More Archive News

The Consumer Price Index (CPI) rate of inflation has risen to 2.5 per cent in July, up from 2.4 per cent in June, driven by volatile prices for computer games and rising transport costs
16/08/2018
Since the launch of the Help to Buy (HTB) ISA, 146,753 property completions have been supported by the scheme, according to the latest figures from HM Treasury’s Help to Buy: ISA scheme Quarterly Statistics
16/08/2018
AJ Bell has warned that the government will risk a backlash from younger voters if it “caves to pressure” to scrap the Lifetime ISA (LISA), a product created in 2016 to help younger people save for a first home or retirement
16/08/2018
Despite there being evidence that suggested standalone robo-advice will not attract affluent investors, data and analytics firm GlobalData says that it will offer competitive advantage to traditional wealth managers over competitors
16/08/2018
Following the launch of Vida Homeloans helping hand mortgage, the first joint borrower sole proprietor mortgage to be offered by a specialist lender, the lender is offering mortgage brokers the opportunity to help a local school, community centre, charity or sports club
15/08/2018
The Liberal Democrat’s spokesperson for work and pensions, Stephen Lloyd, has blasted the government over its failure to implement a cold calling ban, especially in light of new figures on pension scams
15/08/2018
Following the publication of the Support for Mortgage Interest (SMI) statistics, Royal London personal finance specialist Helen Morrissey said that “we could see many people fall into arrears”
15/08/2018
An annual assessment of FTSE 100 CEO pay packages released today shows that CEO median pay rose by 11% between 2016 and 2017, despite criticism from government and investors over the excessive pay packets
15/08/2018
Less than 50% of Royal Bank of Scotland’s (RBS) customers would recommend its customer service to friends and family, according to rankings from the Competition and Markets Authority, which has published its first set of results
15/08/2018
Consumer finance new business grew by 9% in June, compared with the same month a year earlier, according to the latest figures released today by the Finance & Leasing Association (FLA)
15/08/2018
The Pensions Regulator and the Financial Conduct Authority have joined forces to launch a campaign urging people to be aware of scammers targeting their pension savings, as it was revealed an average £91,000 was lost per victim in 2017
15/08/2018
Over half (52%) of landlords are positive about being a landlord in the current economic and political climate, while just 16% were concerned and felt worried, according to recent research from Your Move
15/08/2018
During the second quarter of 2018, RSA Security recovered nearly 5.1 million unique compromised cards and card previews from reliable online fraud stores and other sources, representing a 60% increase on the number of cards recovered in the first quarter of 2018
14/08/2018
Wealth tied up in people’s houses is no automatic ‘safety valve’ for people who have inadequate pension savings, according to new research by Royal London
14/08/2018
Pension scam victims lose an average of £91,000 each as fraudsters see opportunity to loot pension pots, as Action Fraud revealed that a total of 253 victims reported losing more than £23m to scammers in 2017
14/08/2018
Taxpayers only have a few weeks to disclose undeclared offshore tax liabilities to HMRC or risk a stiff penalty, the Chartered Institute of Taxation (CIOT) has warned
14/08/2018
Throughout June, there were 34,900 new first-time buyer mortgages completed, 3.6% lower than the figure reported in June 2017, equating to £5.8bn of new lending and representing a decrease of 1.7% year-on-year, according to UK Finance’s Mortgage Trends Update for June 2018
14/08/2018
The Financial Conduct Authority (FCA) received a record number of reports of unauthorised activity in the past 12 months, and is taking almost four times longer to complete criminal cases, according to date from the authority’s annual report analysed by Linklaters
13/08/2018
The number of British adults planning to move home in 2018, which was previously consistent at 8%, has dropped to 6% in the 48 hours following the BoE’s announcement to increase its base rate, according to new research from AA Financial Services
13/08/2018
Standard Life’s default fund returned less than half than that of the top performing provider, Zurich, over the last three years, despite having active management elements in the fund, it has been revealed
13/08/2018
First-time buyers have seen a 21% hike in property prices over the last decade, with the average price rocketing from £172,659 in 2008 to £208,741 now, according to the latest First-Time Buyer Review from Halifax
13/08/2018
Legal & General (L&G) has completed £735m of pension risk transfer deals in the first half of 2018 and expects to close on a further £7bn of transactions in H2 2018
10/08/2018
Rental prices could rise by 15% by 2023 as the supply of new rental properties slows down, according to a recent survey by the Royal Institution of Chartered Surveyors (RICS)
10/08/2018
The shortlist for the MoneyAge Awards 2018 has been revealed
10/08/2018
Legal & General Home Finance has recently announced a new 5-year partnership agreement with Virgin Money, which will see the retirement lender offer its lifetime mortgage product range to the bank’s interest-only customers aged 55 and over; and more...
10/08/2018
The aggregate pension deficit of the top 350 performing firms in the UK has fallen by £27bn to £35bn since the beginning of 2017, according to new data
09/08/2018
Over £2bn has been stolen from people’s bank and credit card accounts in the last year, averaging £833.54 per person, a 38% (£233) increase compared to last year, according to a poll commissioned by Compare the Market
09/08/2018
In the second quarter of 2018, there were 76,740 homeowner mortgages in arrears of 2.5% or more of the outstanding balance, 8% lower than the figures reported in the second quarter of 2017, according to the most recent statistics from UK Finance
09/08/2018
It has been nine months since the old £1 coin stopped being legal tender, but the Royal Mint reported that around 169 million of them have not yet been returned
09/08/2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 other financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal to create a ‘global sandbox’.

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

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

The money is expected to come from a combination of increased government borrowing, freezing existing tax thresholds and higher taxes (assuming economic growth doesn’t vastly outstrip current expectations)
18/06/2018
Fintech is going to play a “hugely positive role” when it comes to increasing people’s engagement with their retirement savings, the Pensions and Lifetime Savings Association policy lead: engagement, EU and regulation James Walsh has said
18/06/2018
A total 13.2 billion card payments were made at the end of 2017, compared to 13.1 billion cash payments, therefore overtaking the latter for the first time, according to the latest UK Payments Market report
18/06/2018
Equitable Life is to shut down in 2019, with the closure of its With Profits Fund, which will
create an average windfall of £6,900 for policyholders
15/06/2018
Kent Reliance launches income backed BTL for limited companies and individual lending
15/06/2018
West One Secure Loans is now able to offer residential second charge mortgage products to borrowers whose main residence is located in mainland Scotland, the lender has announced
15/06/2018
Knowledge Bank has announced the launch of its new monthly criteria activity tracker to keep brokers and lenders up to date with criteria movements in the mortgage and loan sectors
15/06/2018
There was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36% and buy-to-let remortgages up 32.4% compared to the same month a year earlier according to UK Finance’s latest Mortgage Trends Update
14/06/2018
Foundation Home Loans has increased its borrowing limits and reduced rates across its buy-to-let range, including products for limited companies and individuals with prior landlord experience financing a HMO
14/06/2018
The inheritance tax gap has grown to £600m in 2016/17, rising 50% from £400m five years ago in 2012/13, according to new statistics published by HMRC
14/06/2018
Almost one fifth of pension savers would opt for a “green pension”, with those under 30 twice as likely to choose the eco-friendly option than those over 50, PensionBee research has found
14/06/2018
Just one in five of people who are approaching retirement age are saving enough to maintain their lifestyle, according to research by Aegon
14/06/2018
Pensions Minister Guy Opperman has confirmed that the terminally ill are not permitted to access their state pension earlier than the set age
14/06/2018
Men are over twice as likely to have their pensions reviewed by a financial advice firm, according to research by Selectapension
13/06/2018
The Financial Reporting Council (FRC) has sanctioned PwC, along with one of its former audit partners, following an investigation into BHS’ 2014 audits
13/06/2018
Average house prices in the UK have increased by 3.9% in the year to April 2018, a decrease on the 4.2% figure released in March 2018, according to the latest UK House Price Index published by HM Land Registry and Office for National Statistics
13/06/2018
The UK mortgage market “boasted” substantial growth between April and May, with first-time buyers among the main beneficiaries, according to the latest Mortgage Monitor from e.surv
13/06/2018
Defined benefit (DB) transfer values as measured by the Xafinity Punter Southall (XPS) Pensions Group Transfer Value Index fluctuated during May 2018, with an overall rise throughout the month
12/06/2018
A recent Scottish Widows Retirement Report has suggested that those with multiple jobs are missing out on £90m of employer pension contributions because they do not meet the minimum wage threshold
12/06/2018
One in five UK landlords entered the world of buy-to-let unintentionally, finding themselves with a property “accidentally” or acquiring it through inheritance, according to the latest sentiment research from Foundation Home Loans
12/06/2018
HMRC has appointed director for customs and indirect tax Ruth Stanier as its new director general of customer strategy and tax design
12/06/2018
AJ Bell has recently launched a stocks and shares Lifetime ISA (LISA) for clients of financial advisers via the AJ Bell Investcentre platform, becoming the second adviser platform to offer a LISA
12/06/2018
NS&I has cut the savings limit on its one and three-year Guaranteed Growth Bonds and Guaranteed Income Bonds from £1m to £10,000, reported Hargreaves Lansdown
11/06/2018
Association of Account Technicians (AAT) has recently responded to the Office for Tax Simplifications (OTS) inheritance tax (IHT) review, stating that the tax is “widely misunderstood, unnecessarily complicated and that several exemptions should be scrapped”
11/06/2018
The UK’s largest public businesses may soon have to publish the gap between the pay of their chief executive and an average worker, with business secretary Greg Clark stating that all companies with over 250 employees will be required to disclose and explain this difference, known as the “pay ratio”
11/06/2018
Vida Homeloans has announced the expansion of its sales team, with three new key account managers who will report into Vida’s south sales manager Stewart Green
11/06/2018
Over the past couple of years, consumers have started relying more on technology to carry out their everyday banking activities, and to provide them with alerts and updates relating to their bank account, with UK Finance revealing that banks send over 16 text alerts every second
08/06/2018
A total of 77 per cent of advisers have said that they are spending more time and resources on the provision of retirement advice since the launch of the pension freedoms
08/06/2018
Royal Bank of Scotland (RBS) chief executive Ross McEwan yesterday hinted that bank will be able to resume paying dividends within just a few months
08/06/2018
Just 31 % of over 50s plan to consult a professional financial adviser for information on their retirement options, a significant fall from the 42% figure recorded last year, according to new research from Retirement Advantage
08/06/2018
ING announced that it is expanding its money management platform Yolt to France and Italy, allowing its French and Italian customers to manage their personal finances with a “one-stop” overview of their accounts with most UK banks and other features; and more
08/06/2018
Credit Suisse will pay $47m (£35m) to the US Department of Justice (DoJ) over hiring practices in Asia, the bank yesterday confirmed.
07/06/2018
The majority of the pensions industry (71 per cent) are in favour of multiple pension dashboards, rather than a single dashboard, according to research by the Tax Incentivised Savings Association (TISA)
07/06/2018
London house prices are expected to fall this year as Brexit hampers demand, according to a Reuters poll of housing market specialists
07/06/2018
Rental growth in England, not including London, dropped to 1.18% in the year to May 2018, representing the smallest annual increase in five years, according the latest figures from the Landbay Rental Index
07/06/2018
The Bank of England (BoE) will force banks to publish plans illustrating how they would wind up operations if they were to go bust, announced BoE deputy governor Sir Jon Cunliffe, in the next step in regulators’ efforts to clamp down on “too big to fail” lenders
06/06/2018
The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days
06/06/2018
Royal Bank of Scotland (RBS) CEO Ross McEwan yesterday said that now is “the right time to re-start the share sale process” following the governments’ decision to sell 7.7 per cent of its stake in the company for £2.5bn
06/06/2018
UK house prices are currently 106 times higher than they were when England won the World Cup in 1966, growing three times faster than wages, according to research from mortgage broker, Trussle
06/06/2018
Just two UK investment vehicles have crept into the top ten active funds most recommended by advisers in May, research by AJ Bell has shown
06/06/2018
The number of under 30s saving enough for retirement has risen sharply by 9%, according to the 14th annual Scottish Widows Retirement Report, despite more than one in five young people still saving nothing for later life
06/06/2018
Just Group has developed a unique lifetime mortgage product enabling Saga customers to receive a monthly payment
06/06/2018
A former police officer, financial adviser and a City trader have been jailed for a total of eight years for a £2.4m tax scam after an investigation by HM Revenue and Customs (HMRC)
05/06/2018
Equity release lender more 2 life has recently revealed that despite almost 80% of advisors having at least one social media account, only 38% of them use these channels to promote their advisory services, while just 32% use it to share equity release news and developments
05/06/2018
The total amount saved in workplace pensions has increased £4.3bn to £90.3bn in 2017, new government data has revealed
05/06/2018
US Bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group (LBG)
05/06/2018
The government yesterday kicked off the sale of its remaining stake in Royal Bank of Scotland (RBS), announcing that it would begin the process of offloading 7.7 per cent of the bailed-out bank overnight
05/06/2018
Employee benefits firm Mattioli Woods has suspended its pension transfer advice service amid a Financial Conduct Authority (FCA) review of its work in the area
04/06/2018
In its response to the latest FCA consultation paper CP18/17 on DB transfers, Aegon has warned the FCA that its draft guidance on triage places ‘considerable limitations’ on its likely effectiveness, and is also calling for a more “creative approach” to focus on what can, rather than what cannot be done within guidance
04/06/2018
The Treasury is set to net £185bn from income tax receipts in 2018/19, compared to £178bn in 2015/16, according the latest HMRC data
04/06/2018
The owner of Clydesdale and Yorkshire Banks CYBG has made a revised offer to merge with Virgin Money and form a challenger worth £4bn
04/06/2018
The trustee of the Littlewoods Pensions Scheme has completed a £880m buy-in with Scottish Widows, it has been announced
01/06/2018
FTSE 100 defined benefit pension schemes are “close to showing an aggregate surplus” for the first time a decade, while all DB schemes’ funding continues to improve, JLT Employee Benefits has noted
01/06/2018
Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world, with Barclays chief executive Jes Staley sating that “Brexit uncertainty was helping to stunt economic growth”, which the bank “could not ignore”
01/06/2018
The government has announced that Bradley Fried has been appointed Chair of the Court of the Bank of England, with effect from 1 July 2018
01/06/2018
The FCA has announced new proposals that are designed to protect millions of consumers who use overdrafts and high-cost credit, giving them greater control over their finances and reduce their costs
31/05/2018
Net lending for consumer credit was £1.8bn in April, a tremendous increase compared to the £0.4bn reported in March, according to the Bank of England’s (BoE) Money and Credit: April 2018 report
31/05/2018
UK annual house price growth slowed “modestly” in May to 2.4%, from 2.6% in April, according to the Nationwide House Price Index
31/05/2018
Anthony Philip James & Co (APJ) has issued over 30 lawsuits against self-invested personal pension provider, Liberty Sipp, in what is believed to be the largest number of claims against the pension firm
30/05/2018
The number of landlords remortgaging is running close to record levels, according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index
30/05/2018
British expats acquiring buy-to-let (B2L) property in the UK are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years, according to research from Thistle Finance and Mercury FX
30/05/2018
Over the past 15 years, the average annuity purchase value has grown by 167%, while annuity rates fell by 26%, according to the results published by the Hargreaves Lansdown annuity index
29/05/2018
Aegon has recently found that 64% of people have more than one pension pot and, of that 64%, 22% have lost track of one or all of their pensions
29/05/2018
London homebuyers receive more help from their parents to buy a home than in any other region, with residents of the capital also having the highest parental contributions – almost £31,000 per transaction on average
29/05/2018
An advisory body to the Treasury has called for a review of the rules under which thousands of saves are taxed at emergency rates when drawing down their pensions early
25/05/2018
Over the past year, high street savings have grown just 1.4%, the lowest rate seen in over ten years, according to the latest figures from UK Finance
25/05/2018
Traditionally, it has been viewed that criminals target the vulnerable and elderly. However, Royal London personal finance specialist Helen Morrissey notes that this view is “evolving quickly”, with recent scams proving that no one is safe
25/05/2018
PRIMIS Mortgage Network has revealed a new partnership with SmartSearch, enabling its brokers to conduct “the most comprehensive” anti-money laundering (AML) checks possible; and more
25/05/2018
A new report has found that those who privately rent before and during retirement will need to accrue a pension pot of around £450,000 to live comfortably, whereas mortgage-free homeowners are estimated to need £250,000
24/05/2018
Just Group is planning to “disrupt” the defined benefit transfer market with launch of its new business, Hub Pension Solutions
24/05/2018
City analysts yesterday dubbed the suggested merger between Barclays and Asian-focused bank Standard Charter “far-fetched”, stating that shareholders would be “horrified”
24/05/2018
Data and technology can help detect and disrupt criminal activity, FCA executive director of supervision Megan Butler has said in a speech at the anti-money laundering (AML) TechSprint conference
23/05/2018
The average house price in England in the year to March 2018 grew by 4%, up from 3.9% in the year to February 2018, according to the latest UK House Price Index published by HM Land Registry
23/05/2018
Four in five retirees using the new pension freedoms to manage their retirement savings face a potential ‘later-life financial crisis’ as they have not set up a Lasting Power of Attorney (LPA), warned a report recently published by Zurich
23/05/2018
TSB handed out around 1,500 free android smartphone devices to business banking customers, which were effectively rendered useless in the midst of the lenders platform migration meltdown
23/05/2018
Banks now send more than 16 text alerts every second, with approximately 512 million being sent to bank customers last year, revealed UK Finance
23/05/2018
FTSE 100 pension schemes recorded their first year-end accounting surplus since the financial crash in 2007/08, however funding dangers still loom, LCP has reported
23/05/2018
The FCA has published a decision notice, confirming that it has decided to ban Darren Lee Newton from working in any regulated activity in the financial services sector
23/05/2018
The fall from 2.5% in March was partly blamed on the timing of Easter, which resulted in a seasonal air fares not being included in April this year
23/05/2018
The estimated, seasonally adjusted number of residential property transactions increased by 3.5% between March 2018 and April 2018, but this figure is 2.7% lower than that reported during the same period in 2017, revealed HMRC’s UK Property Transactions Count – April 2018
22/05/2018
“Worryingly” low levels of savers are seeking financial advice when planning for retirement and making other financial decisions
22/05/2018
Those over the age of 65 are expected to owe around £86bn by the end of 2018, according to figures from the Centre for Economics and Business Research (Cebr) and More 2 Life
22/05/2018
Barclays celebrated a significant victory over the Serious Fraud Office (SFO) yesterday, as the Crown Court dismissed charges surrounding the bank’s huge capital raising during the financial crisis in 2008
22/05/2018
Although London has experienced a recent slowdown in the rise of its property prices, the average amount a first-time buyer in the capital will have to pay has now increased to over £400,000, double that paid by first-time buyers across the rest of the UK, according to research from Lloyds Bank
21/05/2018
The property market could be flooded by homes for first-time buyers as 380,000 buy-to-let (B2L) investors seek to offload their property in the next year, landlords have claimed in a survey conducted by the National Landlords Association (NLA)
21/05/2018
House prices in London and the South East have continued to slump, despite hitting a record high across the UK as a whole, data published by Rightmove has revealed
21/05/2018
A total of 90 per cent of pension schemes have recorded a rise in transfer value requests from members over the last 18 months, Aon has found
18/05/2018
Lloyds Bank has made a deal to sell its £4bn Irish property book to rival lender, Barclays, a move that compensates for £110m loss reported by the lender
18/05/2018
Landbay has announced its new partnership with Legal and General Mortgage Club to provide mortgage brokers and their clients with access to its products; and more
18/05/2018
Pensions provider Just Group has seen new business sales jump by 41 per cent to £617m over Q1 2018, boosting its share price by 12 per cent on the London Stock Exchange today, 17 May 2018
17/05/2018
As a result of a Saudi Arabian bank deal announced yesterday, Royal Bank of Scotland (RBS) could potentially be a step closer to returning to private ownership, as it would be able to relinquish $5bn in the Saudi bank
17/05/2018
Trade minister Liam Fox has announced that he will invite overseas investors to submit bids for financing £30bn worth of projects to help the UK’s economy cope with the effects of leaving the EU
17/05/2018
AJ Bell has announced that its customer number have increased by 12% to 183,483 from 164,557 at 30 September 2017, while the firms profit before tax also rose by 24% to £13.9m compared to the first half of 2017 with £11.2m
17/05/2018
On average, 64 per cent of advisers are unable to understand the rules around expression of wish forms and beneficiaries’ drawdown options, Curtis Bank has found
16/05/2018
The average person will have to save £260,000 over their lifetime to enjoy a basic income during retirement, whereas those not on the property ladder will need £445,000, according to former pensions minister Steve Webb
16/05/2018
UK Finance’s Mortgage Trends Update for March 2018 revealed a slight increase in the lending to first-time buyers compared to a year earlier, while the remortgaging market slowed down
16/05/2018
After the first tier tax tribunal in favour of Hargreaves Lansdown, HMRC has taken the decision to appeal the ‘discount tax’ ruling
16/05/2018
The workplace pension provider Now Pensions has committed to topping up the pensions of non-taxpaying members for the 2017/18 and 2018/19 tax years
15/05/2018
Wages rose at an annual rate of 2.9% in the three months to March, faster than in inflation for the first time in over a year, official figures revealed
15/05/2018
One in five financial institutions is considering trading cryptocurrencies within the next 12 months, according to a survey recently published by Thomson Reuters
15/05/2018
Over half (51%) of the British population under the age of 45 would be interested in banking products or services from technology giants such as Apple, Google or Amazon, revealed research from Equifax
15/05/2018
Although property prices in London are falling, a lack of housing is driving rental prices up by 5% a year, according to data from Haart
15/05/2018
The FCA and the PRA have together fined Barclays Group chief executive James Stayley, a total of £642,430. Staley failed to act with due skill, care and diligence in the way he acted in response to an anonymous letter received by Barclays in June 2016.
14/05/2018
The FCA has secured confiscation orders totalling £1.69m against convicted insider dealers
14/05/2018
ESG investing is becoming a key part of clients’ investment decisions, according to findings from Royal London Asset Management’s annual investment conference
14/05/2018
The majority of comparison websites that compare best the best savings rates in the UK do not rank Shariah-compliant banks alongside mainstream products, according to research conducted by Gatehouse Bank
14/05/2018
Vida Homeloans has widened its B2L expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada, the lender has announced
14/05/2018
Vida Homeloans is to roll out distribution of its second charge mortgage range, offering a range of Residential and Buy to Let (BTL) second charge mortgages through master brokers; Loans Warehouse, CSC Loans, Positive Lending, Brightstar, Specialist Finance, Complete FS, Loan.co.uk and Promise Solutions
11/05/2018
The owner of property website Zoopla and comparison site Uswitch has agreed to be bought by a US private equity firm
11/05/2018
Long-term property investment is set to deliver significant returns for landlords, despite recent regulatory and taxation changes, according to detailed analysis by Kent Reliance
11/05/2018
More than four-fifths (81%) of UK homeowners who bought a property in the last 12 months would use a mortgage broker if they were securing their mortgage again, according to the latest figures from Legal & General’s Mortgage Myths campaign.
11/05/2018
Pension transfer values fell slightly over April 2018, from £235,000 to £232,000, according to the Xafinity Transfer Value Index
11/05/2018
The winners of the inaugural Mortgage Awards 2018 were announced last night at a glittering gala ceremony in London attended by over 200 people
11/05/2018
Recently it looked almost certain that the Bank of England (BoE) was going to increase interest rates by 0.25%
10/05/2018
There were 78,800 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2018, representing an 8% drop compared to the same period in 2017 and the lowest level since records began in 1994, according to UK Finance’s latest Mortgage Arrears and Possessions Update
10/05/2018
London’s housing market has experienced its worst month in nearly a decade, with surveyors expecting prices to drop even further over the next year
10/05/2018
Shares in Virgin Money rose by 9.89% yesterday to reach 343.3p, as investors welcomed the news of the latest consolidation in the British challenger bank sector, while shares in CYBG also rose by 1.3%
09/05/2018
A well-known FTSE chairman has received criticism from investors after three companies that he currently chairs have fallen into trouble
09/05/2018
Trussle has secured £13.6m in financing from a group of leading international investors led by Goldman Sachs Principal Strategic Investments and Propel Venture Partners in its Series B funding round
09/05/2018
House prices in the last three months to April were 2.2% higher than in the same three months in 2017, according to the Halifax House Price index, a decline from the 2.7% annual growth recorded in March
08/05/2018
The owner of Clydesdale and Yorkshire Bank CYBG has approached Virgin Money with a proposed full-share takeover, valuing the firm at £1.6bn
08/05/2018
A £10,000 payment should be given to all young adults when they reach the age of 25, while pensioners should be taxed more, a new report into intergenerational fairness in the UK has suggested
08/05/2018
The government must reform the “absurd” tax over-pay and reclaim system for pensions, as new HMRC figures show over £280m has been repaid since pension freedoms was introduced, Royal London director of policy Steve Webb has said
04/05/2018
Lloyd’s Banking Group’s ‘mule-hunting team’ has already stopped more than £1m from being transferred to fraudster’s accounts since its launch at the beginning of 2018, the bank has announced
04/05/2018
The FCA has found that competition in the mortgage market is working well for many people, but has also identified “a number” of ways in which the market could work even better for some people
04/05/2018
Landbay has recently reported its strongest quarter to date and has revealed plans to increase its headcount by 70% by summer 2018; and more
04/05/2018
The Bank of England (BoE) has appointed former Morgan Stanley and Schroders analyst Huw van Steenis as an adviser to governor Mark Carney
03/05/2018
In March, ISA sales turned positive for the first time in seven months at £363m, with an additional £256m in the first 5 days of April as investors sought to use their 2017/18 ISA allowance, according to the Investment Association’s March investment review
03/05/2018
The average rental costs for a property in England has risen in the year to April by 0.64%, bringing the monthly average price to £1,232 per month, despite rental costs in London falling by 0.27%, according to the latest Landbay Rental Index
03/05/2018
A decline in the number of active and open defined benefit contribution pension schemes has continued, with 53% of final salary schemes closed to new members and 43% closed to future accrual, leaving just 4% open to new members, according to a survey conducted by Barnett Waddingham
02/05/2018
A freedom of information request submitted by Retirement Advantage revealed the “full impact” of the lifetime allowance since it was introduced in the 2006/07 tax year, representing a 1000% increase in the total value of annual tax collected as a result of an individual’s pension exceeding the limit
02/05/2018
A third of people using drawdown to fund their retirement have no investment experience, though two in five of those have not received financial advice or guidance, revealed new research from Zurich UK
02/05/2018
Sainsbury’s defined benefit pension deficit has reduced by £589m to £261m on an IAS 19 accounting basis, ahead of its merger with Asda, it has announced
01/05/2018
Aviva has announced that it will commence a share buy-back of its ordinary shares for up to a maximum aggregate consideration of £600m
01/05/2018
Providers will have to contribute 25% of advisers’ Financial Services Compensation Scheme bills, the FCA has ruled.

Despite opposition from some providers, and some advisers arguing that providers should have to pay up to 75% in response to the FCA’s consultation, the regulator has decided to proceed with proposals for providers to cover a quarter of advisers’ funding requirement
01/05/2018
The Department for Work and Pensions has published new guidance that is intended to assist trustees in complying with the new regulations involving bulk transfers
30/04/2018
Last time buyers now own £938bn of UK housing stock and will reach the £1trn mark before the end of this year, according to new research published by Legal & General
30/04/2018
Banks may be forced to pay a further £18bn to consumers in payment protection insurance (PPI) claims ahead of the August 2019 deadline, following miscalculations by the Financial Conduct Authority
30/04/2018
Belmont Green Finance has announced that it has completed a £308m UK mortgage-backed securitisation led by NatWest markets and Macquarie Bank and co-managed by Barclays
30/04/2018
City investment banks, lawyers and other professional services firms could share more than £120m in fees from the merger of Sainsbury’s and Asda, with the two supermarket chains set to face over 12 months of complex negotiations to finalise their deal
30/04/2018
Sainsbury’s has confirmed its plan to merge with Asda in a deal that will see Asda’s current owner, Walmart, taking a stake of 42% in the group
30/04/2018
The Financial Guidance and Claims Bill is expected to pass through the House of Lords next week, Minister for Pensions and Financial Inclusion Guy Opperman has confirmed
27/04/2018
Pensions Minister Guy Opperman has called for the support of the pensions industry to implement quicker defined contribution transfer periods
27/04/2018
The Personal Finance Society (PFS) has launched a new good practice guide to explain how financial advisers might assimilate value-based investing into their client recommendations where appropriate
27/04/2018
Following on from the published ISA statistics from HMRC, Fidelity International investment director Maike Currie has said that “returns on cash remain at paltry lows”
27/04/2018
Post Office Money has recently launched a product for first-time buyers which does not require them to have a deposit to buy a property
27/04/2018
The bridging loan product has continued to grow in popularity since 2011, when the market was valued at £750m in the UK. Today, however, it is roughly estimated to be at £5bn, according to the Association of Short Term Lenders, representing a huge increase in the demand for short-term lending as many homeowners, first-time buyers and buy-to-let landlords take advantage of low interest rates
27/04/2018
We could be years off of “nudging” pension savers towards making more informed financial decisions at retirement, according to Just Group director Stephen Lowe, as government has failed to legislate for default pension guidance
26/04/2018
Approximately 85% of advisers feel that the number of SIPP operators in the market will “continue” to contract, according to a survey conducted by Dentons Pension Management
26/04/2018
Gross mortgage lending in March is estimated to have been £20.5bn, 2.3% lower than the figure reported in March 2017, according to UK Finance’s update on lending for March 2018
26/04/2018
A TSB customer, Matthew Neal, was given access to someone else’s £35,000 savings account, £11,000 ISA and a business account when he logged into his online banking
25/04/2018
StepChange Debt Charity has identified that there is an urgent need to support the 300,000 households highlighted by the government as in debt to illegal money lenders, commonly known as ‘loan sharks’
25/04/2018
More than 80,000 people have had their mortgage help stopped according to the first official figures released since changes were made to the Support for Mortgage Interest (SMI) scheme
25/04/2018
After more than 15 years of borrowing to meet the costs of day-to-day services, such as health and pensions, the government has balanced the books
25/04/2018
A total of 67 per cent, two thirds of pension professionals, have stated that the Department for Work and Pensions’ defined benefit white paper will leave members of DB pension schemes better protected in the future
25/04/2018
The £500 tax-free employer-arranged pensions advice amount should be doubled to £1000, Aegon has argued
25/04/2018
Banks have been accused of giving savers a “raw deal” after analysis found that nine out of ten did not pass on last year’s interest rate rise in full
25/04/2018
The FCA is urging the public to be aware of the growing threat of loan fee scams targeting borrowers, as last year over £3.5m was lost to loan fee fraud while reports to the FCA consumer helpline increased by 44%
24/04/2018
Following Vida’s successful entry into the first charge mortgage market, with 8,000 intermediaries now registered to do business and over £400m in mortgage completions in its first year of trading, the lender has moved its HQ to larger premises in Staines-upon-Thames
24/04/2018
The UK’s top share index rose yesterday as a rise in bond yields lifted financials and an appetite for risk returned
24/04/2018
Two men have been jailed for their involvement in an “elaborate pensions scam” stealing almost £1m from their victims
23/04/2018
A growing number of young people are being lured in illegal works as “money mules”, as Cifas revealed that there was a 27% increase in the number of 14-24 year olds being used during 2017
23/04/2018
Men in the UK are currently receiving £29,000 more than women, over the course of a 20-year retirement, Which? has highlighted
23/04/2018
The government has “no plans” to review its decision regarding the secondary annuity market, HM Treasury economic secretary John Glen has said
23/04/2018
Capita’s profit was eradicated by £850.7m worth of one-off costs, primarily from writing down the value of acquisitions made under its previous management
23/04/2018
Choice in the credit card market is being squeezed as providers take a more cautious attitude to lending, following warnings over excessive consumer spending.
23/04/2018
MoneySavingExpert founder Martin Lewis has said that at least 50 fake ads bearing his name have appeared on the social media platform, causing him reputational damage
23/04/2018
An interest rate rise is “likely’ to occur this year, according to BoE governor Mark Carney, but any increases will be gradual
23/04/2018
Scottish Widows has launched ‘drip-feed drawdown’, a phased retirement income capability, which is available through its retirement account
20/04/2018
Collective defined contribution (CDC) pension schemes are either 10 years too early or 10 years too late, Aon Hewitt senior partner Kevin Wesbroom has said
20/04/2018
HM Revenue and Customs could assist the self-employed with pension savings through the tax return system, Royal London director of policy Steve Webb has said
20/04/2018
Tax chiefs have been criticised for refusing to raid the offices of a firm suspected of laundering huge sums of money seemingly because they donated money to the Conservatives
19/04/2018
During the second half of 2017, a total of 3.76 million complaints made to financial services firms were received, an increase of 427,032 on the first half of the year, new data from the FCA has revealed
19/04/2018
There is a significant number of advisers are now outsourcing investment management, with multi-asset funds and model portfolios built using external expertise now accounting for over 55% of assets, according to research in Aegon’s latest Adviser Attitudes Report
19/04/2018
Defined benefit transfers could cost companies £25bn due to members transferring out in order to access pension freedoms, according to Xafinity Punter Southall
18/04/2018
A single flat-rate of tax relief could help boost self-employed pensions and see 75 per cent of pension savers better off, the Royal Society of Arts (RSA) has said
18/04/2018
UK consumer price inflation fell in March to 2.5%, the lowest rate seen in 12 months, according to the Office for National Statistics
18/04/2018
Homeowners aged 55+ released £870m from the value of their homes between January and March 2018; an increase of 120% from the £394m seen in Q1 2016, according to the latest quarterly lending figures from the Equity Release Council (the council)
18/04/2018
Pension experts have criticised HMRC for failing to remove a flawed tax relief calculator, despite being aware that it was providing consumers with incorrect advice
18/04/2018
There are many options for millennials when it comes to getting on the property ladder, claiming that “an outdated view of mortgages and the property ladder persists amongst some audiences", Leeds Building Society has said
18/04/2018
It is "not the right time" to implement a pot follows member system into UK pensions, Pensions Minister Guy Opperman has said
17/04/2018
The pound has continued its recent strong run against the dollar, pushing firmly above $1.43 for the seventh consecutive session, resulting in the UK having the best performing currency this year among the G10 group of rich nations
17/04/2018
Total homeowner house purchases, including first-time buyers and home movers, reached 50,000 in February, the highest levels recorded in February since 2007, according to UK Finance’s latest mortgage trends update
17/04/2018
Invoice finance and asset-based lending stood at £23.4bn at the end of 2017, a 5% increase on the funds advanced at the end of 2016, according to figures published by UK Finance
17/04/2018
Over half of live easy access accounts pay less than the base rate at its current level of 0.50% - which means that anyone with one of these accounts cannot even keep up with the base rate, let alone CPI inflation, according to Savings Champion
17/04/2018
For the first two months of 2018, consumer spending saw the strongest reduction for the opening of a year since 2012, a trend that is looking likely to continue going forward, according to Visa’s UK Consumer Spending Index
16/04/2018
Only three of the top 17 master trusts offer pension tax relief to their lowest paid members, Hymans Robertson has revealed
16/04/2018
Robo advice for pension members would work better in data rich “big scheme environments”, but has yet to see good solutions in the at-retirement space, Aon has said
16/04/2018
The UK’s bridging sector ended in a strong position in 2017 with a particularly powerful performance in Q4, yielding a new high of £5bn, according to West One’s Bridging Index
16/04/2018
Increasing numbers of people are missing out on inheritance tax relief as a result of executing wills without legal advice
16/04/2018
Britons have been handed their first pay rise since the beginning of 2017 as a year-long squeeze on real incomes, stemming economic growth, comes to an end, data this week is expected to reveal
16/04/2018
A 'trap' in the tax system means HMRC is wrongly overcharging people thousands of pounds for drawing cash from their pensions, experts have warned
16/04/2018
Halifax research has revealed that today, 16 April, homeowners have earned on average a sufficient amount to cover their mortgage payments for the rest of 2018, based on the average annual mortgage repayment cost of £8,039 and an average annual income of £27,724
16/04/2018
Millions of pounds from dormant bank accounts are being invested in a pioneering fund aimed at lending to socially or environmentally friendly projects with no access to public markets
16/04/2018
Just one in seven (14%) of advisers feel that FAMR’s key measures are helping to close the advice gap, despite 33% agreeing that FAMR’s key measures are beneficial, according to research conducted by Aegon
13/04/2018
Legal & General has announced the launch of its new mortgage product, the Optional Payment Lifetime Mortgage (OPLM), designed to help the growing number of borrowers in retirement who are “trapped” between the traditional lifetime mortgage and residential mortgage markets
13/04/2018
A senior Bank of England (BoE) official yesterday said it should resist pressure to combine its financial and monetary policy committees due to fears of it diminishing the importance of difficult-to-measure stability concerns
13/04/2018
A senior city figure has warned that the UK risks being stuck with a “token minimalist” deal on financial services as part of the post-Brexit agreement with the EU in October
13/04/2018
The number of UK professionals fined for money laundering fell by 20 per cent last year after seeing record high figures in 2015/16
12/04/2018
Pension transfer values increased in March, mainly due to a drop in gilt yields over the month, Xafinity Punter Southall has reported
12/04/2018
Regulation since the financial crisis has imposed an annual cost of £26bn ($37bn) on the world’s largest investment banks’ capital markets activities, a recent study has found
12/04/2018
London’s housing crisis has continued as buyer demand falls for the 11th consecutive month, according to a new UK residential survey by the Royal Institution for Chartered Surveyors (Rics)
12/04/2018
J.P. Morgan Chase has been hit with a lawsuit in Manhattan federal court accusing it of charging unexpected fees when it stopped allowing customers buy cryptocurrency with credit cards in late January, and began treating the purchases as cash advances
12/04/2018
Last year, HMRC collected a record-breaking £4.9bn from IHT, and research from TIME Investments revealed that 36% of consumers aged 55 and over that seek financial advice from an IFA have not considered IHT planning, despite IHT taking 40% of a total qualifying estate
11/04/2018
Demand for Selectapension’s defined benefit transfer value analysis (TVAS) tool has outstripped demand for its money purchase tool for the first time, according to the investment software firm
11/04/2018
New Universal Credit claimants already in receipt of Housing Benefit will receive an additional two weeks’ support with their rent when their claim, ends to support them during the transition onto Universal Credit
11/04/2018
Women in drawdown face a 37% shortfall in their annual retirement income compared to men, resulting in them being over £47,000 worse off, according to report, Drawdown: Is it working for consumers?, from Zurich UK
11/04/2018
The Bank of England must explain the financial impact of monetary policy on society to aid the British public understand its decisions , chief economist Andy Haldane has said
11/04/2018
Former City trader Philippe Moryoussef facing charges that he helped to rig bank borrowing rates will be tried in absentia after he failed to attend court, arguing that he did not think he would get a fair trial
11/04/2018
The majority of defined benefit pension schemes have seen between 20-30 per cent of their non-pensioner members aged over 55 transfer out to access greater flexibilities, Willis Towers Watson has reported
10/04/2018
The PPF has recently released its monthly funding update, illustrating that the aggregate deficit of the 5,588 schemes in the PPF 7800 Index is estimated to have increased over the course of the month to £115.6bn at the end of March 2018
10/04/2018
Connect for Intermediaries has announced that it is going to provide all of its network members with a Financial Intermediary and Broker Association (FIBA) membership, as one of their benefits for being a Connect for Intermediaries representative
10/04/2018
HMRC is currently in the process of investigating 129 footballers over £250m worth of investments in a tax avoidance scheme, according to The Mirror
10/04/2018
The UK’s financial system is “under almost constant cyber-attack” according to a senior Bank of England official, with the regulator planning to introduce new standards for financial firms’ cyber security
10/04/2018
Greater London was the largest contributor towards stamp duty tax takes, at around 39%, with over £600m coming from two boroughs; Kensington and Chelsea and the City of Westminster
09/04/2018
After a “vibrant” 2017 for the bulk annuity market, expectations for 2018 are high with transactions potentially reaching £30bn, according to Aon
09/04/2018
One of the “biggest barriers” to changing governance and investment policy for defined benefit pension plans is the lack of financial resources, BlackRock has found
09/04/2018
The Financial Conduct Authority has reiterated its warning to firms offering “unsuitable pensions advice”, saying it will “not hesitate to intervene”
09/04/2018
Roughly 70% of financial advisers are willing to advise on investment portfolios of £50,000 or less, according to NS&I’s latest Financial Advice Barometer
09/04/2018
Savers planning to make ad-hoc pension freedoms withdrawals in the new tax year could be overtaxed by £3,000 on a £10,000 payment, and have to either wait at least 12 months to get the money back or contact HMRC to ask them to return it
09/04/2018
This year is set to be “the year of the IPO” and while London remains an attractive global hub for IPOs, despite Brexit concerns and trade wars, with a number of flotations already in the pipeline, according to J.P. Morgan head of equity capital for Europe, the Middle East and Africa Achintya Mangla
09/04/2018
Nearly 20 banks have committed to launching new European Union hubs in Frankfurt since the Brexit vote, while rival cities are still competing for the 60 firms that are yet to decide
09/04/2018
deVere Group has expanded its deVere Germany brand even further by opening offices located near Marienplatz, in an operation that will be headed by Glen Crossfill
06/04/2018
Asset management campaigner Gina Miller has criticised the new rules imposed by the FCA that are designed to help reduce the costs for end investors and improve transparency
06/04/2018
The second charge sector reached £1.02bn in 2017, the highest levels seen since the financial crash and a 9% growth over 2016. The market also experienced seven consecutive months of increased annualised lending, according to Enterprise Finance’s Second Charge Report
06/04/2018
There remains “much food for thought” for sponsors, trustees and advisers of defined benefit pension schemes when setting funding plans, Pensions and Lifetime Savings Association head of governance and investment Joe Dabrowski has said
06/04/2018
The FTSE 350 pension deficit has fallen by £4bn to £72bn in the first quarter of 2018, figures by Mercer show
06/04/2018
Millions of workers are set to have their income tax slashed under government changes that come into effect today
06/04/2018
Latest figures illustrate that, of the 10,000 companies that submitted gender pay gap data, 78% of them pay men more on average than women, while 14% of firms pay women more, according to the BBC’s analysis of the reports
05/04/2018
The government should allow Nest to provide decumulation products in order to drive competition from other providers, the Work and Pensions Committee has said
05/04/2018
The Work and Pensions Committee has called for pension providers to offer default decumulation pathways for its members
05/04/2018
The Financial Conduct Authority has been told to conduct a review that compares the outcomes of automated advice to traditional face-to-face appointments
05/04/2018
Rental payments across the UK accounted for 52% of the average disposable income of £1,471 for those living outside of London, with the average monthly rental payment coming in at £761 outside of the capital
05/04/2018
Over the last ten years, investing a full ISA allowance at the start of the tax year could have left you with almost £20,000 more than if she/he had waited until the last-minute to invest
05/04/2018
Six pension and finance companies, involved in the operation of occupational pension schemes, have been placed into provisional liquidation by the High Court
04/04/2018
Fund manager Neil Woodford has continued to suffer in 2018 as his flagship fund shrunk to a near three-year low. Woodford’s equity income fund assets slumped to £6.6bn as at the end of March
04/04/2018
SimplyBiz has completed its £130m listing on the London Stock Exchange, raising £65m
04/04/2018
The official UK pension incomes, as published by HM Revenue and Customs show a “shocking disparity” between regions, Royal London has argued
04/04/2018
UK private sector defined benefit pension scheme deficits were “largely unchanged” in the 12 months to March 2018, JLT Employee Benefits has found
03/04/2018
More than half of brokers (52%) said that they have used specialist lenders more frequently since the PRA’s new guidelines for portfolio landlords came into effect in October, according to new research from Kent Reliance
03/04/2018
Investors that are remaining in cash long-term risk poor returns and a loss in purchasing power, compared to investing in the stock market, according to research conducted by Royal London
03/04/2018
HSBC is being investigated over a £134m 'tax evasion' scheme created by the bank, The Times has revealed
03/04/2018
Young people should receive a "minimum inheritance" package of £10,000 when they turn 25, a think-tank has said
03/04/2018
Vida Homeloans has widened its B2L Expat criteria for a limited number of distributors to accommodate existing UK property owners working in FATF member countries across the globe, whilst its ‘EEA only’ B2L Expat product continues to be available to the entire market
03/04/2018
The proportion of Britons paying the highest rates of tax is now at a record level and double that of 20 years ago
03/03/2018
more 2 life, the equity release lender, has announced that recent “product innovations” and “technological advancements” has led to record levels of growth in Q1 2018
29/03/2018
Gross mortgage lending is forecast to continue growing in 2018, the eighth consecutive year in a row, to reach its highest level since 2007, with falling inflation to support the growth despite the uncertainty surrounding Brexit, according to the Intermediary Mortgage Lenders Association’s (IMLA) forecast, The New Normal: Prospects For 2018
29/03/2018
UK financial services “increasingly” feel as though risks will outweigh opportunities as Brexit draws nearer, according to the recent snapshot member survey by ACCA
29/03/2018
The rising auto-enrolment contribution rates next week, and in April 2019, are not likely to prompt a “significant negative behavioural response”, Nest Insight has claimed
29/03/2018
Lloyds Banking Group is to pay almost £3m to its former chief executive and another director after it lost a legal battle to withhold payments relating to the purchase of HBOS
29/03/2018
The average British consumer will waste more than £30,000 in their lifetime as a result of having lost track of monthly direct debits, a new study has shown
29/03/2018
A “simple solution” of withdrawing only the natural yield from a drawdown product to live on, known as guided drawdown, has been proposed as a fix to the retire-as-you-go generation’s desire for flexibility combined with life-long income
28/03/2018
Oliver Wade looks at how a rising base rate could affect the UK mortgage market
28/03/2018
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