be authorised will be put in place under new plans announced by the government today, 7 December
07/12/2018
The Chartered Institute of Taxation (CIOT) has warned the government that “constant tinkering” with left field changes to tax rates and allowances undermines the consistency that taxpayers and businesses crave, and risks reducing international competitiveness
07/12/2018
Royal Bank of Scotland (RBS) is advancing plans to transfer billions of pounds worth of assets to the Netherlands next March is Britain departs from the European Union (EU) without a deal
07/12/2018
Annual house price growth across the UK in the three months to November was 0.3% higher compared to the same three months a year earlier, the latest Halifax House Price Index has revealed
07/12/2018
Pension scheme members that take advantage of the pension freedom reforms without taking advice first, risk paying too much tax, LEBC director of public policy, Kay Ingram, has warned
06/12/2018
The Financial Conduct Authority (FCA) has expressed its disappointment to have found that less than 50 per cent (49 per cent) of the pension transfer advice it reviewed was deemed as “suitable”
06/12/2018
Brexit secretary Stephen Barclay has pledged to increase state pensions of UK nationals living in the European Union (EU) in the event of a no-deal, though the EU must reciprocate the agreement
06/12/2018
Four in five (80 per cent) of pension schemes think they are likely to become cash flow negative within the next five years, according to research by PwC
06/12/2018
Investors fled the markets in October, with net outflows of £1.6bn throughout the month, compared to inflows of £5.3bn last October, the latest Investment Association figures revealed
06/12/2018
Today the Financial Conduct Authority (FCA) has revealed that it found “some inconsistencies” in how mortgage lenders treat customers who have long-term mortgage arrears
06/12/2018
Both the Chartered Institute of Taxation (CIOT) and the Low Incomes Tax Reform Group (LITRG) have welcomed the publication of a major new report published by the House of Lords Economic Affairs Committee on HMRC powers and taxpayer safeguards
05/12/2018
The state pension age begins increasing to the age of 66 from 65 today, as analysis by Aegon reveals the proportion of people in receipt of the state pension has dropped in the past 10 years
05/12/2018
Bank of England (BoE) governor Mark Carney yesterday reassured his critics in front of an audience of MPs that his recent Armageddon scenario was not an “exam crisis”
05/12/2018
Financial advisory firms are crumbling under the pressure of a dwindling talent pool and a shortage of specialist skills as competition heats up, according to new research from EY
05/12/2018
The total deficit of FTSE 350 DB pension schemes fell to £17bn, as of 30 November, according to research from Mercer
05/12/2018
Pensions Minister Guy Opperman has confirmed that the auto-enrolment earning threshold will stay frozen at £10,000 for 2019/20
05/12/2018
Young people whose parents have property wealth are now almost three times as likely to be homeowners by the age of 30, compared to those whose parents have no property wealth, according to a new report published by the Resolution Foundation
04/12/2018
The number of people visiting the ScamSmart website increased from 31,000 in the 55 days prior to the launch of the campaign to 173,000 in the 55 days after
04/12/2018
Peer-to-peer lender Zopa has recently announced that it has acquired its banking license, following up on hints that it would launch a bank
04/12/2018
Powers granted to HM Revenue & Customs (HMRC) to combat tax avoidance have been have been deemed to risk undermining the rule of law and access to justice, a House of Lords report has concluded
04/12/2018
The Financial Conduct Authority (FCA) has written to banks warning them about moving business away from the UK in a bid to combat the implications of Brexit
04/12/2018
The government has released its dashboard consultation and feasibility study, which has revealed its plan to have multiple pensions dashboards
04/12/2018
Workers approaching retirement have named not having enough money as their biggest retirement fear, according to data from Hargreaves Lansdown
04/12/2018
One Mortgage System (OMS), the processing platform for brokers, has boosted its specialist lending offering with the addition of The Mortgage Lender (TML); and more...
03/01/2018
The combined deficit of FTSE 100 pension schemes dropped by £21bn to £1bn over the past 12 months, according to JLT Employee Benefits' latest monthly funding update
03/12/2018
The TaxPayers’ Alliance (TPA) campaign group has called for lower taxes as the poorest families struggle to cope with the current levels
03/12/2018
Prime Minister Theresa May has reaffirmed her support for the delivery and launch of the pensions dashboard
03/12/2018
A leading think tank has called on the government to abolish stamp duty for pensioners in a bid to encourage downsizing and to free up homes for younger families
03/12/2018
Advisers are increasingly optimistic about the future of the industry with growing numbers predicting expansion and happy to recommend financial advice as a career, new research from Prudential has revealed
03/12/2018
A judge has granted permission for a judicial review to be conducted to look into the alleged mishandling of raising the state pension age for women born in the 1950s
03/12/2018
The Help to Buy scheme has seen a 15% year-on-year increase in its use in England, with 49,264 properties being purchased, while in London its use has risen by a staggering 34%, new data has revealed
30/11/2018
Nearly all employers (97 per cent) are planning on either maintaining or increasing their spending on employee benefits over the next two years, according to new research from the CIPD and LCP
30/11/2018
The deficit of UK defined benefit pension funds at the end of November was £230bn, the same level as the end of the previous month, according to new data from PwC
30/11/2018
Hargreaves Lansdown Lifetime ISA (LISA) bonuses hit £50m this month, the firm has revealed
30/11/2018
Almost one-third of 25-44 year-olds have received no form of correspondence from any of their pension providers, new research has found
30/11/2018
Danske Bank was yesterday charged on four counts of breaking Danish money-laundering laws following a tremendous scandal at its Estonian affiliate
29/11/2018
Just under a quarter (23 per cent) of people believe their retirement is likely to be a financial struggle, according to new research from Aviva
29/11/2018
All of the UK’s largest banks passed intensive stress tests as the Bank of England (BoE) heralded the resilience of the UK’s financial system, it was revealed yesterday
29/11/2018
One of the UK’s leading tax specialists, DSR Tax Claims, has called for changes to the taxation system to make it fairer for taxpayers, while also creating financial efficiencies
29/11/2018
Trade association PIMFA has called for an urgent review of the Financial Services Compensation Scheme (FSCS) following yet another announcement of an interim levy that the industry will be expected to fund
29/11/2018
The Financial Services Compensation Scheme (FSCS) has confirmed that it will increase its retail pool levy by £69m to cover its running costs
29/11/2018
The Competition and Markets Authority’s (CMA) Phase 2 investigation has provisionally identified that Experian’s purchase of ClearScore is likely to result in less intense competition, which in turn could damage the continued development of digital products
28/11/2018
Those under the age of 40 are savvy when it comes to their saving habits, but are failing to focus on their pension and retirement planning, according to new research from The Nottingham Building Society
28/11/2018
Baby boomers may be enjoying a “financial golden age”, but one in three (33 per cent) approaching retirement do not feel that they will have enough savings to retire on, according to new research from LV=
28/11/2018
Personal Finance Society (PFS) CEO Keith Richards has argued that the relevance and demand for professional financial advice has never been great, as we are currently experiencing the “biggest savings gap since records began”
28/11/2018
Further to its announcement yesterday morning detailing its intention to proceed with its initial public offering (IPO), investment platform provider AJ Bell has confirmed that its price range prospectus has been approved by the Financial Conduct Authority (FCA)
28/11/2018
The requirement for pension providers to guide consumers towards Pension Wise for advice does not come early enough, according to Royal London director of policy, Steve Webb
28/11/2018
Savers who want to retire at 65 will need to “bridge the gap” created by the increasing state pension age and gender equalisation to ensure a comfortable retirement, according research from Aegon
27/11/2018
More people have cashed their pension pot entirely after consulting Pension Wise (28%), when compared to those who have not utilised the service (17%), new research has revealed
27/11/2018
The plenary of the Financial Stability Board (FSB) today appointed Randal K. Quarles (governor and vice chairman for supervision at the US Federal Reserve) as its new chair, while Klaas Knot (president of De Nederlandsche Bank) as vice chair
27/11/2018
Following its announcement on 19 November of its intention to proceed with an initial public offering (IPO), AJ Bell has today announced the price range and its intention to publish the prospectus later today
27/11/2018
Just 24 per cent of 40 to 79 year-olds receiving professional financial advice are women, new data from Selectapension has revealed
27/11/2018
Owners of financial advisory firms are able to build a sustainable business, one that they can leave to their employees, using an Employee Ownership Trust (EOT), according to Ovation Finance founder Christopher Budd
26/11/2018
Nearly six in 10 retirees aged between 50-65 were forced to quit work rather than choosing to leave because they did not need the income, according to new research from Just Group
26/11/2018
Vida Homeloans has announced several changes to its senior management team, which have been designed to support the further growth of the lender in the UK specialist mortgage market
26/11/2018
Her Majesty’s Revenue & Customs (HMRC) has admitted that some scheme members are getting tax relief twice, while others are not receiving the tax relief they are due
26/11/2018
Advisers are increasingly optimistic that partnerships with accountants and solicitors will help drive new business in the coming year, according to new research published by Prudential
26/11/2018
A government scheme introduced to refund large numbers of people who have been overcharged when registering a power of attorney (PoA) has been criticised by Royal London, with spokesperson Helen Morrissey stating “the onus is on the government to sort it out”
26/11/2018
Young workers risk being overconfident in their pension savings, which could cost them in the long run, according to research from BlackRock
26/11/2018
The number of mortgages approved by the main high street banks in October dropped by 4.1%, when compared to the number of approvals on October last year, according to UK Finance’s Household Finance Update – October 2018
26/11/2018
The government should implement a fully integrated digital system for Inheritance Tax, ideally including the ability to complete and submit a probate application, The Office of Tax Simplification has recommended
23/11/2018
Women affected by the equalisation of the state pension age, and the lack of communication thereafter, have been left in a “grotesquely disadvantaged” situation, according to Work and Pensions Committee chair, Frank Field
23/11/2018
Up to eight out of 10 pension schemes’ employers could face additional costs due to the High Court ruling on GMP equalisation, according to XPS Pensions Group (XPS)
23/11/2018
Less than one in ten (7 per cent) clients of retirement age claimed their adviser has introduced themselves to their adult children, according to new research from Zurich
22/11/2018
One in five (22%) people have fallen victim to credit card fraud in the last year, with an estimated £4.1bn having been stolen from 11.4 million consumers, research has found
22/11/2018
Dutch bank ABN Amro has decided to launch a London unit of its clearing business to maintain access to the UK market in the event of a no-deal Brexit
22/11/2018
The Financial Conduct Authority (FCA) has today proposed to introduce a price cap on the rent-to-own (RTO) sector
22/11/2018
Guy Opperman has defended the amount of newspaper coverage that state pension age equalisation has received, following complaints about the lack of communication
22/11/2018
The Financial Reporting Council (FRC) has initiated an investigation into the audit conducted by Grant Thornton UK of the financial statements of Patisserie Holdings for the years ending 30 September 2015, 2016 and 2017
21/11/2018
First-time buyers have saved a tremendous £426m in stamp duty, taking advantage of the government’s stamp duty relief introduced in November 2017, according to HM Revenue & Customs (HMRC) Quarterly Stamp Duty Land Tax Statistics
21/11/2018
Retirees are not taking action on their concerns about the impact of market volatility on their retirement income sustainability, according to new research from Aegon
21/11/2018
Fears that the Lifetime ISA (LISA) could create a surge in auto-enrolment (AE) opt-outs appear to be misplaced, as a recent LISA study conducted by AJ Bell revealed that the vast majority (78%) of people contribute towards both the product and their workplace pension
21/11/2018
Savers must have flexibility in the future pensions landscape to combat key challenges, Pensions Policy Institute (PPI) research has said
21/11/2018
There were 11,700 new first-time buyer mortgages completed in London during the third quarter of 2018, illustrating a 2.6% increase on the same period las year, figures from UK Finance have revealed
21/11/2018
Growth in fiduciary management mandates has slowed in 2018, growing by 9 per cent in the 12 months to June, compared to 30 per cent in 2017, analysis by KPMG has found
20/11/2018
Just under two thirds (61%) of millennials feel like they overspend on entertainment, such as on nights out and trips to the cinema, with a further 34% believing they spend too much on eating out, a study has revealed
20/11/2018
Former footballer Danny Murphy has accused some financial advisers of “brainwashing” young footballers
20/11/2018
Poor choices in pension savings can lead to people feeling “depressed in later life”, according to the English Longitudinal Study of Ageing (ELSA) study
20/11/2018
The creation of a ‘Pensions Pound’ could lead to “radical simplification” of defined benefit pension rights, the Association of Consulting Actuaries (ACA) and Royal London have suggested
19/11/2018
With the personal allowance set to increase to £12,500 in April 2019, the amount of tax relief being missed for those savers in net pay schemes will increase to £64 per year, new research has revealed
19/11/2018
Women’s pensions pots are 27.5 per cent smaller than men's, of those who shop around for a high guaranteed life income, according to LEBC analysis
19/11/2018
Following its announcement on 8 November 2018, investment platform AJ Bell has today confirmed its intention to proceed with an initial public offering (IPO).

The firm intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority (FCA), and to trading on the London Stock Exchange’s main market for listed securities
19/11/2018
Prime Minister Theresa May has appointed Amber Rudd, MP for Hastings and Rye and former Home Secretary, as the new Work and Pensions Secretary, replacing Esther McVey
16/11/2018
Specialist bank Aldermore has today announced the interest rate increases on its fixed-rate cash ISAs
16/11/2018
A majority of advisers (75%) are becoming increasingly convinced that robo-advice can help close the advice gap, exclusive research from Prudential has revealed
16/11/2018
The recent High Court judgement on GMP equalisation could mean that up to £50bn of buy-ins may need to be “restructured”, Aon has suggested
16/11/2018
Over half (53 per cent) of income drawdown customers are withdrawing an income that is not sustainable for the rest of their life, according to analysis by Royal London
15/11/2018
The Royal Bank of Scotland (RBS) yesterday appointed a new deputy chief executive to head ring-fenced bank NatWest Holdings
15/11/2018
More than 156,000 pensioners who keep their pot invested throughout retirement do not have a cash “safety net” in the event of a falling market, Zurich has found
15/11/2018
Those in their 30s are the savviest savers, setting aside 58% of their disposable income per month, 16% more than the national average of 42%, according to research published by Charter Savings Bank
15/11/2018
Dominic Raab has resigned as Brexit Secretary, stating in a tweet that he “cannot in good conscience support the terms proposed for our deal with the EU”
15/11/2018
The number of money-back mortgages available to consumers has plummeted by a staggering 82% in the last six months, according to a study conducted by CashbackRemortgages.co.uk
14/11/2018
UK pension savers need to save seven times their annual household income by the time they hit 68, in order to maintain their lifestyle in retirement, Fidelity International has found
14/11/2018
Increases to the state pension age mean approximately 670,000 people each year will have to wait longer before benefitting, while the government could save £11bn a year in this time, according to analysis from Aegon
14/11/2018
Seventy-four per cent of defined contribution members are interested in comparing the performance of their pension scheme with others in the market, it has been revealed
14/11/2018
Despite worrying levels of debt, almost half (46%) of consumers claimed that they did not need any advice, according to a report published by Arrow Global
14/11/2018
Half of people have not switched savings accounts or cash ISA in the past five years, with 40% having never switched, Hargreaves Lansdown has revealed
14/11/2018
The Pensions Minister Guy Opperman has put “pressure” on the financial services industry to do more to ensure the financial wellbeing of their employees
13/11/2018
The aggregate deficit of schemes in the PPF 7800 Index increased by £69bn over October, the Pension Protection Fund has revealed
13/11/2018
Throughout September, there were 29,400 new homemover mortgages completed, approximately 8.4% lower when compared to September 2017, revealed the latest Mortgage Trends Update from UK Finance
13/11/2018
The new owner of Virgin Money has terminated the bank’s partnership with a digital venture launched by former Barclays chief executive Antony Jenkins
13/11/2018
DB pension schemes and advisers have been left unsure of how to proceed with pension transfers following the High Court ruling on guaranteed minimum pensions (GMPs), according to Royal London
12/11/2018
Though half of today’s over-40s have a basic understanding of the key retirement factors that will influence their retirement decisions, one in 14 are at “high risk” of failing to meet their requirements, according to new data published today
12/11/2018
The Bank of England (BoE) and the People’s Bank of China have today announced that they have signed an agreement to renew the existing reciprocal sterling and renminbi (RMB) currency swap line for an additional three years
12/11/2018
Today’s school leavers have higher levels of financial literacy than adults aged between 19 and 39, suggesting that financial education is English secondary schools is having a positive impact, according to a study from Noddle
09/11/2018
Registration is now open for the 2019 Sustainability Summit, which offers pension funds, insurance companies, charities and corporates the chance to learn and network alongside their peers
09/11/2018
Over half of young Brits are ‘living hand to mouth’, with a majority of those aged between 21 and 38 spending 41% of their income on rent or a mortgage and bills, new data has revealed
09/11/2018
The Treasury Committee has today announced a probe into vulnerable customers and how they are served by the financial services industry
09/11/2018
Defined benefit pension transfer values fluctuated and had the biggest monthly change for over a year during October 2018, increasing by the end of month to £235,000
08/11/2018
Consumer finance new business dropped by 1% in September when compared to the same month last year, according to data published by the Finance & Leasing Association (FLA) today
08/11/2018
The proportion of British adults claiming they want to move from renting to buying their next home has more than doubled over the course of 2018, increasing from 24% to 58%, new data has revealed
08/11/2018
Twenty-nine per cent of pension savers said they would invest more into their pension if they knew the Financial Services Compensation Scheme (FSCS) protected it, new research has revealed
08/11/2018
House prices in the three months to October were 1.5% higher when compared to the same three months in 2017, slowing from the 2.5% annual growth recorded in September, and recording the slowest rate of growth since March 2013, new data revealed
07/11/2018
Despite the common assumption that the younger generation is more tech savvy, more than three in ten (31%) of 16 to 24 year olds have been a victim of online shopping fraud, compared with only 12% of over 55s, Shieldpay revealed
07/11/2018
A rise in passive investing can “co-exist” alongside investors’ desire to preference investments that embody their values and longer-term goals, the Financial Conduct Authority has said
07/11/2018
More than half (54 per cent) of self-employed workers would welcome further government support in pensions saving, according to research conducted by Prudential
07/11/2018
Retired homeowners are increasing their finances by an average of £76,967 as the equity release market continues to break records, according to new data from the UK’s leading independent equity release adviser Key
07/11/2018
The Financial Conduct Authority (FCA) is probing HSBC executive Paul Watson, whose online title is listed as head of regulatory compliance for the global banking and markets (GBM) division, Sky News has reported
07/11/2018
The Department for Work and Pensions (DWP) has launched its consultation on collective defined benefit (CDC) schemes
07/11/2018
Since 1997, house prices have rocketed by 173% while those aged between 25 and 34 have only seen real incomes increase by 19%, stated Financial Conduct Authority (FCA) executive director of strategy and competition Chris Woolard
06/11/2018
Although Universal Credit is now better equipped for the final phase of its roll-out thanks to measures announced in Chancellor Philip Hammond’s Budget, Resolution Foundation senior fellow David Finch stated that “challenges remain”
06/11/2018
Specialist buy-to-let mortgage lender Landbay has today announced its new partnership with TMA Club, which will allow the firm to provide brokers and their landlord clients with access to its specialist lending products; and more...
06/11/2018
HM Revenue & Customs (HMRC) has found itself caught in several tax battles, as the average age of unsettled tax disputes with the UK’s largest organisations climbs
06/11/2018
The collective FTSE 350 pension scheme deficit hit £36bn over October in the “largest swing in month end deficits” since August 2016, Mercer has said
06/11/2018
More than one in four (27 per cent) people aged over 55 do not realise that they have to pay tax on pensions savings if they take the money as cash, according to new research from Legal & General (L&G)
05/11/2018
The tendency for a growing number of workers to become self-employed is leaving thousands of people with huge sums of debt, according to The Money Advice Trust
05/11/2018
Paragon is today expanding its buy-to-let mortgage range to include mortgages for expat landlords with rental property in the UK and UK holiday lets; and more...
05/11/2018
Women’s state pension age will be equal to men’s state pension age from Tuesday the 6 November, after legislation was first passed in 1995
05/11/2018
Flexible pension withdrawals hit a record high of 585,000 in Q3 2018, according to HMRC, up from 574,000 in Q2 2018
02/11/2018
UK homeowners should be handed back £181m of easy remortgage commissions that have been earned over the past year, as brokers are not doing “anywhere near enough” to earn them, according to CashbackRemortgages.co.uk founder Suchit Sethi
02/11/2018
Published alongside the Budget on Monday, the Overview of Tax Legislation and Rates revealed that reforms to HM Revenue & Customs (HMRC) penalty regimes are to be further delayed until April 2021 at the earliest
02/11/2018
House prices grew at their slowest annual rate since May 2013 in October, according to Nationwide’s latest House Price Index
02/11/2018
An accountant has been fined £6,857.50 for falsely telling The Pensions Regulator that one of his clients’ staff, for which he acted on its behalf, had been enrolled into a pension scheme
02/11/2018
The Bank of England’s Monetary Policy Committee (MPC) yesterday, 31 October, voted unanimously to maintain its base rate at 0.75%
01/11/2018
Specialist bank Aldermore has today reduced the rate on its two-year fixed 95% LTV mortgage product, with the change coming into effect immediately
01/11/2018
The combined defined benefit deficit of schemes in PwC’s Skyval Index soared to £230bn at the end of October
01/11/2018
Advisers are increasing support for vulnerable clients and staff helping them as the sector responds to the growth in inquiries about later life advice, research conducted by Prudential revealed
01/11/2018
The UK has reportedly struck a deal with the EU on post-Brexit financial services
01/11/2018
Prime Central London house price growth could soar by 15% over the next five years if Britain signs a trade deal with the European Union (EU), according to a new report
01/11/2018
Over £38m has been reclaimed by savers who were overtaxed on their pension freedoms withdrawals in the third quarter of 2018, marking the highest figure on record, according to HM Revenue & Customs (HMRC) most recent Pension Schemes Newsletter
31/10/2018
Nearly half of women (49 per cent) do not feel confident that they will have a comfortable retirement, compared to 33 per cent of men, according to research from Aegon
31/10/2018
Discount mortgages starting at 0.99% have been added to Leeds Building Society’s variable rate residential range
31/10/2018
The “burden” of auto-enrolment will “ultimately be borne by workers” as the policy is set to directly impact projected wage growth, according to the Office for Budget Responsibility (OBR)
31/10/2018
NFU Mutual chartered financial planner Sean McCann has urged families to take the Chancellor’s advice and “plan for all eventualities”
30/10/2018
Published alongside the Budget yesterday, the Office for Budget Responsibility (OBR) revealed its fiscal outlook, which said the Treasury will net an extra £400m in tax as a result of people paying tax on their pension withdrawals
30/10/2018
Following on from yesterday’s Budget, Quilter financial planning expert Rachael Griffin noted that the government “reaffirmed its commitment to tackling tax avoidance and evasion”
30/10/2018
During yesterday’s Budget, Chancellor Philip Hammond announced that the cancellation of stamp duty for first-time buyers will be extended to first-time buyers of shared ownership properties valued at up to £500,000, which has been labelled as “only right” by Trussle CEO and founder Ishaan Malhi
30/10/2018
HMRC could be in line to jump ahead of pension schemes for funding when a business enters insolvency, is has been suggested
29/10/2018
The Chancellor Philip Hammond has paved the way to use billions of pounds of defined contribution pension money to fund fast-growing British technology companies
29/10/2018
Chancellor Philip Hammond has not made any cuts to the pensions allowances in his Budget, today 29 October
29/10/2018
As confirmed in today’s Autumn Budget by Chancellor Philip Hammond, National Savings and Investments (NS&I) has announced the minimum investment for premium bonds will be reduced from £100 to £25
29/10/2018
A feasibility study around the introduction of a no-interest loan scheme, an alternative to short term high cost credit has today been launched by Chancellor Philip Hammond
29/10/2018
Stamp duty is to be abolished for all first time buyers of shared ownership properties valued up to £500,000 applied retrospectively, Chancellor Philip Hammond has said today
29/10/2018
One million more women in their 20s could be saving more adequately for retirement if they were able to access emergency cash from their pension, according to a new report published by Scottish Widows
29/10/2018
Complaints to the Financial Conduct Authority (FCA) continued to increase for the fourth successive half year in the first half of 2018, reaching a new record level of 4.13 million complaints made to 3,161 firms
29/10/2018
Chancellor Philip Hammond will today launch a long-awaited consultation on introducing collective defined contribution (CDC) pensions in the UK, reports from this morning have suggested
29/10/2018
As Chancellor Philip Hammond prepares to deliver his Budget this afternoon, 34% of prospective first-time buyers have argued that they want the government to introduce policies to reduce the number of empty homes across the UK
29/10/2018
Lloyds has lost a landmark High Court case after it ruled that it must now equalise pensions benefits for men and women in what could have huge consequences for thousands of companies
29/10/2018
TMA Club has today announced an exclusive two-year discount deal for self-employed borrowers with Buckinghamshire Building Society
26/10/2018
Chancellor Philip Hammond is expected to unveil plans to use billions of pounds of defined contribution pension money to fund fast-growing British technology companies
26/10/2018
Ahead of the autumn budget, equity release lender more 2 life has revealed its ‘wish list’, calling on Chancellor Philip Hammond to provide greater support to the retirement lending sector
26/10/2018
Universal credit could leave some disabled people more than £300 a month worse off when compared to the previous system, revealed research from Citizens Advice
26/10/2018
Around 70 per cent of employers believe that The Pensions Regulator (TPR) needs more powers to help protect defined benefit pension schemes, according to research from the Association of Consulting Actuaries (ACA)
26/10/2018
Nearly one third of UK adults do not think they would be eligible to borrow any money in the form of a mortgage, research from comparethemarket.com has revealed
25/10/2018
The power tenants hold is growing across the UK, with 66% of landlords renting at below the market rate prepared to accept a reduction of up to £100 a month on the market value to secure reliable renters
25/10/2018
The average pension pot for a woman in the UK is five times less than a man’s, new research from the Chartered Insurance Institute (CII) has found
25/10/2018
Guildford has been labelled as the inheritance tax capital of the UK, with as many as 658 families subject to the tax in 2015/16, paying an average of £231,000 each
25/10/2018
Pension fund returns are becoming more subdued and withdrawal rates are increasing, according to new data from Moneyfacts UK
24/10/2018
Women who opt for a drawdown product have an income that is 37 per cent lower than men, according to new research by Zurich
24/10/2018
Gross mortgage lending across the residential market in September was £21.5bn, approximately 1.2% lower than the figure posted a year earlier, according to the latest statistics from UK Finance
24/10/2018
Millennials, aged between 18 and 34, are having to make sacrifices that were previously unheard of in previous generations to get onto the property ladder, according to a new study conducted by online mortgage broker Trussle
24/10/2018
National Westminster Bank (NatWest) has tripled its funding to prepare UK firms for Brexit, setting aside an additional £2bn to support companies which rely on EU exports, labour or foreign exchange rates
24/10/2018
Chancellor Philip Hammond is facing pressure from senior Conservative MPs to avoid tax hikes in next week’s budget, advising him to stay focused on economic responsibility and attracting investment to the UK
24/10/2018
Schroders and Lloyds Banking Group have today announced a wealth management strategic partnership and agreement to manage £80bn of Scottish Widows and Lloyds assets
23/10/2018
A marked upward trend for pension sales, partly fuelled by auto-enrolment and an equally marked downward trend in ISA sales are two of the main observations to arise from the FCA’s Retail Product Sale Data published today
23/10/2018
Nest has revealed its plans to encourage the self-employed to save more for their retirement, following its latest research that has identified three main sub-groups that the self-employed fall into
23/10/2018
Buy-to-let and specialist lender Fleet Mortgages has today announced the promotion of Graham Le Bas to the role of national sales manager
23/10/2018
More than three quarters (76 per cent) of people aged over-55 do not know that medical conditions or lifestyle choices could increase the money they receive from an annuity
23/10/2018
Ahead of the UK Budget this month, the Chartered Institute of Taxation (CIOT) has urged caution from the Chancellor on his suggestion to go it alone with a temporary new sales tax on digital multinational companies
23/10/2018
The proportion of landlords looking to remortgage is now at an all-time high, with them accounting for 57% of all buy-to-let (B2L) business in the third quarter of 2018, new research has revealed
23/10/2018
HM Revenue & Customs (HMRC) has expanded its probe into football, with almost 200 footballers now under investigation for alleged tax abuse linked to image rights payments
22/10/2018
The UK remained in 15th place in the Melbourne Mercer Global Pension Index for 2018, but has seen its overall score on the Index improve slightly
22/10/2018
Michael Barnier and the rest of the Brexit negotiating team want Britain to continue following EU tax policies after Brexit, a leaked document has suggested
22/10/2018
The Treasury is facing a £1bn drop in stamp duty from property sales this year, which has sparked fears that the property market is becoming clogged at the top end, with buyers avoiding heavy tax bills that come with expensive homes
27/10/2018
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research from Lloyds Bank
22/10/2018
The Royal Bank of Scotland (RBS) is set indicate whether it plans to continue paying dividends this week, as British lenders reveal their third quarter results
27/10/2018
'Generation K', or those now aged between 15 and 24, are “very different” to previous generations and more must be done to engage them with pensions, according to economist and author Noreena Hertz
19/10/2018
Inheritance tax (IHT) receipts hit £2.8bn in the first six months of the tax year, and the Office for Budget Responsibility (OBR) has estimated that they will increase further to reach a record £5.4bn by the end of this tax year
19/10/2018
A record breaking £1.02bn in equity was released between July and September, equivalent to £11m of property wealth unlocked each day, revealed the Equity Release Council’s (ERC) latest quarterly lending figures
19/10/2018
The Pensions Minister has confirmed that there will be new pensions legislation in summer 2019, in a speech at the Pensions and Lifetime Savings Association’s annual conference yesterday, 18 October
19/10/2018
The winners of the third MoneyAge Awards 2018 were announced last night at a gala ceremony in London
19/10/2018
The pensions industry cannot afford to be complacent despite the success of auto-enrolment, Pensions and Lifetime Savings Association chair Richard Butcher has said
18/10/2018
Danish authorities have blocked the appointment of a new chief executive officer at Danske Bank, applying further strain on the firm which is currently reeling from a $200bn (£176bn) money laundering scandal, involving suspicious Russian money
18/10/2018
Bank of England (BoE) official Sir Jon Cunliffe told the Treasury Select Committee yesterday that talks are continuing with EU regulators to try to persuade them to allow British clearing houses to serve clients across the continent
18/10/2018
The growth of new lending to those already in debt has “parallels” to the sub-prime mortgage boom which resulted in the financial crisis, according to the minutes from a discussion by the Bank of England’s (BoE) top financial stability policy-makers
18/10/2018
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have today launched a joint regulatory strategy aimed at strengthening their relationship, and taking joint action to deliver better outcomes for pension savers and those entering retirement
18/10/2018
The UK’s transition out of the EU could be extended by “a matter of months” to ensure no hard border in Northern Ireland, Prime Minister Theresa May has said
18/10/2018
The HSBC UK pension scheme will invest £250m in renewable energy in Britain, following a competitive tender process
17/10/2018
The Mortgage Lender has transformed its residential product range, introducing higher LTV’s, more targeted pricing, reduced completion fees and a cashback range in a bid to offer more tailored products to home buyers
17/10/2018
Following today’s publication of the inflation rate for September, Royal London director of policy Steve Webb has said that, whilst the rates of working age benefits have been squeezed for many years, “pensioners look set to enjoy another above-inflation increase”
17/10/2018
Average house prices in the UK have increased by 3.2% in the year to August 2018 and, despite being down from 3.4% in July 2018, have remained broadly stable at a national level since April 2018, new data has revealed
17/10/2018
Around 37 per cent of pension schemes are in surplus against their funding target, according to new data released by Mercer
17/10/2018
A group of 10 of the largest investment, savings and pensions trade bodies have endorsed a new joint venture aimed at delivering a long-term governance solution to transfers
16/10/2018
Leading wealth management and financial advice association PIMFA has today raised concerns over the Financial Conduct Authority’s (FCA) proposal to increase the maximum amount of compensation the Financial Ombudsman Service (FOS) can require a financial services firm to pay out
16/10/2018
Up to £20bn worth of pension pots could remain unclaimed, new research from the Pensions Policy Institute (PPI) has found
16/10/2018
The Institute for Fiscal Studies has today published its ‘Green Budget’ urging Chancellor Philip Hammond to introduce a pensions death tax
16/10/2018
There were 35,500 new first-time buyer (FTB) mortgages completed in August, approximately 2% more than the same month a year earlier, representing £6.1bn of new lending, a 5.2% increase year-on-year, according to the latest figures from UK Finance
16/10/2018
Just one month remains to enter the Retail Asset Management Awards 2019
16/10/2018
With the budget fast approaching, mutual provider Foresters Friendly Society has highlighted the importance of the Lifetime ISA (LISA) in supporting home ownership and retirement ambitions of younger savers
16/10/2018
National Savings & Investments (NS&I) has recently revealed that 14% of Britons (7 million people) think they may have lost track of a financial product, drawing attention to the staggering amount of money left dormant with UK financial services providers
16/10/2018
Chancellor Philip Hammond will have to squeeze an extra £19bn out of taxpayers by 2022/23 to meet Prime Minister Theresa May’s promise to end austerity, while also keep his pledge to eliminate the deficit, according to a detailed analysis from one of the UK’s trusted economic bodies
16/10/2018
The Financial Conduct Authority (FCA) has written to the heads of payday lending firms urging them to consider “affordability risk” before granting loans to financially vulnerable borrowers
16/10/2018
Almost 60% of payday loan users have been forced to pay back more than they expected as a result of hidden or unexpected fees charged by lenders, revealed new research from Kantar TNS
15/10/2018
The Financial Conduct Authority (FCA) gas today published a discussion paper on climate change and green finance
15/10/2018
Pensions freedom and choice could result in a tax revenue increase of £19bn over the next 10 years, according to the latest research from the Pensions Policy Institute (PPI)
15/10/2018
The proposed changes from the Financial Conduct Authority (FCA) designed to reduce the potential for harm to retail investors in funds that hold illiquid assets, will “enhance risk-management capabilities, transparency and resilience”, Moody’s Investor Services has said
15/10/2018
Seventy-eight per cent of employers think that the pensions tapered annual allowance should be re-thought, according to the Association of Consulting Actuaries
15/10/2018
Chase de Vere has argued that employers can save money by providing financial advice in the workplace for their employees, and 83% of employers have admitted that financial advice is something their employees would benefit from
15/10/2018
A staggering 58% of first-time buyers claimed that their parents bought their first home at a younger age than them, according to a recent study conducted by Larkfleet Homes and First Time Buyer Magazine
15/10/2018
The government has rejected calls from the Treasury Committee to fundamentally reform pensions tax relief after it said there was “no clear consensus” to do so
15/10/2018
The UK can expect low economic growth for the next three years, with a no-deal Brexit denting growth even further, according to the EY Item Club
15/10/2018
BTL markets
Adam Cadle speaks to Fleet Mortgages CEO Bob Young about the BTL market and the firm's products and criteria

Newsletter

Subscribe to our newsletter to receive breaking news by email.



winners-banner


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

World Markets (15 minute+ time delay)