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The biggest decline in homeownership has been among young adults with middle incomes, new research has shown
16/02/2018
The government should give £10,000 to every citizen under 55, a report published by The Royal Society for the encouragement of the Arts, Manufactures and Commerce has said
16/02/2018
The Committee has told the FCA to ban contingent charging, which it claims is a “key driver of poor advice” in its report on the British Steel Pension Scheme
16/02/2018
The British Steel Pension Scheme has processed £1.1bn of defined benefit pension transfers since March 2017, with the Work and Pensions Committee stating that members have been “shamefully bamboozled”.

Publishing its latest damming report on the BSPS, the Committee said that “dubious advisers exploited BSPS members for personal gain” with the help of “parasitical introducers”, as it warned that another “major misselling scandal” is already erupting
15/02/2018
7IM launches retirement planning service, new Innovative Finance ISA launched; and more...
15/02/2018
The FCA is to collect data from all firms who hold the pension transfer permission with a view to assessing practices across the market, the regulator’s director of supervision Megan Butler has said
15/02/2018
Scottish Widows and Lloyd’s Banking Group's wealth businesses have terminated over £100bn worth of partnership agreements with Standard Life Aberdeen
15/02/2018
The Serious Fraud Office has today charged Barclays Bank with unlawful financial assistance contrary to s151(1) and (3) of the Companies Act 1985
14/02/2018
The UK’s personal tax system has a number of inconsistencies when it comes to promoting the institution of marriage, Blick Rothenberg accounting, tax and advisory practice partner Nimesh Shah said
14/02/2018
Solicitors are being targeted by organised criminals during property purchases as it emerged red flags over home transactions surged 66% in two years, according to anti-money laundering and big data specialists Fortytwo Data
14/02/2018
Rising gilt yields causing a fall in liabilities has helped the PPF 7800 deficit to fall by more than half over January, the Pension Protection Fund has revealed
14/02/2018
The number of employers meeting their workplace pension duties has hit one million, new figures show
13/02/2018
The Financial Conduct Authority and the Prudential Regulation Authority have today announced the appointment of Marshall Bailey as chair of the Financial Services Compensation Scheme (FSCS) with effect from 1 April 2018
13/02/2018
The amount paid out from pension pots to relatives of deceased pensioners is up 33% in a year, new data from Salisbury House Wealth has shown
13/02/2018
The amount paid out from pension pots to relatives of deceased pensioners is up 33% in a year new data from Salisbury House Wealth has shown
13/02/2018
The number of first-time buyers annually increased by 7.4% from 340,000 in 2016 to 365,000 in 2017, according to latest figures published by UK Finance
13/02/2018
UK inflation (CPI) grew by 3% in January 2018, unchanged from December 2017. This rate of inflation leaves UK households collectively needing to find an extra £23.5bn a year to maintain their standard of living compared to 12 months ago, according to Retirement Advantage
13/02/2018
Chancellor Philip Hammond’s IHT regime review should look at how current gift rules interact with the wider IHT system and look at simplifying the rules around the residence nil rate band (RNRB), a tax expert has advised
12/02/2018
Illegal money lender, Dharam Prakash Gopee, has been sentenced to three and a half years imprisonment by a Judge in Southwark Crown Court after guilty verdicts for offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000
12/02/2018
Pension transfer values fell by £5,000 to £231,000 at the end of January, Xafinity Punter Southall has reported
12/02/2018
The Pensions Ombudsman is investigating a group of over 150 complaints in relation to transfer values given to members of the British Steel Pension Scheme
12/02/2018
Over a third (36%) of professional investors plan to increase their allocation to private debt in the next 12 months, according to a new study commissioned in Q4 2017 by Intertrust
12/02/2018
Three point three million cohabiting couples could be set for a multi-billion pound boost as a result of legislation currently being considered by MPs, according to mutual insurer Royal London
12/02/2018
The trial of Dharam Prakash Gopee concluded yesterday at Southwark Crown Court with the jury returning a guilty verdict to the charges brought by the Financial Conduct Authority (FCA) for offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000
09/02/2018
New figures released today by the Finance & Leasing Association (FLA) show growth of 6% in consumer finance new business in 2017
09/02/2018
The rise of bitcoin and other cryptocurrencies is like a gold rush – “but there is no gold”, the ECB has said
09/02/2018
Financial services should be “enormously welcoming” to a Jeremy Corbyn-led government, Labour shadow chancellor John McDonnell has said
09/02/2018
Removing the triple lock on state pensions could reduce the retirement income of a low-earning millennial by 5 per cent, according to research from the Pensions Policy Institute (PPI)
09/02/2018
The opposition party’s suggestion to keep the state pension age at 66 is “simply unaffordable and cannot be justified,” Undersecretary of State for Pensions and Financial Inclusion Guy Opperman has said
09/02/2018
Knowledge Bank has partnered with Loans Warehouse enabling brokers to compare criteria for both first and second charge loans
09/02/2018
Defined benefit schemes are set to reduce by more than 80 per cent over the next 25 years, according to Hymans Robertson
08/02/2018
The Bank of England’s MPC has voted unanimously to maintain the Bank Rate at 0.5%
08/02/2018
The number of second charge mortgage repossessions in 2017 was 105, 27% lower than in 2016, new figures released by the Finance & Leasing Association (FLA) have shown
08/02/2018
The number of landlords who are lagging behind with their mortgage payments has jumped by 20%, according to UK Finance
08/02/2018
Personal Finance Society chief executive Keith Richards explores the effects Brexit could have on the markets
08/02/2018
Investors put a record £63bn into funds in 2017, taking the total amount invested within the funds industry to £1.2trn, also a record level, according to latest Investment Association data
08/02/2018
Active fund choices of engaged scheme investors have beaten default fund returns by 4.89% a year over the past five years, according to latest figures
08/02/2018
London’s FTSE 100 Index has joined global markets by crashing into the red, its lowest level in around two months
07/02/2018
Mortgage broker Trussle has hit back over claims that mortgages from building societies are cheaper than mortgages from banks
07/02/2018
The average cost of renting a home is now rising across every UK region for the first time in almost two years, according to the latest Landbay Rental Index, powered by MIAC
07/02/2018
Increases in UK house prices in the three months to January were lower than that recorded in the three months to December 2017, the latest Halifax index has found
07/02/2018
Women are being held back from investing by subtle but important barriers, new research from HSBC UK has shown
07/02/2018
The pensions and long-term savings industry is trusted on an organisational level, but mistrusted at a sectoral level, research has found
07/02/2018
The Pensions Regulator has fined the trustee of NOW: Pensions a total of £70,000 and notified the company of a deadline by which it must resolve its administrative failings
07/02/2018
The EU has no excuse to financial services being excluded from a post-Brexit free trade deal between the UK and the EU, the FCA has argued
06/02/2018
First Complete & Pink, appointed representative networks of parent company LSL Property Services plc, have announced they are joining forces under a single brand – Primis Mortgage Network
06/02/2018
BT has confirmed its plan to close its defined benefit BT pension scheme for 10,000 managers, it has been reported.
06/02/2018
Masthaven has today announced a new deal that sees its second charge mortgage range available through Legal & General Mortgage Club
06/02/2018
Interest rates are set to be held at 0.5% on Thursday, but rate rises are set to be implemented later in the year
06/02/2018
Virgin Money has followed Lloyds Banking Group’s footsteps in banning customers from buying Bitcoin and other digital currencies with their credit cards
06/02/2018
Lloyds Banking Group is to ban its credit card customers from purchasing Bitcoin and other cryptocurrencies
05/02/2018
Forty-nine per cent of the population believe property is the best way to make most of your money when saving for retirement, according to latest figures published by the ONS
05/02/2018
AJ Bell has reduced the management charge on its Managed Portfolio Service (MPS) by 40%
05/02/2018
Work and Pensions Committee chair Frank Field has again criticised The Pensions Regulator for “sniffling” around Carillion, “clearly to no effect” as it collapsed under the watch of the regulator
05/02/2018
The Pension Protection Fund should “modernise” its rules so that pension members can obtain advice on transferring out of the scheme to make use of the pension freedoms, Aegon has said
05/02/2018
The Financial Conduct Authority (FCA) has today published a discussion paper to gather views on the market for non-workplace pensions
02/02/2018
One in five pensioners retiring this year will owe an average of £33,900 in debt, Prudential has found
02/02/2018
Six years on from the launch of auto-enrolment in 2012, today marks the final staging date for small and micro employers to enrol their staff into a workplace pension
02/02/2018
Current actuarial valuations are likely to show a need for increased cash funding for pension schemes, while deficits have slowly decreased, JLT has reported
02/02/2018
The average holder was charged £152 in bank fees last year which, if incurred by every one of the 65 million active current accounts in the UK, suggests banks made £9.9bn from charges in 2017, according to latest figures
02/02/2018
The latest mandates in the industry...
02/02/2018
Total private pension wealth increased to £5.3trn between July 2014 and June 2016, up from £4.4trn between July 2012 and June 2014, the Office for National Statistics has revealed.
02/02/2018
Many attractive low-rate mortgage deals are costing borrowers thousands of pounds more than deals with higher headline rates, according to the latest Mortgage Saver Review from online mortgage broker Trussle
02/02/2018
Annual house price growth rose to 3.2% in January, according to the Nationwide Building Society
01/02/2018
A corporate adviser who played a prime role in the operation of an investment scheme which led to investors losing just over £1.4m has been sentenced at Southwark Crown Court to a total of three and a half years’ imprisonment.
01/02/2018
Enhanced annuities have been hit the hardest since the introduction of the pension freedoms, according to research by Moneyfacts
01/02/2018
The government has been urged all pension withdrawals to be taxed at the standard rate of income so people are not emergency taxed
01/02/2018
Briton’s releasing equity from their homes for retirement have supported the UK economy by over £7bn in 2017, according to new research from Legal & General Home Finance and the Centre for Economics and Business Research
01/02/2018
A series of measures designed to maintain and rebalance the UK’s ATM network – shifting incentives from deploying ATMs in city centres to rural and less-affluent communities have been announced by LINK
31/01/2018
The number of people who became insolvent surged by 9.4% in 2017 - the second year running that figures rose
31/01/2018
Government plans to replace the benefits paid to help people pay their mortgage interest with repayable loans could cause real hardship according to a Freedom of Information reply obtained by Royal London
31/01/2018
Nearly one in five mortgage customers have an interest-only mortgage and the FCA is concerned that shortfalls in repayment plans could lead to people losing their homes
31/01/2018
HMRC is ‘out of control’ when it comes to over-taxing people and then expecting them to claim back refunds, Royal London has argued
31/01/2018
Increasing the state pension age is “not enough” to tackle the growing UK pension crisis, the Centre for the Study of Financial Innovation (CSFI) has reported
30/01/2018
Aegon’s pension transfer approach has been criticised as “arduous” and considerably more taxing than other industry leaders
30/01/2018
Chancellor Philip Hammond has written to the Office of Tax Simplification for a review of inheritance tax ensuring the system is “fit for purpose”
30/01/2018
A man whose pension savings went into unregulated funds says he was offered £6,000 by his financial adviser not to raise concerns with the authorities
30/01/2018
The AMPS Committee has written to FSCS to ask for its urgent comments on statements made in its Plan and Budget 2018/19, and in a “Summary note on the basis of claims for the three SIPP operators declared in default” published on 19 January 2018, in which FSCS signals its acceptance of claims against those operators based on factors including alleged “failing to carry out any due diligence on the underlying investment held in the SIPP”
30/01/18
Vida Homeloans is conducting a pilot in the second charge mortgage market, offering a range of residential and buy to let second charge mortgages through two selected master brokers – CSC Loans and Loans Warehouse
30/01/18
The Financial Conduct Authority (FCA) is urging vigilance in the face of increasing online investment fraud, revealing that last year investors lost £87,410 per day to binary options scams.
29/01/2018
Online mortgage broker Trussle has opened up its pioneering mortgage monitoring service to mortgage borrowers.
29/01/2018
The amount withdrawn from pension pots in 2017 increased to £6.5bn, up from £5.7bn in 2016, new data from HMRC has found.
26/01/2018
Defined contribution pension schemes saw a 21 per cent increase in contributions year on year, with a total of £5.4bn paid into schemes in 2017, news figures from The Pensions Regulator reveal.
26/01/2018
Towards the end of last year, M&S Bank announced the intention to enter the mortgage markets, and has now done so, adding home loans to its portfolio of credit cards, current accounts and personal loans.
26/01/2018
UK Finance's latest Lending Update shows a relatively healthy mortgage market, with gross mortgage lending in December estimated to have been £20.2bn, an increase of 1.2 per cent on the previous year.
25/01/2018
The ABI has released figure showing the average motor premium has risen by 9 per cent in 2017 to a record high, adding an extra £40 to the average motor insurance policy.
25/01/2018
HM Revenue and Customs has stopped thousands of scam text messages, with 90 per cent of the most convincing texts now halted before they reach taxpayers’ phones.
25/01/2018
The government is to review proposals put forward by the work and pensions select committee to make guidance mandatory for people at retirement, pension minister Guy Opperman has said
23/01/2018
Retirement Advantage is to stop selling annuities.

This follows the recent takeover of the company by Canada Life
23/01/2018
Four people who ran a series of scam pension schemes have been ordered to pay back £13.7m they took from their victims
23/01/2018
Nearly three quarters of portfolio landlords have found it more difficult to secure a mortgage since the PRA changes were introduced, according to figures from Foundation Home Loans, based on research by BDRC Continental
23/01/2018
The FCA’s decision to drop plans to create a standalone equity release qualification for financial advisers last year should be rethought and ultimately the proposals renewed, Intrinsic mortgage network’s managing director Gemma Harle has argued, on the back of the latest Equity Release Council Figures
23/01/2018
The total amount of housing wealth unlocked by over-55 homeowners reached £3.06bn in 2017 – the first time it has exceeded £3bn in a single year
23/01/2018
The estimated cost of pension tax relief is set to hit a record £41bn
23/01/2018
Consumers could get back money they have lost as a result of their dealings with three SIPP operators which the Financial Services Compensation Scheme has declared in default
22/01/2018
Vida Homeloans has been appointed to Personal Touch Financial Services’ panel of lenders to provide specialist residential and buy to let mortgages to clients of the adviser network
22/01/2018
The FCA has today launched a consultation on plans to give more small businesses access to the Financial Ombudsman Service (the Ombudsman). This follows a review of the protections available to small and medium sized enterprises (SMEs) as users of financial services
22/01/2018
Up to £45bn could be knocked off the combined pension deficits of FTSE 350 companies, due to lower life expectancy and changes in the conversion rates of employees' retirement benefits, according to Willis Towers Watson
22/01/2018
The level of hidden charges in investment management highlighted through the disclosure requirements of MiFID II has been blasted by investment consultancy, the lang cat
22/01/2018
Prime Minister Theresa May has said the government will “set out new tough new rules for executives who try to line their own pockets by putting their workers’ pensions at risk” in Spring, ending an “unacceptable abuse”
22/01/2018
More than 625,000 men receive at least a six-figure salary compared with 155,000 women; new research published by law firm Wilsons has shown
22/01/2018
The Department for Work and Pensions has laid out its single departmental plan for the next four years, in order to help people increase savings and financial security in later life
22/01/2018
Just one pound in every £6,120 netted by organised criminals is recovered by the CPS, according to research by anti-money laundering and Big Data specialist Fortytwo Data
19/01/2018
Vida Homeloans is expanding its UK key account management team, and more...
19/01/2018
Proposals from LINK to lower its fees by 20% could lead to mass closures of free-to-use ATM machines across Britain, hitting already suffering communities even harder
19/01/2018
The UK housing market continued to display a lack of momentum in December, with buyer interest edging lower and the changes to stamp duty for first time buyers having little immediate effect, according to the latest RICS UK Residential Market Survey
19/01/2018
The FCA has “wholly” rejected the conclusions made by the Work and Pensions Select Committee on the regulator’s work on the British Steel Pension Scheme (BSPS) and its pension transfer advice review
19/01/2018
The proposed management expenses budget covering the FSCS’ ongoing expenses and IT, outsourcing, legal and claims handling costs has been proposed at £72.7, for 2018/19
18/01/2018
HMRC is to provide practical advice and guidance to those affected by Carillion’s liquidation through its Business Payment Support Service (BPSS)
18/01/2018
Average weekly household spending rose to £554.20 in the financial year ending 2017; in real terms, a return to pre-economic downturn levels, according to the ONS
18/01/2018
Collective defined contribution schemes could offer “potentially superior outcomes” for many schemes in the UK and the necessary secondary legislation should be produced to implement this, Aon has voiced
18/01/2018
Master trusts thinking about exiting the market in the face of the new regulatory regime need to take action now, according to an industry expert
18/01/2018
Around half of households in Great Britain have some unsecured consumer debt with almost half of this from loans from banks and other financial institutions (43%), with credit and store card debt (25%) and hire purchase debt (21%) the next most significant, according to new IFS research
17/01/2018
The number of people moving home is at its highest level since 2007, according to the latest Lloyds Bank Homemover Review
17/01/2018
The FCA's consultation on reviewing the funding of the FSCS is right to propose that product providers should contribute to the cost of the intermediation class, but it wrongly assumes every firm within the investment provision class is a product provider, according to PIMFA
17/01/2018
The Consumer Price Index rate of inflation has dropped to 3 per cent in December, down from the six-year high of 3.1 per cent in November
17/01/2018
Consumers should be wary of companies asking them to transfer out of their defined benefit pension pots in the wake of the Carillion crisis, the Pensions and Lifetime Savings Association has warned
17/01/2018
Defined benefit transfer values ended 2017 at £236,000, according to Xafinity Punter Southall's index
17/01/2018
MiFID II is credit negative for Europe’s asset management industry as it will accentuate the move to cheaper passive funds, intensify competition and drive sector consolidation, a report published by Moody’s Investors Service has said
15/01/2018
Banks and building societies have started carrying out checks on the immigration status of all personal current account holders under government measures to encourage those in the UK illegally to leave
15/01/2018
A fundamental change in the way people can bank, manage and spend their money in the digital world is under way
15/01/2018
The annual growth rate for house prices in England and Wales fell for the seventh month in a row, to just 0.2% - down from 0.9% in November, according to latest England & Wales HPI from Your Move
15/01/2018
Up to 1.3 million recipients of pension advice could miss out on £236m of potential tax savings, if advisers and employers do not act on new legislation in time for April
15/01/2018
The defined benefit pension schemes of crisis hit Carillion will enter the Pension Protection Fund (PPF), after the government contractor entered liquidation today (15 January 2018)
15/01/2018
Members of the distressed Carillion pension scheme should have “protection and guarantees” from the government, according to the RMT Rail Union
15/01/2018
The Financial Conduct Authority has said it is to collect data from all financial advice firms with permission to advise on defined benefit pension transfers, as Work and Pensions Committee chair Frank Field has warned of a “huge misselling scandal”
12/01/2018
The Mortgage Awards 2018 from MoneyAge is delighted to announce a number of high profile industry names on its judging panel with more to follow
12/01/2018
The latest product launches, mandates and more...
12/01/2018
The FCA has today published a list of 94 firms without authorisation that are offering binary options trading to UK consumers
12/01/2018
A total of 144,826 properties were bought with an equity loan since the launch of the Help to Buy: Equity Loan Scheme, resulting in a total value of £7.39bn, according to the latest DCLG Help to Buy Q3 statistics
12/01/2018
A total of 106,612 property completions have been supported by the Help to Buy: ISA since the scheme’s launch in 2015 with a total of 143,894 bonuses having been paid, new data has revealed
12/01/2018
Average retirement incomes have hit a new record high of £19,900 for people planning to stop work this year, according to Prudential’s Class of… research
12/01/2018
Transfers out of defined benefit schemes by individual members could be removing more than £10bn a year of DB liability, according to JLT Employee Benefits
12/01/2018
The Department for Work and Pensions has been urged to make it clear that state pension forecasts are provisional and subject to change
12/01/2018
The government should increase auto-enrolment contributions to 12 per cent to ensure the next generation of retirees have a good quality of retirement, according to the Personal Investment Management and Financial Advice Association
12/01/2018
Dominic Chappell has been convicted for failing to hand over information to The Pensions Regulator about the sale of BHS
12/01/2018
The Low Incomes Tax Reform Group (LITRG) is urging people with outstanding tax liabilities to take steps urgently to avoid penalties for late payment
10/01/2018
More than 300,000 UK households are using illegal money lenders to support their finances, the Illegal Money Lending Team has said
10/01/2018
Aldermore, the specialist bank, has more than doubled its maximum property development loan size from £10m to £25m with immediate effect
10/01/2018
Collective individual defined contribution schemes are the best pension scheme model, and “better” than collective defined contribution schemes, a top pension academic has said
10/01/2018
Disposable income for retired households has grown slower than non-retired households over the past year, with state support making a crucial difference for the poorest pensioners, latest figures published by the ONS have shown
10/01/2018
National insurance contributions will need to increase by 5 per cent in the future to fund the state pension, the Government Actuary’s Department has revealed
09/01/2018
Dominic Chappell, the former owner of BHS, failed to provide information to investigators regarding the firm's pension schemes, Brighton Magistrates' Court has heard
09/01/2018
Sajid Javid has retained his position as part of Prime Minister’s Theresa May’s cabinet reshuffle with his job title now secretary for housing, communities and local government
09/01/2018
Prime Minister Theresa May has appointed MP for Tatton, Esther McVey, as Secretary of State for Work and Pensions, it has been confirmed
09/01/2018
The Pensions Ombudsman has ruled in favour of Royal London on a case where the applicant claimed the firm provided misinformation relating to his s226 policy
09/01/2018
BT has reached an agreement with its members on a new pension deal, according to union Prospect
09/01/2018
Halifax is offering first-time buyers, homemovers and those who remortgage from another lender £500 cashback on qualifying mortgages until 18 March 2018
09/01/2018
Thirty-four per cent of British investors deal with their investments themselves with no help or advice from experts, back in line with previous years, according to Platforum
08/01/2018
Over half of pension professionals think that collective defined contribution schemes are not a solution for stressed defined benefit schemes, the Pensions Management Institute has found
08/01/2018
The FCA has imposed a financial penalty of £250,000 on former RBS interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity
08/01/2018
An estimated £300m in forgotten and unclaimed money will be released by banks and building societies in order to support disadvantaged people and those trapped in spiral debt
08/01/2018
Consumer spending fell for the fourth consecutive month in December, signalling the weakest annual performance for household expenditure since 2012
08/01/2018
Four in ten pensioner homeowners who are eligible for state support are failing to claim any state benefit, new research has shown
08/01/2018
Mortgage broker, Advance Mortgage Funding, must pay a former client more than £60,000 after an adviser provided unsuitable mortgage advice in 2009, the Financial Ombudsman Service has said
05/01/2018
The Financial Services Compensation Scheme will raise an additional £23.9m levy, in order to plug the deficit created by growing SIPP-related claims against life and pensions advisers
05/01/2018
The Financial Conduct Authority has appointed Charles Randell CBE as its new chair
05/01/2018
UK investment platforms are suspending hundreds of ETFs and investment companies for failing to comply with new regulations
05/01/2018
Growth in consumer credit has fallen to its slowest rate since 2015, with the amount borrowed by home buyers also declining, according to latest figures published by the Bank of England
05/01/2018
Over 16,000 first-time buyers have saved thousands due to the recent stamp duty changes, the government has said
04/01/2018
UK annual house price growth ended 2017 at 2.6% compared with 4.5% in 2016 according to Nationwide's latest House Price Index
04/01/2018
The average UK earner requires a pension pot that is over £300,000 to maintain their current lifestyle in retirement, it has been reported
04/01/2018
Pension schemes will need to pay close attention to their cash outflows as defined benefit transfers are set to continue in 2018, Willis Towers Watson has warned
04/01/2018
The pensions diary for 2018 is already looking busy with the likes of the DB white paper, pensions dashboard, collective DC and master trusts among others taking up time. Natalie Tuck looks ahead for the year
04/01/2018
FCA director of life insurance and financial advice Linda Woodall has stepped down from her role
03/01/2018
Four defendants have appeared at Southwark Crown Court to be sentenced for their role in the operation of an investment scheme which left investors losing just over £1.4m
03/01/2018
The added cost transparency and ban on commissions for independent financial advisers as a result of today’s MiFID II implementation will encourage greater use of low cost passive funds among retail clients, supporting the growth of ETFs, according to Moody’s vice president and senior analyst Marina Cremonese
03/01/2018
For a year that has seen Brexit takeover the agenda, it has still been a busy one for pensions. From the appointment of a new pensions minister, to government reviews and consultations, pension scheme closures, and court rulings, Natalie Tuck looks back at some of the themes of 2017
03/01/2018
The deficit of all UK private sector pension schemes fell by £37bn in the 12 months to 31 December 2017, JLT Employee Benefits has reported
03/01/2018
Mortgage arrears are the biggest source of debt in households across the UK at 31 per cent, according to leading debt charity StepChange
03/01/2018
The number of people saving regularly into ISAs with Hargreaves Lansdown has risen 40% in less than two years, to 74,010
03/01/2018
Only 19 FTSE 100 pension schemes are continuing to offer defined benefit pension schemes, as companies race to plug the £705bn liabilities black hole
02/01/2018
Pension schemes must be ready and fully understand the impact MiFID II will have on the way they invest ahead of the implementation deadline tomorrow
02/01/2018
Savers with incomes of over £150,000 who have inadvertently overpaid as part of their restricted pension contributions are facing surprise tax bills, as the deadline for filing tax returns for 2016/17 looms at the end of January
02/01/2018
More than a quarter of employees are facing 2018 with growing financial problems negatively impacting their life, according to new research from Willis Towers Watson
02/01/2018
UK mortgage approvals hit a 15-month low in November due to the Bank of England raising interest rates for the first time in more than a decade, according to UK Finance
02/01/2018
Consumers are set to face higher prices and new service charges as retailers and businesses plan to move around the government’s ban on credit card fees
02/01/2017
Demand for annuities is likely to bounce back and could “double in size” over the next decade, according to Hargreaves Lansdown
15/12/2017
AJ Bell has seen its pre-tax profits grow by 29 per cent to £21.7m, boosted by demand for SIPPs
15/12/2017
Eighty-eight per cent of defined contribution members remain in their default fund, according to the Pensions and Lifetime Savings Association
15/12/2017
The Scottish government must provide “urgent clarification” on the effect its new tax rates will have on Scottish pension contributors
15/12/2017
Three in ten (30%) believe their financial situation is not sustainable, with Londoners and those aged 18 to 24 years old most concerned
15/12/2017
Seventy per cent of consumers do not know the difference between a soft and hard credit check, potentially costing borrowers around £418 each in extra interest on a typical loan
15/12/2017
The Scottish government is to introduce a new 19p starter rate of tax and will freeze the basic rate to “protect low and middle earners”
14/12/2017
The abolition of stamp duty for many first-time buyers should trigger a wider debate about how best to tax property, according to RICS chief economist Simon Rubinsohn
14/12/2017
Almost 90% of all mortgage cases are fixed rate products, according to Paragon Mortgages’ latest Financial Advisors Confidence Tracking Index report
14/12/2017
Sentiment in the mortgage market is more optimistic now than a year ago, partly relating to the resilience in the jobs market and wider economy, but also because of the competitive nature of the mortgage market, with interest rates close to historic lows, UK Finance has said
14/12/2017
The FCA has today published a consultation on proposed new rules to help credit card customers in persistent debt
14/12/2017
MiFID II should be the death of ‘agent as client’ but advisers will need to speak up, according to PortfolioMetrix
14/12/2017
The Mortgage Awards 2018 from MoneyAge are now open to entries for mortgage lenders and providers serving clients in the UK
13/12/2017
The number and value of loans for remortgaging and for house purchases rose in October in comparison with a month ago and with the same period in 2016, according to UK Finance
13/12/2017
UK second charge mortgage market reports new business of 20% by value
13/12/2017
The government has postponed the full introduction of Help to Save until October 2018 from the original proposed start date of April 2018
13/12/2017
Easy access savings rates have delivered the most disappointing rates of the year – with an average rate of just 0.47 per cent
13/12/2017
The inflation rate rose to 3.1 per cent in November, up 0.1 per cent from October when rates were expected to peak
13/12/2017
Six members of a gang, including a former HM Revenue and Customs employee and two unqualified accountants, who stole more than £2.4m in VAT payments have been jailed for more than 24 years
11/12/2017
The “safety net” for homeowners facing financial difficulty is fast disappearing, with help being significantly scaled back over the past decade, according to a new report commissioned by UK Finance entitled Challenges for our Home Ownership Safety Net: UK and International Perspectives
11/12/2017
One in four (24%) homeowners plan to move within the next five years and almost 10% are preparing to take their next step on the property ladder next year but face a number of barriers, according to research from Lloyds Bank
11/12/2017
The value of mortgage write-offs by banks and building societies has reached a 12-year low, falling by 79 per cent, according to latest Bank of England data
11/12/2017
MPs on the Work and Pensions Committee are calling for pension savers to receive guidance unless they “expressively refuse” before being allowed to access pension cash, arguing that savers should have to actively choose to opt out of guidance
11/12/2017
Expat pensioners have an income this Christmas which is worth 20 per cent less than the previous pre-Brexit festive period, according to Equiniti which manages the payment of over 60,000 expat pensioners
11/12/2017
Pension transfer values have remained stable over November at £232,000 according to the Xafinity Transfer Value Index
11/12/2017
Xafinity has announced its proposed acquisition of Punter Southall Holdings Limited for approximately £153m
08/12/2017
Potential changes to the income tax bands in Scotland could cause “pension chaos” for 770,000 taxpayers in Scotland, according to AJ Bell
08/12/2017
Nearly half of 50-65-year olds are still unsure of how the pension freedoms will impact their retirement, according to Old Mutual Wealth research
08/12/2017
Growth of the Buy to Let market is slowing as tax and regulatory reforms bite, according to a new survey from Kent Reliance
08/12/2017
UK financial planners and advisers should consider consent, appropriateness and retention as the three key areas of GDPR preparations, IRESS has said
07/12/2017
Confidence amongst mortgage intermediaries reached its highest level since 2015 as mortgage activity increased in Q3 2017, according to Paragon’s latest Financial Advisers Confidence Tracking (FACT) Index report, based on interviews with 199 mortgage intermediaries
07/12/2017
Mortgage loan activity has reduced, with the number of new regulated loans (excluding internal product switching) in 2007 at 2,130,200 compared to 1,088,700 in 2016
07/12/2017
More than two thirds of professional advisers (67%) say increasing regulation and changes in the regulatory environment are keeping them up at night, according to research carried out among advisers by Canada Life
07/12/2017
TMA Club has added The Holmesdale Building Society to its lender panel, offering members immediate access to a broad range of innovative new products, rates and services
07/12/2017
House prices have risen by 3.9 per cent annually according to the latest Halifax House Price Index
07/12/2017
Over two million people in the UK are stuck in a constant cycle of persistent overdraft debt, according to a new report entitled Stuck in the Red by StepChange Debt Charity
07/12/2017
The Financial Conduct Authority (FCA) has today fined Bluefin Insurance Services Limited (Bluefin) £4,023,800 for having inadequate systems and controls and failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair and not misleading
06/12/2017
The Labour Shadow Minister for Pensions Alex Cunningham has voiced his support for the introduction of collective defined contribution (CDC) schemes, noting it is a “better financial solution”
06/12/2017
The government should abolish the £10,000 auto-enrolment earnings trigger, Trades Union Congress head of economic and social policy Kate Bell has said
06/12/2017
A crackdown on excessive costs and charges of older workplace pension schemes, by the government and the Financial Conduct Authority has saved members £24bn over the past four years
06/12/2017
Savers who have stuck with their high street banks are missing out on as much as 144 times more in interest compared with the best deals on the market, according to research from savings specialists, Savings Champion
05/12/2017
The total value of privately owned UK housing stock has surpassed £6trn for the first time, according to new research by Halifax
05/12/2017
UK savers can expect to receive 29 per cent of their salary while working in retirement from mandatory components, like the state pension – less than half the OECD average of 63% according to a latest OECD report
05/12/2017
The FCA has emphasised the importance of whistleblowing in the advice market to pinpoint the provision of damaging pensions advice and scams
05/12/2017
The British Airways pension schemes have temporarily suspended the provision of transfer values to active members, unless they are being requested for divorce purposes
05/12/2017
Investment in shares has dwindled from 61% of DB scheme assets in 2006 to only 29% in 2017 according the PPF’s latest edition of its Purple Book
05/12/2017
Nearly half (44%) of British adults aged over 55 are withdrawing more than 10% of their pension savings each year, according to AJ Bell
05/12/201
NS&I has put 1-year and 3-year Guaranteed Growth Bonds and Guaranteed Income Bonds back on general sale
04/12/2017
The average home in England and Wakes is now being sold for 3.86% under the price it was originally marketed for
04/12/2017
The FCA has issued a fresh warning about "free pension reviews" around DB to DC transfers
04/12/2017
DB to DC transfer advice is suitable in just 47% of cases, unsuitable in 17% of cases and unclear in 36%, the FCA has said
04/12/2017
Flexibility and choice in the financial market can also become a “companion of complexity”, meaning the role of the financial adviser is today “more important than ever”, the FCA’s director of supervision – investment, wholesale and specialists, Megan Butler has said
04/12/2017
LSL Group has announced two, five-year fixed rate exclusive products with Leeds Building Society
04/12/2017
The City of London Police and the Financial Conduct Authority are working closely on an investigation concerning the affairs of HBFS Financial Services Limited, a firm regulated by the Financial Conduct Authority
01/12/2017
In a criminal prosecution brought by the Financial Conduct Authority, Samrat Bhandari and Muhammad Aleem Mirza have been found guilty for their roles in operating an investment scheme which led to more than 300 investors losing a total of just over £1.4m
01/12/2017
The Financial Conduct Authority has commenced civil proceedings against Avacade Limited and Alexandra Associates Limited for providing “misleading statements” on pensions investments
01/12/2017
The Pensions Ombudsman and the Financial Ombudsman Service have updated a Memorandum of Understanding (MoU) to improve the exchange of information on complaints
01/12/2017
The full roll out of auto-enrolment will still leave 12 million workers excluded from the policy, leaving them to rely on the state pension and other benefits in retirement, a report by the Association of Consulting Actuaries (ACA) has warned
30/11/17
Pension savers switching from defined benefit schemes to defined contribution schemes on a non-advised basis could be the “next mis-selling scandal”, Legal & General head of DC Client Solutions Simon Chinnery has warned
30/11/2017
More than a quarter of employees believe financial problems are negatively impacting their life, according to new research from Willis Towers Watson
29/11/2017
The Financial Conduct Authority has issued a statement of objections to four asset management firms: Artemis Investment Management, Hargreave Hale, Newton Investment Management and River & Mercantile Asset Management
29/11/2017
Phoenix Life has announced it will offer selected customers with small annuity payments the chance to cash it in for a one-off lump sum
29/11/2017
Over 50s renters are not saving anywhere near enough to cover their rental costs in retirement, leaving a £43bn shortfall, according to research from Scottish Widows
29/11/2017
More than three quarters (77%) of people are not currently using a financial adviser’s services for retirement planning, according to the Aegon Retirement Confidence Survey
29/11/2017
The number of mortgage approvals rose last month, from 127,994 in September to 129,885 in October, and within this, remortgaging approvals increased to 51,593, the highest since October 2008, according to latest figures published from the Bank of England
29/11/2017
Nearly two out of five advisers are working longer hours this year than last as a combination of business growth and increased compliance and regulatory requirements lengthens the working week, exclusive adviser research from Prudential has shown
28/11/2017
Pension schemes and trustees must obtain LEI numbers prior to the introduction of MiFID II next year, Sackers has highlighted
28/11/2017
AIG Life has launched Instant Life, a level term insurance with an application time of less than eight minutes
28/11/2017
Newbury Building Society has reduced the rate of its mortgage product for customers looking to purchase a new property using the Help to Buy Equity Loan scheme
28/11/2017
Changes made to how interest is taxed may mean that some savers will need to complete a tax return and pay tax due by 31 January 2018, according to national IFA, LEBC Group
28/11/2017
Paragon has removed valuation and application fees on all its buy-to-let portfolio products
27/11/2017
Over £1bn has been stolen from accounts due to credit and debit card fraud in the last 12 months, according to new research by comparethemarket.com
27/11/2017
Forty-three per cent of adults do not have any personal savings set aside for unexpected financial events according to online research published by Equifax
27/11/2017
A third of the UK’s leading wealth managers have warned they are holding cash across clients’ portfolios in anticipation of a market correction, a survey by Legg Mason Global Asset Management has found
27/11/2017
The Work and Pensions Committee has announced its plans to launch an inquiry into Collective Defined Contribution schemes
24/11/2017
Millions of pension savers are set to fall victim to the freezing of indexation allowance for corporation tax, as announced in the Autumn Budget, Royal London has highlighted
24/11/2017
All 20 of the Libor panel banks have agreed to support the Libor benchmark ensuring the sustainability of the rate until 2021, the FCA has said
24/11/2017
Financial advisers featured on online comparison services used by consumers could be misleading the public about their credentials, a Which? Money investigation has found
24/11/2017
Mortgage lending is now 14% higher than a year ago, according to latest figures published by UK Finance
24/11/2017
Despite being introduced over two years ago, 29 per cent of baby boomers still do not understand the freedom and choice pension reforms, a report has revealed
24/11/2017
Greater compulsion is needed to ensure more employees in the future have a comfortable retirement income, ACA chairman Bob Scott has said
24/11/2017
Non-advised drawdown customers could be “heading for the rocks”, according to Retirement Advantage, as a new report has suggested there is no magic ‘one size fits all’ investment strategy that works for the duration of retirement
24/11/2017
Home buyers borrowed £6.74bn for house purchase in the third quarter of 2017 in London, up 10% quarter-on-quarter and 13% year-on-year
23/11/2017
More than two thirds (69.3%) of properties currently on the market are valued at £500,000 or less and would benefit from the £300,000 stamp duty freeze for first time buyers, according to research carried out by online estate agents HouseSimple.com
23/11/2017
Chancellor Philip Hammond’s efforts to boost housing supply “should be welcomed” and are “long overdue” according to Schroders senior European economist Azad Zangana
23/11/2017
The industry has reacted to today’s Budget announcements with relief at pensions largely being left untouched, tinged with disappointment at the lost opportunity to address pensions tax relief and intergenerational fairness
23/11/2017
The increase in the personal tax allowance to £11,850 from 6 April 2018 may encourage people to continue saving into a pension once auto-enrolment contribution rates rise in April, Aegon head of pensions Kate Smith has said
23/11/2017
Overseas pension funds are to be exempt from proposed tax changes to UK immovable property for non-residents of the UK
23/11/2017
The cost of public service pensions is forecast to grow by £3bn between 2020 and 2022, Budget documents have revealed
23/11/2017
Official Budget figures show revenue from inheritance tax has hit £5.3bn this tax year and is expected to hit £6.5bn in 2022
22/11/2017
The government has today confirmed a £10bn injection into the Help to Buy Equity Loan scheme
22/11/2017
The government is to unveil an Open Banking project from early next year, making it easier for customers to access innovative products and services that better suit their needs
22/11/2017
It is welcome news for many in the pensions industry as Chancellor Philip Hammond chose to leave pensions alone in his Budget announcement today
22/11/2017
The PA and HRT will increase to £11,850 and £46,350 respectively in 2018-19, Chancellor Philip Hammond has stated
22/11/2017
The forecast for GDP growth in the UK has been revised down by 0.5 percentage points to 1.5% in 2017, Chancellor Philip Hammond stated at today’s Budget
22/11/2017
Over the next five years, the government will commit a total of at least £44bn of capital funding, loans and guarantees to support the UK housing market, and will abolish stamp duty for all first-time buyer purchases up to £300,000 with effect from today, according to Chancellor Philip Hammond
22/11/2017
Chancellor Philip Hammond is set to announce the Budget tomorrow with a number of topics potentially on the agenda. MoneyAge investigates
21/11/2017
The Queen’s bank, Coutts & Co, is to cut as much as a tenth of its workforce in order to boost profitability
21/11/2017
The number of enforcement cases opened by the FCA has more than doubled from 2014-17, from 105 to 230, showing an environment in which financial misconduct is met with much greater scrutiny and attention
21/11/2017
The seasonally adjusted estimate of the number of residential property transactions increased by 1.7% between September 2017 and October 2017, according to HMRC’s UK Property Transactions Statistics report
21/11/2017
Small to medium sized businesses are losing out by leaving their cash with banks offering low interest rates, according to a recent YouGov survey
20/11/2017
Recent government reforms and rapid market changes have led to reduced consumer choice over pensions products, leaving the UK facing a potential crisis in the retirement income market, according to a major new study published today
20/11/2017
Thomas Cook is launching a new financial services division that will transform the holiday money and insurance services it provides to customers
20/11/2017
Advisers should ask SIPP providers for FOS data as part of their due diligence requests, according to Curtis Banks
20/11/2017
Employers are being urged to read HM Revenue and Customs’ finalised guidance on VAT on pension scheme costs, as they may be able to maximise the VAT they can recover
20/11/2017
Fresh warnings are emerging of a Budget set to raid pensions tax relief, as the government faces a “triple whammy” of revenue shortfalls.
20/11/2017
People who don’t think they can pay their debts are being given thousand of pounds of credit they haven’t asked for, Citizens Advice warns today
20/11/2017
New legislation ironing out a wrinkle in rules around the value of an ISA passing to a spouse on death has been published by the government this week
17/11/2017
The number of homeowners releasing equity from their properties hit a new high in October, according to latest figures from leading equity release provider Responsible Equity Release
17/11/2017
The government should reconsider the mandatory guidance proposal in the Financial Guidance and Claims Bill, AJ Bell has said
17/11/2017
The Financial Conduct Authority has been accused of being “complacent” over the lack of people taking financial advice when accessing their pensions
17/11/2017
The 0.75 per cent charge cap on default funds in auto-enrolment schemes will remain the same, Minister for Pensions and Financial Inclusion Guy Opperman has confirmed
17/11/2017
Several voices in the pensions industry have raised their concern at reports of the Chancellor planning to shake-up pensions tax relief, by cutting tax relief for older people
17/11/2017
The FCA’s planned total ban of anything it considers a perk given to an adviser by a provider to induce them to sell their products is concerning, according to the Chartered Institute for Securities and Investment
15/11/2017
Pensions Minister Guy Opperman has said the government is not in favour of introducing mandatory pensions guidance
15/11/2017
The second charge sector has seen seven consecutive months of growth in annualised lending, reaching £979m for year to September 2017, up 10% on the same time last year
15/11/2017
A growing interest among individuals for their investments to have a positive impact on society, as well as produce financial returns is developing in the UK, a new independent review has shown
14/11/2017
The combined deficit of schemes in the PPF 7800 Index has dropped to £149.8bn over October, the Pension Protection Fund has revealed
14/11/2017
The UK's key inflation rate remained steady in October at a five-and-a-half-year high of 3%, according to latest figures published by the Office for National Statistics
14/11/2017
Total mortgage lending declined in September but remained higher than in the same month last year, according to today’s UK Finance Mortgage lending trends
14/11/2017
Sipp provider STM Group has been suspended from trading on the London Stock Exchange’s Aim market
13/11/2017
More than one in three homes currently for sale have had original prices slashed, new research has shown
13/11/2017
Transfer values remained relatively stable over October, ending on £231,000, up £1,000 from the previous month, Xafinity has found
13/11/2017
Almost a third of consumers aged 18 to 25 have borrowed more than £1,000 over the past year, according to a new report from Equiniti
13/11/2017
Investors who pay off their mortgage in their 50s can boost their pension savings by over £200,000, new research has shown
13/11/2017
The Financial Conduct Authority has today announced that Capita Financial Managers Limited has been publicly censured and will pay up to £66m to those investors who suffered loss as a result of investing in the Guaranteed Low Risk Income Fund, Series 1 which is now in liquidation. The payment will be made via the FCA
10/11/2017
The introduction of the freedom and choice pension reformer were a “game changer” for the financial advice market, the Financial Conduct Authority’s director of policy David Geale has said
10/11/2017
Bank of Ireland is to make a €150m to €175m provision this quarter to cover compensation for an additional 6,000 mortgage customers it overcharged
10/11/2017
The majority of UK mortgage advisers could be at risk of failing to meet the new rules and data regulations set out by the forthcoming General Data Protection Regulation, according to recent research from Mortgage Brain
10/11/2017
The government may abandon pensions tax relief once auto-enrolment is “accepted and well embedded”, a former Pensions Minister, Ros Altmann, has said
09/11/2017
House prices are falling in four areas of the country, according to the latest report from the Royal Institution of Chartered Surveyors
09/11/2017
The Financial Conduct Authority’s proposed new guidance on defined benefit transfers does not change an individual’s suitability for a transfer, Wingate Financial Planning chartered financial planner Alistair Cunningham has said
09/11/2017
Just 16 out of 150 providers have passed on improved returns to their savers seven days after the rise in base rates
09/11/2017
More than half of female employees admit to feeling financially unprepared for their retirement, as evidence emerges of a gender savings gap in new research from Close Brothers and the Pensions and Lifetime Savings Association
09/11/2017
Failure to start Brexit trade talks at the EU summit in December could lead to “a difficult choice between two opposite policy stances from the Bank of England”, deVere Group's international investment strategist Tom Elliott has warned
09/11/2017
The Treasury Committee is to take a broad look at the state of UK household balance sheets, including whether households are saving adequately in the current economic environment, as part of a new inquiry
08/11/2017
HM Revenue and Customs has failed to promote its amendments to VAT recovery for defined benefit pension schemes to employers, trustees and pension providers, it has been revealed
08/11/2017
All firms providing pensions and retirement advice or marketing should use some form of cashflow modelling to protect from mis-selling, it has been suggested
08/11/2017
Prudential has initiated discussions regarding the four-way sale of its £10bn UK annuities book, it has been revealed
08/11/2017
Tributes have flooded in from across the financial services industry after the passing of AJ Bell’s Mike Morrison, aged 55
08/11/2017
Over half (55%) of UK consumers do not realise mortgage brokers can offer more product choice than banks or building societies, according to a report published by Legal and General
07/11/2017
Ministers must reconsider the rules around salary exchange for pensions to the benefit of low-paid workers, Royal London has said
07/11/2017
A complete reform of secretive tax havens should be kick-started as soon as possible, according to trade union Unite
07/11/2017
House prices in the last three months were 2.3% higher than in the previous three months, according to the latest Halifax House Price Index, the fastest price growth on this measure since January
07/11/2017
Embark Group has announced the launch of its new platform delivering a low-cost pricing model for financial advisers and their clients, seeking to materially disrupt the current platform market
06/11/2017
New HMRC figures show that stamp duty rules designed to clamp down on buy-to-let landlords have landed ordinary homebuyers with unexpected tax bills totalling over £160m which have then had to be refunded, according to mutual insurer Royal London
06/11/2017
Pension savers could receive advice vouchers to encourage a greater uptake of advice prior to retirement, Royal London director of policy Steve Webb has proposed
06/11/2017
Bank of Ireland has announced the launch of a new online offer service. From today, mortgage offers will be available for brokers to view and download online via Bank of Ireland UK’s mortgage application system
06/11/2017
The ultra-rich, including the Queen’s private estate, are secretly investing vast amounts of cash in offshore tax havens, according to a new leak dubbed the Paradise Papers
06/11/2017
Cost and trust are still the main barriers for people considering financial advice, new research published by Retirement Advantage has shown
06/11/2017
Workers whose firms are signed up to the voluntary living wage rate are set for a pay rise
06/11/2017
Concerns over mortgage payments have led to a 64% rise in first time buyers investing in physical gold since the UK government increased the base rate last week for the first time in a decade, according The Pure Gold Company
06/11/2017
The Bank of England has raised interest rates from the current 0.25% to 0.5%, representing the first increase since July 2007
02/11/2017
HM Revenue and Customs has revealed that it repaid £37m between 1 July and 30 September 2017 to individuals that were overtaxed on their pension freedom withdrawals
02/11/2017
Advisers can play a “vital role” in driving pensions engagement among millennials, Royal London has argued
02/11/2017
Kensington Mortgages has announced rate reductions of up to 0.40% across its residential range and 0.20% on selected buy-to-let products, with the new products available from today
02/11/2017
Just over three quarters (76%) of advisers are worried about possible long-term compliance and regulatory challenges linked to robo-advice, while two out of three fear robo-advice solutions will not provide the best advice for clients, a nationwide survey has shown
02/11/2017
OneSavings Bank, the specialist lending and retail savings group, is to make major changes to its Expat mortgage product range through its trading brands Kent Reliance and InterBay Commercial
01/11/2017
Retirement incomes are still 27 per cent lower than in the 2008 financial crisis, according to research by Moneyfacts
01/11/2017
Seventy-five per cent of savers feel financial advice/guidance should be the automatic option for pension savers when deciding how to use pension benefits, according to Just’s new research report Lighting Pension Pathways: Guiding pension savers through ‘freedom and choice’
01/11/2017
Markets are now pricing in a 90 per cent chance of a UK interest rate rise to 0.5 per cent tomorrow, according to Hargreaves Lansdown, taking the UK back to where it was 18 months ago
01/11/2017
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union
31/10/2017
The government must support the Cridland Review’s proposals for a mid-career financial review and retirement plan, L&G has argued
31/10/2017
A total of 93 per cent of pension savers have said that they felt more informed of their pension options following appointments with Pension Wise, a report has found
30/10/2017
A record number of people are paying capital gains tax, with 239,000 individuals paying £7,740bn in 2015/16, according to HMRC
30/10/2017
Half of over 50s want to continue working in some form after reaching retirement. Of these people, 43% plan to switch to part-time work, while 6% do not think they will ever stop full-time work, up from 4% in 2016, according to Retirement Advantage
30/10/2017
The FCA has called for product providers to pay 25% of the Financial Services Compensation Scheme's compensation costs, a move which could lead to advisers saving significant amounts of money on regulatory bills
30/10/2017
Chancellor Philip Hammond is between "a rock and a hard place" for his forthcoming Budget on 22 November, a think tank has stated
30/10/2017
The coming year could be the first year that sees more than £15bn of annuities written from final salary schemes, Aon Hewitt has suggested
30/10/2017
A mandatory, independent gateway should be implemented eventually for those seeking to access all of their pensions, without the benefit of regulated advice, retirement adviser LEBC has said
30/10/2017
New equity release plans have risen by a third as lending passed £800m in a single quarter for the first time, according to the Equity Release Council
30/10/2017
The Financial Conduct Authority has published its final guidance on the methodology for calculating redress for those who were given unsuitable advice to transfer out of a defined benefit scheme
27/10/2017
Over £14bn has been withdrawn from pension pots since the launch of the pension freedoms in April 2015, data from HMRC has revealed
25/10/2017
More than a fifth of those contacted by a suspected fraudulent investment firm stay silent, according to new research published by the FCA
25/10/2017
The UK's economy had higher than expected growth of 0.4% in the three months to September - increasing the chances of a rise in interest rates in November
25/10/2017
One third of advisers expect to direct more business to platforms over the next 12 months
25/10/2017
Six out of 10 employers have said that their members struggle to source advisers equipped to provide pension transfer advice
24/10/2017
More than half of mortgage brokers believe an interest rate rise would increase business, with 61 per cent expecting gross lending to reach between £240bn to £260bn in 2018, according to research from Legal & General Mortgage Club
24/10/2017
Flexible drawdown pension transfers increased by £114m in Q2 2017 to £954m, despite continued political and market uncertainty, Equifax Touchstone has found
24/10/2017
The government is seeking views as it develops a way to provide individuals in debt with up to six weeks free from further interest, charges and enforcement action
24/10/2017
The Financial Ombudsman Service handled 151,112 enquiries from consumers between July and September, taking on 84,845 new cases - with 8,724 complaints passed to an ombudsman at the final stage of the complaints handling process
24/10/2017
The number of new SIPP case complaints to the Financial Ombudsman Service reached 1,025 between April 2017 to September 2017, nearing the total of 1,493 cases for the whole of 2016/17, new figures have revealed
24/10/2017
HM Revenue and Customs must put an end to its “tax first, ask questions later” approach to taxing pension withdrawals under the pension freedoms legislation, Royal London has said
23/10/2017
Ninety-seven per cent of Pension Wise customers would recommend the service to others, research by the Department for Work and Pensions has found
23/10/2017
The government must now legislate on the cold-calling ban and make pension transfer advice mandatory in the Financial Guidance and Claims Bill, former Pensions Minister Ros Altmann has said
23/10/2017
Qualified financial advisers are being used by the FCA to mitigate the risks that robo-advice models deliver unsuitable advice
23/10/2017
The FCA has banned Adrian and Christine Whitehurst, former directors of debt management firm First Step Finance Limited (now dissolved), for dishonestly misappropriating client money. Over 4000 customers lost a total in excess of £6m as a result of their actions
23/10/2017
A total of 3.32 million complaints were recorded by firms in the first half of 2017, an increase from 3.04 million in the second half of 2016, the FCA has said
23/10/2017
The British Chambers of Commerce is urging the government to take immediate action to halt the expected 3.9 per cent increase in business rates valuations next year, as part of a bold Budget that seeks to boost the UK's productivity
23/10/2017
Almost one in seven charities and other organisations do not have a plan in place for the General Data Protection Rules (GDPR), which will come into force in little over seven months
23/10/2017
Borrowers on variable rate mortgages could collectively have to pay an extra £82.8m of mortgage payments in December, if the Bank of England chooses to raise the base rate by 0.25 per cent according to research from online mortgage broker Trussle
23/10/2017
IRESS and SuiteBox today announced the integration of SuiteBox’s digital workspace solutions with XPLAN
19/10/2017
Plans for new measures to help create a fairer property management system that works for everyone have been announced by the Communities Secretary Sajid Javid
19/10/2017
Prime Minister Theresa May has again rejected calls by Labour leader Jeremy Corbyn to "pause" the roll-out of universal credit amid growing fears it is causing hardship
19/10/2017
Open banking could be having a negative impact on vulnerable mortgage borrowers, the Association of Mortgage Intermediaries has warned
18/10/2017
Just 46 per cent of financial services institutions have a clear fintech strategy in place, and less than half of those believe their strategy is well aligned with the challenges posed by fintech, according to KPMG
18/10/2017
The top two investment company sectors are Sector Specialist: Leasing and Sector Specialist: Debt which recorded yields of 6.9% and 6.5% respectively, according to new figures published by the Association of Investment Companies
18/10/2017
At least 1.3 million UK adults claim to have experienced mis-selling from an adviser at some point, according to latest figures published by the FCA
18/10/2017
Two in five of those aged 55-64 who are receiving an income or have taken a lump sum from their DC pension are still employed and a quarter are unclear how they have taken money out of their pensions, whether it's through an annuity or drawdown, the FCA's Financial Lives report has shown
18/10/2017
Standard Life Investments has today launched its first impact product, the Global Equity Impact Fund
18/10/2017
One in eight people within 20 years of retirement who have an above average income have told Alliance Trust Savings that they don’t know how – or when –they will be able to afford to stop working
17/10/2017
Auto-enrolment is having the “desired effect” in improving the financial preparedness of workers across the UK, Aegon has said
17/10/2017
A total of 6.4 million or 12% of consumers have been targeted by fraudsters after revealing personal information, new research has found
17/10/2017
Chancellor Philip Hammond is mulling the idea of slashing stamp duty for first-time buyers
17/10/2017
House prices in the UK have risen by 5% in the year to August 2017, up from 4.5% in July 2017, according to the latest ONS House Price Index
17/10/2017
CPI inflation rose to 3% in September, according to latest figures published by the Office for National Statistics
17/10/2017
TMA Mortgage Club has today announced a three year fixed rate buy-to-let product with Precise Mortgages for members of its mortgage club
17/10/2017
A “pronounced” build-up of debt among young people is now occurring,” FCA chief executive Andrew Bailey has warned
16/10/2017
Pension Passport users are 10 times more likely to use Pension Wise when making retirement decisions, new research has revealed
16/10/2017
The value of specialist mortgage lenders’ annual lending has grown by 19% per year since 2009, according to a new report from the Intermediary Mortgage Lenders Association
16/10/2017
Pension savers approaching retirement are set to receive simpler, clearer communications in the future, which should help them to make better decisions about how and when to draw on their retirement savings
16/10/2017
The number of flats sold in London has dropped by 47% in 12 months
16/10/2017
Only 7% of people in the UK who support someone financially have spoken with a professional adviser about long-term financial protection, according to new research by HSBC
16/10/2017
The Association of British Insurers has called on the government to legislate to make it compulsory for all pension schemes and providers to share data for the pensions dashboard
13/10/2017
Scottish Widows, part of Lloyds Banking Group (LBG), has acquired Zurich’s UK workplace pensions and savings business, it has announced
13/10/2017
Nearly four out of five of every five pounds lent for buy to let purchases via Mortgages for Business was borrowed by a limited company in Q3 2017, according to the latest edition of the Limited Company Buy to Let Index
13/10/2017
The winners of the second annual MoneyAge Awards were announced last night at a gala ceremony in London
13/10/2017
Buy-to-let and re-mortgage lending activity has seen a fourth consecutive month of growth, latest figures published by UK Finance have shown
12/10/2017
Nearly five out of 10 brokers (49%) see robo-advice and technology as the biggest threat to their business in the next three years, research from Legal & General Mortgage Club has revealed today
12/10/2017
The Financial Conduct Authority has banned Mrs Colette Chiesa and Mr John Chiesa from working in financial services for integrity failings. Additionally, Mrs Chiesa has been fined £50,000 for attempting to mislead the FCA during an FCA interview
12/10/2017
Homeowners are taking advantage of falling lifetime mortgage interest rates, as the average amount of equity released by homeowners surpassed £80,000 in September, according to figures compiled by leading equity release provider Responsible Equity Release
12/10/2017
The disparity in the investment performance of the UK’s top ten defined contribution (DC) default funds is so large that savers in the worse fund could be missing out on over £300,000 of additional savings by the time they are 55, according to research by JLT Employee Benefits
12/10/2017
Significant inconsistency exists in the investment performance of UK with profit funds, a recent investigation by Barnett Waddingham revealed
12/10/2017
The financial services industry is "aggressively masculine" and deters women from buying mortgages, pensions and investments, a new report has shown
11/10/2017
The Pensions and Lifetime Savings Association has proposed the UK introduces national retirement income targets, known as Rits, to help savers understand what they need to save
11/10/2017
Scottish Widows has launched a digital service for workplace pension savers to enable them to easily access information about their pensions
11/10/2017
Financial service provider and asset management specialist, Hargreaves Lansdown, has seen its assets under administration rise by 4 per cent since 30 June 2017
11/10/2017
Four out of 10 UK insurance brokers are unaware of the European Union's major data protection overhaul GDPR, which comes into effect in May 2018
11/10/2017
Nearly half of advisers (47%) have seen an increase in insistent defined benefit pension transfer clients disagreeing with their recommendations in the past year, new research from pension specialist and SIPP provider Momentum Pensions shows
11/10/2017
The combined deficit of the schemes in the PPF 7800 deficit has dropped to £158bn over September, decreasing by £62.4bn from £220.4bn at the end of August
10/10/2017
A wide disparity between the costs faced by advisers of buying investment trust shares for clients via platforms remains, research conducted by the Association of Investment Companies has shown
10/10/2017
Kent Reliance, the specialist mortgage provider and part of OneSavings Bank, has today introduced a fees assisted remortgage product range for residential and standard BTL applications as part of its ongoing campaign to create a slicker application process for brokers
10/10/2017
Independent SSAS provider and bespoke SIPP and Family SIPP operator, Rowanmoor, is waiving 100 per cent of its SSAS new scheme and takeover set up fees between 1 October and 31 March 2018
10/10/2017
Three quarters of financial advisers are bullish about the investment outlook for UK infrastructure assets and 32 per cent are looking to increase client allocation to infrastructure, according to a new study
10/10/2017
Over half, 57 per cent, of millennials demand fossil fuel free pension investments, a survey has found
10/10/2017
Now: Pensions has announced it is increasing its monthly administration fee for auto-enrolled savers from April 2018, when contributions increase to 5 per cent
10/10/2017
Defined contribution default funds are not appropriate for all master trust members, the Pensions Policy Institute has said
09/10/2017
Half of financial advisers expect investment returns will rise over the next year, with just 29% anticipating falls
09/10/2017
Rising levels of debt of £203bn within the UK economy has led the IMF to warn of "risks down the road"
09/10/2017
Prudential has commissioned AKG to undertake an independent review of its smoothed multi-asset PruFund range of funds to support the more than 4,000 advisers across the UK, who use the fund range to meet their due diligence requirements
09/10/2017
Greater demand from investors has given a boost to assets under management in the “impact” sector, according to the latest Good Investment Review from Good With Money and 3D Investing
06/10/2017
The number of over-fifties willing to take a risk with their finances has increased over the past year, according to research from annuities, drawdown and equity release group Retirement Advantage
06/10/2017
Transfer values from defined benefit pension schemes fell sharply during the month of September as gilt yields rose on the expectation of a near-term interest rate rise
06/10/2017
Master trust Smart Pension has announced that from next year it will offer a tax relief-at-source option in addition to its current net pay arrangement for auto-enrolment pensions. This will increase the value of contributions made by the lowest-earning members.
06/10/2017
The insurance and life assurance giant Aviva is to acquire a majority stake in Wealthify Group Limited, the holding company of the online investment service Wealthify
05/10/2017
The Advertising Standards Authority (ASA) has banned a television advertisement for an equity release scheme on the grounds that it was “misleading”
05/10/2017
Over half of UK adults are currently without a will, according to a poll of 2,001 individuals carried out last month by Opinium Research on behalf of adviser directory Unbiased.co.uk
05/10/2017
The Tipton and Coseley Building Society has teamed up with specialist lender BuildLoan to launch two new self- and custom-build mortgage products
04/10/2017
Salisbury and London-based Chestergate Financial Planning has become the latest firm to be acquired by the asset management and legal services business Progeny Group
04/10/2017
Over 50s are prioritising leaving an inheritance for their children over spending on themselves, according to research carried out on behalf of the financial services provider Saga Money
03/10/2017
Just 47 per cent of defined benefit pension transfer cases reviewed by the FCA in the past two years were found to be suitable, the regulator said in an update published today (3 October 2017).
03/10/2017
The business model operated by online discretionary investment manager Nutmeg has been attacked by the digital wealth manager SCM Direct following the publication of its accounts last Friday (29 September).
03/10/2017
The public have very little trust in politicians to carry out reforms that will safeguard their retirement incomes, according to a survey carried out by the pollster Populus on behalf of the Pensions Management Institute (PMI).
02/10/2017
The investment ratings and research agency FE has launched a new investment process aimed at financial advisers. FE Analytics+ Investment Planner includes a new risk profiling tool as well as functionality that enables advisers to map investment solutions to a client’s risk profile and a report generation tool.
02/10/2017
Halifax has today (2 October) become the third lender in less than a week to increase the interest rates on its mortgage products. Its rates will increase by up to 0.2 percentage points, although for some products the rise will only be between 0.05 and 0.1 percentage points.
02/10/2017
Personal pension contributions hit a record high in 2015/16 with 9 million people contributing £24.3 billion into personal pensions
29092017
London is the weakest performing region for the first time since 2005, with house prices down 0.6% year-on-year, according to the latest Nationwide House Price Index
29/09/2017
The Governor of the Bank of England has given his biggest indication yet that the Bank of England base rate will increase in the very near future
29/09/2017
Employees’ reluctance to take pensions advice before accessing their pension pots is due to a lack of understanding of what advice is, and not just costs, Wealth at Work has claimed
28/09/2017
Total membership of occupational pension schemes in the UK was 39.2 million in 2016, the highest level recorded by the ONS, representing an increase of 17.1% compared with 2015 (33.5 million)
28/09/2017
A record number of property purchases using a Help to Buy ISA were completed in June
28/09/2017
Nearly two out of five financial advisers expect the number of advisers in the profession to increase over the next 12 months, latest research published by Prudential shows
28/09/2017
Three quarters (74%) of financial advisers have raised a red flag about people in the UK not tackling their long term financial planning early enough, ranking it as the biggest threat to financial security in retirement, according to Aegon’s new Adviser Attitudes Report
27/09/2017
Seventy-five per cent of savers feel financial advice/guidance should be required when deciding how to use pension benefits, according to Just’s latest report Lighting Pension Pathways: Guiding pension savers through freedom and choice.

With a Work & Pensions Select Committee set up to determine the merits of pension freedoms, Just believes default guidance is necessary to secure the long-term success of freedom and choice in pensions
27/09/2017
Homeowners are being warned off rushing into long-term fixed rate deals amidst the recent remortgage surge, Choice Finance has said
27/09/2017
HMRC’s new simple assessment tax system could lead to people paying the incorrect amount of tax, tax and advisory firm Blick Rothenberg
26/09/2017
Auto-enrolled savers are being lulled into a false sense of security when it comes to their retirement savings, according to research from NOW: Pensions, with over half (56%) of those with workplace pensions relying on it as their only form of saving for retirement
26/09/2017
Mortgage lending levels rose steadily in August with gross mortgage lending now at £24.2bn, of which £15.1bn was lent by High Street Banks
26/09/2017
The Financial Conduct Authority (FCA) has rejected calls for a fundamental review of point of sale (POS) disclosure rules despite acknowledging lengthy documentation can confuse customers
26/09/2017
Advisers and wealth managers purchased record amounts of investment trusts on adviser platforms in the first half of 2017, according to the Association of Investment Companies
26/09/2017
A total of seven in 10 Brits in workplace pensions would like the government to introduce a compulsory contribution rate that will result in an adequate retirement income, BlackRock has found
25/09/2017
Auto-enrolment hit a record high in 2016, with the number of policies reaching 7.5 million, an increase of 11 per cent on 2015, and equivalent to 725,000 policies, the Association of British Insurers has said
25/09/2017