Latest News
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Over one third of people used full ISA allowance last year
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Foundation Home Loans secures new £1.25bn funding line
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Four in five brokers confident for the year ahead, PRIMIS reveals
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Titan Wealth acquires Loveday & Partners
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Essential savings required jumps by over £1k in two years
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Spring Finance extends bridging lending to Scotland
INVESTMENTS
There are 864 articles for the INVESTMENTS category
Foundation Home Loans has secured a new funding line worth £1.25bn as the specialist lender looks to continue its residential and buy-to-let (BTL) mortgage offerings.
The new syndicated, warehouse facility was supported by six lenders and will provide financing for the lender over the next five years
Posted: 15/04/2024
Titan Wealth has completed a deal to acquire financial planning firm, Loveday & Partners, after receiving approval from the Financial Conduct Authority (FCA)
Posted: 15/04/2024
Performance Finance has received a £15m facility from British Business Investments to provide funding support to smaller businesses looking to acquire business-critical assets
Posted: 12/04/2024
Karis Capital has acquired an unnamed regulated financial services business as part of a move to strengthen its existing mortgage offering
Posted: 12/04/2024
Almost one in five (19%) women have said that the end of the financial year encourages them to invest, Hargreaves Lansdown has found
Posted: 08/04/2024
Sharia-compliant bridge finance firm Offa has announced a £100m credit line from a fund managed by UAE-based Gulf Islamic Investments Group (GII)
Posted: 08/04/2024
Almost two in five (39%) 18-year-olds with a matured junior ISA (JISA) have put more money in than they took out within the first month of accessing the account, interactive investor has revealed
Posted: 03/04/2024
Specialist finance provider Time Finance has agreed a facility increase with the British Business Bank that will provide £29.4m of funding to smaller UK businesses
Posted: 03/04/2024
Investment in venture capital trusts (VCTs) has increased by 18.8% in March compared to the same period last year, analysis by Wealth Club has shown
Posted: 27/03/2024
Financial services group, Fintel, has announced new investments into mortgage tech provider, Mortgage Brain, and reg-tech provider, ifaDASH
Posted: 26/03/2024
Anti-money laundering (AML) software provider SmartSearch has signed an agreement to receive a significant equity investment from Triple Private Equity
Posted: 22/03/2024
Over half (51%) of UK adults have not written a will, nor are they in the process of writing one, Canada Life has found
Posted: 22/03/2024
Almost half (47%) of Gen Z Brits have said that they wouldn’t feel confident when it comes to opening a cash ISA, Shepherds Friendly has found
Posted: 21/03/2024
CapitalRise has expanded its funding capacity and secured an additional 50% increase to an existing institutional funding line
Posted: 21/03/2024
Over three quarters (78%) of UK adults are unaware of a shake-up of the ISA rules that are set to come in next month, Wesleyan Assurance Society has found
Posted: 20/03/2024
Three in five (61%) investors with £10,000 or more investable assets who have transferred their ISA, GIA, SIPP or pension to another provider have experienced an issue during the process, CMC Invest has revealed
Posted: 19/03/2024
Over two in five (46%) UK property investors have said they seek out news, analysis and opinion in specialist property and finance websites to inform their investment decisions, Market Financial Solutions (MFS) has found
Posted: 18/3/2024
The trustee of the Ockham Pension Scheme has completed a £110m buy-in with Just Group, securing the benefits of around 700 members in the scheme
Posted: 13/3/2024
GDP in the UK has seen a rise of 0.2% in January 2024, after a drop of 0.1% in December, the Office for National Statistics (ONS) has found
Posted: 13/3/2024
Long-term renting could risk “ruining” retirement resilience, according to analysis from Hargreaves Lansdown, which found that just under a fifth (18%) of renting households are on track for a moderate retirement, compared to 51% of homeowning households
Posted: 11/03/2024
NS&I is to launch British Savings Bonds, increasing the savings opportunities available to consumers to save for the longer-term, Chancellor Jeremy Hunt announced in today's Spring Budget
Posted: 06/03/2024
The Greenhous Group (2015) Retirement Benefits Scheme has completed a £19m full buy-in deal with Just Group
Posted: 4/3/2024
Wealth management firm MKC Wealth has announced the acquisition of financial planning firm Wealth for Women for an undisclosed sum
Posted: 26/02/2024
Seven in 10 landlords (69%) have increased the size of their property portfolio or have plans to do so, new research from OSB Group has suggested
Posted: 20/02/2024
Most financial advisers and wealth managers (85%) are planning to increase their use of AIM listed companies that quality for business relief (BR) to help people reduce their liabilities, new research from TIME Investments has indicated
Posted: 15/02/2024
The UK fell into recession in the final quarter of 2023, with GDP dropping by 0.3% between October and December, the Office for National Statistics (ONS) has stated
Posted: 15/02/2024
Virgin Money has announced that it will purchase the 50% stake held by abrdn in the respective firms’ joint venture, Virgin Money Investments, for £20m
Posted: 14/02/2024
Nucleus Financial Platforms has announced the acquisition of investment platform and wealth management software provider, Third Financial
Posted: 12/02/2024
Tesco Bank has launched a long-term strategic partnership with Barclays, valued at £700m
Posted: 09/02/2024
The Open Property Data Association (OPDA) has welcomed UK cloud-mortgage and savings software provider, finova, as an associate member
Posted: 08/02/2024
Fintech group Investment Evolution Credit (IEC), which specialises in online consumer loans, has announced the launch of a new £100m bond offering
Posted: 07/02/2024
LSL Property Services has completed the acquisition of TenetLime in a deal worth up to £12.9m
Posted: 05/02/2024
Legal & General’s suburban build-to-rent business and Miller Homes have launched a partnership to deliver 260 new homes in Northamptonshire
Posted: 02/02/2024
Rightmove has announced the acquisition of HomeViews for a cash consideration of £8m
Posted: 02/02/2024
Financial planning firm Progeny has announced the acquisition of chartered financial advice firm, Chartered Wealth Management
Posted: 31/01/2024
Investors are expecting to increase their allocations to real assets over the next 12 months, new research published by TIME Investments has indicated
Posted: 30/01/2024
Mortimer Street Capital has officially launched as a new specialist real estate advisory business, providing clients with bridging, development, commercial, mezzanine and equity finance
Posted: 29/01/2024
Craven Street Wealth has confirmed it is to acquire the financial planning business of Punter Southall
Posted: 26/01/2024
The Government has taken an equity stake in real estate investment platform, Shojin, through the conversion of a pandemic-era loan facilitated by the Future Fund scheme
Posted: 23/01/2024
Swedish group Söderberg & Partners has bought another significant minority stake in a UK financial services group, as part of a move to increase its footprint in the UK advice space
Posted: 19/01/2024
Inflation in the UK has risen for the first time in 10 months to 4% in December, the Office for National Statistics (ONS) has revealed
Posted: 17/01/2024
Property finance provider, CapitalRise, has announced a new £250m bank funding line, the fifth and largest secured by the firm to date
Posted: 15/01/2024
Legal & General Home Finance has launched a new application programming interface (API) link with software provider, Iress, allowing advisers to manage lifetime mortgage applications through its adviser portal
Posted: 12/01/2024
Belmont Green has issued its first securitisation deal of 2024 and raised £300m to help drive the firm’s mortgage lending growth across the specialist residential and buy-to-let markets
Posted: 11/01/2024
Swedish firm Söderberg & Partners has taken minority stakes in two UK advice firms as it continues to expand into the UK financial services space
Posted: 09/01/2024
Over two-thirds (69%) of brokers have said they are either worried or unsure about their business in the year ahead, Crystal Specialist Finance has found
Posted: 08/01/2024
Investor confidence increased with the stock market in December, with funds being bought in ISAs, junior ISAs and lifetime ISAs, Hargreaves Lansdown has reported
Posted: 08/01/2024
Perspective Financial Group has announced that it made two more acquisitions shortly before the Christmas break to take the group’s total number of acquisitions to 22 in 2023
Posted: 05/01/2024
The UK economy shrank by -0.3% in October, following a growth of 0.2% in September, with the effect of UK interest rates squeezing consumers, the Office for National Statistics has revealed
Posted: 13/12/2023
Financial adviser, Throgmorton Capital Management, is set to expand by acquiring client books from Roger Baron IFA and Jean Pritchett, in deals backed by Shawbrook
Posted: 07/12/2023
Fintel, the parent company of SimplyBiz and Defaqto, has announced the acquisition of financial adviser planning and research software provider, Synaptic Software, in a £4m deal
Posted: 05/12/2023
Newable Ventures has been acquired by Maven Capital Partners for an undisclosed fee
Posted: 01/12/2023
LendInvest has completed its fifth and largest securitisation of £410m worth of UK prime buy-to-let (BTL) mortgage loans
Posted: 01/12/2023
Wealth-tech platform Prosper has opened its crowdfunding round to the public, in partnership with Crowdcube
Posted: 29/11/2023
Funding Circle has announced a new lending partnership with the UK’s first app-based bank, Atom bank, in what will provide up to £150m of funding to small businesses
Posted: 24/11/2023
Royal London has announced plans to acquire the later life lending and product specialist, Responsible Life and Responsible Lending (the Responsible Group), subject to regulatory approval
Posted: 24/11/2023
Paragon Bank’s structured lending division completed £55m of new finance facilities in October across two new-to-bank property-focused deals, the group has announced
Posted: 17/11/2023
Confidence among landlords improved over the course of the last quarter, new research has indicated, with many anticipating continued increases in rental yield, and a stronger performance from their own letting businesses
Posted: 15/11/2023
Over a third (38%) of retail investors in the UK have said they plan to diversify their investment strategy over the next 12 months as they look to manage their concerns over the health of the UK economy, Shojin has found
Posted: 15/11/2023
Fintel, the parent company of Defaqto and SimplyBiz, has confirmed the acquisitions of financial information and ratings provider, AKG, and adviser review site, VouchedFor
Posted: 14/11/2023
The Right Mortgage and Protection Network has added Wiltshire Friendly to its specialist group protection network
Posted: 14/11/2023
New wealth-tech platform, Prosper, has raised £3.2m following a round of angel funding
Posted: 08/11/2023
Aspen has completed a finish and exit bridge in a matter of weeks with a £6m loan at 75% LTV on an ultra-luxury Georgian Stucco house in Kensington, London
Posted: 02/11/2023
Paragon Banking Group has completed a new securitisation, which contain £899m of prime buy-to-let (BTL) mortgage assets
Posted: 02/11/2023
Contributor lending in bridging loans has increased by 15.3% in Q3, totalling £191m, increasing from £165.7m in the previous quarter, MT Finance has reported.
In its Bridging Trends publication, it has found that there was also a shift in the average monthly interest rate, jumping from 0.84% in Q2 to 0.94% in Q3
Posted: 01/11/2023
Specialist finance lender, MT Finance Group, has secured an additional £500m senior facility from J.P. Morgan
Posted: 31/10/2023
Cash savers in the UK are £37bn down on their cash pots, as inflation continues to take a hit to their savings, Janus Henderson Investment Trusts has found
Posted: 25/10/2023
Roma Finance has announced a new £120m lending facility with the Cambridge Building Society
Posted: 12/10/2023
Seven in 10 (70%) parents in the UK have never moved their children’s savings into an account paying a higher rate of interest, Scottish Friendly research has found
Posted: 11/10/2023
Pension SuperFund Capital (PSF) has reached an agreement to acquire pension services provider and Options Pensions parent company, STM Group, for £35.6m
Posted: 10/10/2023
Lyon Griffiths Financial has joined chartered financial planner, Wealth Experts, with the two firms focusing on enhancing their services to ensure clients meet their financial goals
Posted: 06/10/2023
TruFin has completed the disposal of its majority equity holding in Vertus Capital, a specialist lender to independent financial advisers (IFAs)
Posted: 05/10/2023
Responsible investments experienced a record outflow of £448m during August, new data has shown, following a period of weaker sales
Posted: 05/10/2023
Mortgage software provider Smoove has been acquired by Digcom UK Holdings, an indirect subsidiary of Australian property platform PEXA Group, in a deal worth £30.8m
Posted: 05/10/2023
Over half (57%) of UK investors are confident that the worst of the economic turbulence from the past 18 months has now passed, new research from Shojin has indicated
Posted: 04/10/2023
Perspective Financial Group has completed two further acquisitions for advice firms, taking the group’s total to 17 acquisitions so far in 2023
Posted: 03/10/2023
Redwood Bank has confirmed it is in talks to raise capital through a proposed reverse takeover
Posted: 03/10/2023
Less than two in five retail investors in the UK (39%) have faith in the Bank of England’s (BoE’s) decision making, new research by HYCM has revealed
Posted: 28/09/2023
Financial advisory firm, Foster Denovo, has agreed to acquire chartered financial planner, Wade Financial
Posted: 28/09/2023
Red Kite Lending, a start-up property bridging and development lender, has agreed a total £15m debt and equity package with Shawbrook Bank
Posted: 27/09/2023
Aviva has confirmed the acquisition of AIG Life UK from Corebridge Financial, a subsidiary of AIG, in a deal worth £460m
Posted: 25/09/2023
Financial planning firm Wren Sterling Group has acquired a majority stake in the Stockdale Group
Posted: 21/09/2023
Specialist wealth and asset management firm, Mattioli Woods, has confirmed that its subsidiary, Ludlow Wealth Management Group, has acquired Opus Wealth Management
Posted: 19/09/2023
Hundreds of thousands of young adults aged between 18 and 21 are being urged to claim their child trust fund (CTF), with an average of £2,000 waiting for them
Posted: 18/09/2023
Independent financial adviser (IFA) firm, Timothy James & Partners (TJP), has been acquired by a Sweden-based financial services group
Posted: 13/09/2023
Mortgage and specialist loan provider, Together Financial Services, has successfully priced a new £443m first charge only residential mortgage-backed securitisation (RMBS)
Posted: 08/09/2023
Nucleus Financial Platforms has confirmed that its acquisition of Curtis Banks Group has now received all necessary regulatory approvals
Posted: 07/09/2023
United Trust Bank (UTB) has completed a £21.9m refinance and capital raise secured by an investment portfolio, which enabled a borrower to complete further acquisitions
Posted: 06/09/2023
Finvest has become a virtually paperless business, after improving its processing time following a successful pilot of Nivo’s technology
Posted: 06/09/2023
Caledonia Investments has agreed the sale of its majority stake in wealth management business, Seven Investment Management (7IM), for £255m
Posted: 05/09/2023
Perspective Financial Group has acquired three new financial advisers to take the group’s total to 15 acquisitions so far in 2023
Posted: 05/09/2023
The number of UK residential transactions in July 2023 is estimated to stand at 86,510, 16% lower than July 2022, HM Revenue and Customs (HMRC) has found
Posted: 31/8/2023
UK households have an average of £8,267 sitting in current accounts when it could be more, Hargreaves Lansdown has revealed
Posted: 30/08/2023
Quilter Cheviot has announced that its managed portfolio service (MPS) is now available to financial advisers using the Morningstar Wealth Platform, Fundment and Titan platforms
Posted: 29/08/2023
The UK is still the most popular destination for international property investors to invest their funds, Legal & General (L&G) Ignite has found
Posted: 24/08/2023
British Business Investments has announced a new £20m tier two capital facility for Cambridge & Counties Bank
Posted: 24/08/2023
Cynergy Bank has secured a £20m tier two capital facility from British Business Investments
Posted: 22/08/2023
LSL Property Services has agreed a deal worth up to £12.9m to acquire Tenet Mortgage Network
Posted: 21/08/2023
The financial confidence of savers has improved in the second quarter of 2023, with 62% of savers stating that they were confident in their financial position, Paragon Bank has found
Posted: 17/08/2023
Just over a fifth (21%) of young investors aged 18-34 have said that they get stock tips and market forecasts from Instagram, Hargreaves Lansdown has found
Posted: 15/08/2023
Nationwide Building Society has agreed the transfer of its financial planning service to Aegon UK, following a strategic review
Posted: 14/08/2023
Almost two-fifths (39%) of later life advisers feel that more “in-depth” vulnerability training is needed to meet the requirements of today’s clients, more2life has found
Posted: 14/08/2023
Sainsbury’s Bank has agreed to sell its mortgage portfolio to The Co-operative Bank for a cash consideration of around £464m
Posted: 14/08/2023
Nearly half (46%) of financial advisers have reported that their clients are withdrawing funds to cover essential bills and address immediate income shortfalls, Standard Life has found
Posted: 09/08/2023
Freedom Finance has added personal loans from Reevo Money to its finance panel, allowing for these loans to be access through all of Freedom Finance’s partners and via its direct to consumer marketplace
Posted: 09/08/2023
Property platform, Homely, has received its first strategic pre-seed investment from UST, a digital transformation solutions company
Posted: 08/08/2023
National Savings & Investments (NS&I) has raised interest rates on its variable products, allowing for customers to see more money in their savings accounts
Posted: 08/08/2023
Investment platform, Shojin, has confirmed new partnerships with LINUS Digital Finance, a German real estate investment platform, and Reinvest24, an Estonian real estate crowdfunding platform
Posted: 07/08/2023
Financial planning provider, Progeny, has acquired the Nottingham-based wealth manager, Fiscal Engineers
Posted: 07/08/2023
Three in five (60%) of millennials and generation z are expecting to receive an inheritance from their parents or other family members, with just under one in five (19%) expecting to receive over £600,000
Posted: 03/08/2023
Nearly half (44%) of active equity funds outperformed a tracker in the first half of 2023, AJ Bell has found
Posted: 01/08/2023
George Square Financial Management has acquired independent financial adviser (IFA) firm, Taylor McGill, in the latest stage of the firm’s corporate expansion plans
Posted: 01/08/2023
Nugenis Financial Planning, which is part of Independent Wealth Planners (IWP), has awarded the British arm of the Bordier Group, Bordier UK, a circa £200m advisory mandate
Posted: 31/07/2023
Six in 10 (60%) brokers have stated that they believe that H1 2023 was about the same or worse than 2022, research by Crystal Specialist Finance has found
Posted: 27/07/2023
The Treasury Committee has criticised the venture capital industry and its failure to invest in firms outside of London and the South East in its latest report
Posted: 24/07/2023
Bridging and development non-bank lender, Kuflink, has jointly announced with European Risk Capital (ERC) that it is entering into a £35m institutional debt facility placed by ERC with Paragon Bank
Posted: 20/07/2023
Almost two-thirds (64%) of professional investors have said that macro investing has become more relevant in light of significant financial market turmoil in the past few years, Fulcrum Asset Management research has found
Posted: 20/07/2023
Downing Fund Managers, a division of Downing LLP, has become the latest client of investment platform, Third Financial
Posted: 19/07/2023
Inflation has fallen to 7.3% in June in the latest Consumer Price Index including owner occupiers’ housing costs (CPIH) figures, compared to 7.9% in May, the Office for National Statistics (ONS) has found
Posted: 19/07/2023
StructuredProductReview.com has released a new guide which provides an independent review of the sector’s evolution and performance, as structured product autocalls reach their 20-year anniversary
Posted: 17/07/2023
Ascot Lloyd has completed the acquisition of Swansea-based independent financial adviser (IFA), Portfolio Financial Consultancy, for an undisclosed sum
Posted: 10/07/2023
Investors in the UK have put £356m into funds in May 2023, the latest data from the Investment Association (IA) has found
Posted: 6/7/2023
The proposal to simplify the UK’s ISA regime by amalgamating cash ISAs and stocks and shares ISAs has been supported in a report by the Centre of Policy Studies (CPS).
Posted: 6/7/2023
Hearthstone Investments, a specialist fund manager in UK private rented housing, has launched a new fund to provide institutional investors with a further opportunity to invest in the UK private rented housing sector
Posted: 29/06/2023
Titan Wealth has announced that it has acquired investment research and consultancy firm Square Mile, subject to regulatory approval
Posted: 28/06/2023
Market Financial Solutions (MFS) has secured £400m of new funding from an institutional investor to fuel the growth of its lender’s loan book as demand for specialist finance ramps up.
Posted: 27/06/2023
Fintech firm and support services provider, Fintel, has announced it has made an investment into a new financial technology company, Plannr Technologies Limited
Posted: 21/06/2023
Single asset funds accounted for an estimated 35% of all fund recommendations last year, according to new data released by Defaqto
Posted: 20/06/2023
Last year saw an 11% decline in UK small business equity investment, according to the latest data by British Business Bank
Posted: 15/06/2023
Nearly half (48.5%) of brokers have stated that they are not confident that they fully understood the government’s new rules regarding Energy Performance Certificate (EPC) for rental properties, a survey by Mercantile Trust has found.
Posted: 14/06/2023
The Right DA Club has appointed Gary Harrison as its new national account manager, who has been brought in to help appoint new member firms and support existing members with a specific focus on the protection and compliance propositions.
Posted: 13/06/2023
Orbis Investments has announced that its global equity fund, Global Balanced Fund and Global Cautious Fund OEICs, will now be available through the Aegon platform
Posted: 08/06/2023
Adviser Services Holdings Limited (ASHL) has announced the acquisition of two wealth management firms via its national advice business, LYNC Wealth Management
Posted: 07/06/2023
Aviva and Reclaim Fund Ltd (RFL), the HM Treasury-owned and FCA-regulated operator of the Dormant Assets Scheme, have successfully completed the first transfer of dormant assets from the insurance and pensions sector to the scheme
Posted: 05/06/2023
Together Financial Services has announced that it has successfully increased its revolving Lakeside securitisation programme (LABS) from £700m to £825m
Posted: 05/06/2023
NatWest has completed the acquisition of a majority shareholding in pensions fintech firm, Cushon
Posted: 01/06/2023
Shawbrook has confirmed the acquisition of specialist lender Bluestone Mortgages in a cash and share deal
Posted: 01/06/2023
NatWest is a step closer to being returned to full private ownership after the Government sold an estimated £1.26bn in shares back to the bank
Posted: 23/05/2023
Canada Life has agreed to sell its individual onshore protection business to Countywide Assured, a subsidiary of Chesnara
Posted: 16/05/2023
LendInvest has announced that BNP Paribas has joined its £300m financing syndicate with HSBC and Barclays, to support the growth of its short-term mortgages
Posted: 11/05/2023
Aviva Investors, the asset management business of Aviva plc, has announced the launch of a new real estate asset fund, its first under its long-term asset fund (LTAF) regime
Posted: 02/05/2023
Digital mortgage platform, Tembo, has announced that it has secured £5m of new investment, after welcoming two new investors to its latest funding round
Posted: 27/04/2023
Wayhome has announced that it has closed a series A equity funding round of £8m
Posted: 27/04/2023
Holborn Financial, a Wimbledon-based independent financial adviser (IFA) firm, has acquired the business of a retiring IFA, Gary Cook, for an undisclosed sum
Posted: 21/04/2023
Specialist property development lender, CrowdProperty, has received a £15m commitment from British Business Investments
Posted: 18/04/2023
A significant improvement in annuity rates over the past 12 months has also had a positive impact on the cost of guarantees, new research from Canada Life has suggested
Posted: 17/04/2023
Broadstone has agreed to acquire UK-based actuarial and financial services consultancy, OAC PLC
Posted: 05/04/2023
Leeds-based advice firm, Andrews Gwynne LLP, has been acquired by Irwin Mitchell Asset Management in a move estimated to increase the firm’s assets under management to £1.2bn
Posted: 04/04/2023
Rathbones and Investec Group have announced they are to merge and create a new discretionary wealth manager with approximately £100bn of funds under management
Posted: 04/04/2023
Foster Denovo Group, the parent company of financial advisory business Foster Denovo Limited, has acquired more than £800m of assets under advice
Posted: 30/03/2023
Pepper Money has secured new new warehouse facilities, worth more than £1.2bn, to support its lending plans for first and second charge mortgages
Posted: 24/03/2023
Forty-five per cent of retail investors in the UK do not have a good understanding of the taxes they must pay on their investments, new research has found
Posted: 22/03/2023
The number of Lifetime ISA (LISA) penalties incurred by Hargreaves Lansdown (HL) customers surged by 17% in 2022 to 5,898
Posted: 13/03/2023
Market Financial Solutions (MFS) has secured £500m of new institutional funding which will allow the firm to expand its lending activity across both the buy-to-let (BTL) and bridging markets
Posted: 09/03/2023
Asset and wealth management firm, AssetCo, has reached an agreement to acquire the entire issued share capital of Ocean Dial Asset Management
Posted: 06/03/2023
NatWest has announced plans to acquire an 85% shareholding of workplace savings and pensions fintech, Cushon, with 15% to be retained by Cushon management
Posted: 13/02/2023
British Business Investments has provided a £25m funding facility to asset finance provider, Tower Leasing Limited
Posted: 09/02/2023
Three in 10 (31%) investors would sell their investments if they needed cash to cover unexpected costs, a new study from Alliance Trust has found, with one one in seven (14%) indicating they would do so at a loss
Posted: 08/02/2023
Rental yields and tenant demand are holding firm for landlords’ property investments, new research from Foundation Home Loans has indicated
Posted: 01/02/2023
LiveMore Capital has confirmed that it has secured a credit facility from Citi of up to £250m
Posted: 30/01/2023
LendInvest has announced a partnership with the British Business Bank in a move to help finance smaller property developers provide more homes across the UK
Posted: 24/01/2023
HFMC Wealth has announced the acquisition of R&S Financial Planning in a deal which further strengthens its London office
Posted: 18/01/2023
LSL Property Services has confirmed the sale of two brokerage firms to its private equity-backed venture, Pivotal Growth
Posted: 13/01/2023
UK equities could “fit the bill” for investors as 2023 is expected to favour dividend-yielding stocks, according to Evelyn Partners
Posted: 09/01/2023
Nucleus Group has confirmed the acquisition of Curtis Banks in a £242m deal
Posted: 09/01/2023
Thirty-nine per cent of UK retail share traders say they have made money buying and selling shares in the past year despite market volatility, research from GraniteShares has found
Posted: 06/01/2023
Only a quarter of UK retail investors have faith in the Conservative party’s economic policy, with the majority concerned about slowing economic growth, new research from HYCM has found
Posted: 16/12/2022
Allica Bank has announced a £100m Series C funding round led by technology investor, TCV
Posted: 05/12/2022
One third of UK retail investors (33%) are more inclined to look beyond traditional investment assets amid concerns over the government’s economic policy, a new study has indicated
Posted: 05/12/2022
Wealth and investment manager, Kingswood, has announced the acquisition of JFP Holdings
Posted: 01/12/2022
Lloyds Banking Group has completed the acquisition of Cavendish Online, in a deal worth £12m
Posted: 01/12/2022
Assets under management (AuM) at the world’s 500 largest asset managers reached a new record of over $131trn in 2021, research from the Thinking Ahead Institute has revealed
Posted: 14/11/2022
Larger portfolio landlords and property investors are the most likely group to experience growth and maximise buy-to-let (BTL) opportunities, research from Countrywide Surveying Services (CSS) has indicated
Posted: 26/10/2022
Spring Finance has confirmed that it has completed on a funding line with Hampshire Trust Bank (HTB)
Posted: 25/10/2022
Moneyhub has secured an initial £35m in funding from Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook
Posted: 24/10/2022
Eight out of 10 people (81%) say they will stop saving money this year due to the demands of the current cost of living, new research has shown
Posted: 06/10/2022
Royal Bank of Canada has completed the acquisition of Brewin Dolphin for £1.6bn
Posted: 27/09/2022
Fraud offences increased by 25% to 4.5 million offences compared with the year ending March 2020, driven by large increases in advance fee fraud and consumer and retail fraud
Posted: 26/09/2022
Aviva Investors has provided £105m of refinancing to a property fund secured against a portfolio of five regional distribution assets across the UK
Posted: 21/09/2022
Specialist lender Glenhawk has agreed a new £200m senior funding line with NatWest Markets
Posted: 15/09/2022
Around three in five (61%) retail investors in the UK believe that buy-to-let (BTL) investments have become less attractive in recent years, new research from Shojin has suggested
Posted: 13/09/2022
Zephyr Homeloans has announced that it has funded a £13m portfolio landlord refinance in one of the largest deals to date for the company
Posted: 13/09/2022
Alternative Bridging Corporation has confirmed that it has secured a new dedicated residential development funding line from its bankers
Posted: 08/09/2022
Half of UK investors have either made alternative investments this year or are considering doing so before the end of 2023 as they seek options to beat inflation, new research from Shojin has indicated
Posted: 16/08/2022
Independent Wealth Planners (IWP) has announced the acquisition of Cambridgeshire-based firm, Holistic Financial Leadership (HFL)
Posted: 15/08/2022
Market Financial Solutions (MFS) has secured £125m of institutional funding in response to demand for both its bridging products and buy-to-let (BTL) mortgages
Posted: 15/08/2022
Allica Bank has announced that it has successfully migrated the acquired customers from AIB’s GB SME lending portfolio onto its systems
Posted: 09/08/2022
Evolution Money has announced the successful completion of the group’s inaugural private securitisation, with a facility of up to £290m
Posted: 05/08/2022
OSB Group has announced that it has closed the Canterbury Finance No.5 securitisation
Posted: 05/08/2022
Stronger rules to help tackle misleading adverts that encourage investment in high-risk products have been finalised by the FCA
Posted: 01/08/2022
Gatehouse Bank has received an investment grade rating from Moody’s Investor Service
Posted: 27/07/2022
Nationwide has invested in a rent-to-own start-up as part of a move to help first-time buyers who are unable to access typical mortgages get onto the property ladder
Posted: 26/07/2022
Annual rental yields in England and Wales have fallen to 5.5% from 6.1% a year ago, according to new data published by Fleet Mortgages
Posted: 14/07/2022
Market Financial Solutions (MFS) has secured £250m in new funding from an institutional investor
Posted: 21/06/2022
Lloyds Banking Group has announced it is to acquire UK protection firm, Cavendish Online
Posted: 16/06/2022
LISA withdrawal charges amounted to over £33m in the 2021/22 tax year, according to new data from HMRC
Posted: 08/06/2022
More than two in five (43%) financial advisers are now saying they consider sustainable investments when building retirement portfolios, new research published by Aegon has found
Posted: 26/05/2022
UK investors are increasingly turning to advisers for guidance and support when it comes to environment, social and governance (ESG) investing, research published by M&G Wealth has indicated
Posted: 24/05/2022
Recognise Bank is to benefit from £8.7m in new capital following a new successful round of funding announced by the bank’s parent company, the City of London Group (CoLG)
Posted: 17/05/2022
Tuscan Capital has announced it has secured new funding for buy-to-let (BTL) portfolio landlords looking to secure short-term funding
Posted: 03/05/2022
AI start-up firm Propflo has announced that it has successfully closed its pre-seed funding round of £180,000 from investors to grow its property transparency platform
Posted: 29/04/2022
Mortgage Advice Bureau (MAB) has announced it is to acquire a majority stake in the Fluent Money Group for a total cash payment of around £73m
Posted: 29/03/2022
Nearly three quarters of UK consumers (73%) falsely believe a credit blacklist exists, and over 1 in 4 (27%) people incorrectly think credit reference agencies decide whether people are accepted for credit cards, new research from Experian has shown
Posted: 24/03/2022
Market Financial Solutions (MFS) has announced that it has secured £300m of new funding
Posted: 21/03/2022
Enra Specialist Finance has announced that Elliott Advisors is to acquire a majority stake in the firm
Posted: 17/03/2022
New investors are expecting greater sustainability expertise from fund managers, a study from Triodos Bank has indicated
Posted: 15/03/2022
Cairngorm Capital has confirmed that its portfolio company, Verso Wealth Management, has acquired CDC Wealth Management
Posted: 15/03/2022
Specialist mortgage network, Connect IFA Ltd, has announced that Mortgage & Surveying Services (MSS) Group has acquired a significant stake in the business
Posted: 14/03/2022
Specialist mortgage and credit managing general agent (MGA), Qualis Credit Risk, has announced its first high FTV home purchase plan completions with challenger bank, Gatehouse Bank
Posted: 08/03/2022
Cornerstone Capital has completed a £500,000 bridging deal, the largest deal that the lender has ever secured
Posted: 21/02/2022
Atom Bank has raised more than £75m in new equity priced at 70p per share as the app-based bank continues to grow its profitability
Posted: 17/02/2022
Market Financial Solutions (MFS) has completed its first deal in collaboration with Knight Frank Finance
Posted: 16/02/2022
Pepper Money has completed its largest residential mortgage-backed securitisation (RMBS) to date, backed by £450m of mortgage loans
Posted: 14/02/2022
Brightstar Group has announced that its leadership team has regained a controlling stake in the business after completing the acquisition of the remaining private equity-owned shares
Posted: 10/02/2022
LV= has confirmed that its discussions with Royal London over a potential merger have ceased
Posted: 09/02/2022
Property finance lender, TAB, has secured a new £120m funding line from American investment firm, Atalaya Capital Management
Posted: 08/02/2022
UK savers invested £43.4bn in retail funds in 2021, data published by the Investment Association (IA) has revealed
Posted: 03/02/2022
The UK’s buy-to-let (BTL) sector has grown in value by around £239bn over the last five years, according to research from Octane Capital
Posted: 02/02/2022
Enra Specialist Finance has completed its second public securitisation, backed by a portfolio of buy-to-let (BTL) and prime second charge mortgages
Posted: 27/01/2022
British Business Investments has announced a £15m commitment to property finance lender, Roma Finance
Posted: 25/01/2022
Belmont Green, trading as Vida Homeloans, has issued its first European Residential Mortgage-Backed Security (RMBS) transaction of the year
Posted: 25/01/2022
Just Group has completed a £345m full scheme buy-in with the trustee of a scheme sponsored by a global distribution company
Posted: 21/01/2022
Specialist short-term lender, Fiduciam, has secured £400m of new funding to be deployed in 2022
Posted: 18/01/2022
Sirius Property Finance has partnered with Miragon Investments to complete a development loan with a gross development value (GDV) of £26m
Posted: 10/01/2022
One in seven (15%) landlords have no knowledge of the upcoming legislative changes to the Energy Performance Certificate (EPC), according to new research from Shawbrook Bank
Posted: 10/01/2022
Recognise Bank has announced the completion of a £2.3m bridging loan deal on an eco-housing development in Cambridgeshire
Posted: 04/01/2022
Independent Wealth Planners (IWP) has announced the acquisition of Throgmorton Wealth Management
Posted: 16/12/2021
The founder and former CEO of mortgage broker Dynamo, Ying Tan, has today acquired a significant stake in Knowledge Bank
Posted: 01/12/2021
Utmost Group has completed its acquisition of Quilter International which will become a part of Utmost International, the international life assurance business of the group
Posted: 30/11/2021
British Business Investments (BBI) has announced a £7m commitment to FOLK2FOLK, a specialist lender for rural and regional smaller businesses
Posted: 29/11/2021
Allica Bank has announced the signing of a new £110m Series B funding round
Posted: 26/11/2021
Recognise Bank has announced the completion of a £5m professional buy-to-let (PBTL) refinance deal on a large portfolio of properties
Posted: 22/11/2021
More than two in five (43%) independent financial advisers (IFAs) in the UK believe that the biggest barrier to recommending ESG investment options is their clients’ lack of familiarity with the concept, a new study by Foresight Group has found
Posted: 22/11/2021
Pepper Money has closed its largest second charge securitisation to date, the lender has confirmed
Posted: 18/11/2021
Kensington Mortgages has announced it has successfully priced a £452m of mortgage-backed securities transaction, Finsbury Square 2021-2, in the wholesale financial markets
Posted: 15/11/2021
Independent Wealth Planners (IWP) has announced the acquisitions of financial advisers Alex M Grant and Custodian Wealth Management
Posted: 12/11/2021
The rise in popularity for cryptocurrencies may have affected young people’s perceptions of investment risk, with many expecting higher investment returns than older generations, a new study has found
Posted: 10/11/2021
Almost one in five (17%) landlords have made efforts to improve the energy efficiency of their property in the last year, a new study by Shawbrook Bank has revealed
Posted: 08/11/2021
Around two in three landlords (64%) have reported little impact on their business in Q3 as a result of COVID-19, according to new findings from Foundation Home Loans
Posted: 05/11/2021
Aspen Bridging has completed a £2.73m bridge on its ‘No Valuation’ product for an applicant wanting to redeem a development loan and refurbish additional properties
Posted: 01/11/2021
The government’s £1.8bn investment to deliver 160,000 new homes on 15 hectares of currently dormant land has been labelled “insignificant” by Sirius Property Finance
Posted: 01/11/2021
Paragon Bank has launched its Triple Access ISA account, which is paying a rate of 0.65% AER variable
Posted: 29/10/2021
The UK’s economic recovery is expected to be quicker than originally forecast, with the OBR predicting it will return to pre-COVID-19 levels at the turn of the year
Posted: 27/10/2021
The Financial Conduct Authority (FCA) has finalised the rules for its Long-term Asset Fund (LTAF) framework in an effort to encourage greater investment in long-term illiquid assets and generate better returns for pension savers
Posted: 26/10/2021
An estimated eight million Brits have significant outstanding balances with buy-now, pay-later companies, as consumers continue to be drawn in by unregulated, interest-free borrowing, new research by Credit Karma has revealed
Posted: 26/10/2021
UK savers have poured cash into rainy day accounts with nearly half (48%) sitting on enough money to support themselves for at least six months, and 29% having saved enough to last more than a year, research from Investec has revealed
Posted: 25/10/2021
Independent Wealth Planners (IWP) has announced the acquisition of financial planning firm, Acuity Wealth Management (AWM)
Posted: 18/10/2021
Over 80% of independent financial advisers (IFAs) have a positive view about the importance of ESG in portfolio construction, according to a new study by Foresight Group LLP
Posted: 12/10/2021
More than two in five (42%) financial advisers would say younger family members have influenced their clients towards sustainable investing, new research from Prudential has found
Posted: 08/10/2021
Just Group has completed a buy-out deal with the Miracle Garden Care Pension Scheme
Posted: 07/10/2021
Scepticism surrounding greenwashing and the validity of ESG and ethical investments is on the rise among UK consumers, according to a new study by Triodos Bank UK
Posted: 06/10/2021
Forty-four per cent of UK investors are currently planning to expand their property portfolio in the coming year, a new study has found
Posted: 05/10/2021
One in three UK investors (33%) has seen the value of their portfolio fall during the pandemic, a study by Butterfield has found
Posted: 05/10/2021
Just Group has completed a buy-in transaction for the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan
Posted: 21/09/2021
Phoenix Group has purchased a portfolio of equity release mortgages from Just Retirement Limited in a deal worth £300m
Posted: 02/09/2021
Specialist property lender, Castle Trust Bank, has agreed a £13.2m development loan with Laner Ltd for a commercial and residential development in Dagenham
Posted: 01/09/2021
Independent Wealth Planners (IWP) has announced the acquisition of Encompass Financial Management
Posted: 01/09/2021
More than two thirds (69%) of wealth managers have added new asset classes for their clients within the last three years, while 52% have stated they will do in the next two years, according to a new study from bfinance
Posted: 31/08/2021
Paragon Bank is targeting a top-of-the-market position with its 1 Year Fixed Rate ISA after increasing the rate to 0.80%
Posted: 27/08/2021
Gatehouse Bank has extended its range of Green Saver accounts, with the introduction of an 18 month and a 4-year fixed term account
Posted: 27/08/2021
People leaving the workforce between age 50 and state pension age could wipe £88bn from the economy, the ONS has warned
Posted: 25/08/2021
Recognise Bank has completed a new £14m capital raise which includes fresh investment from one of its existing shareholders
Posted: 23/08/2021
Enra Specialist Finance has signed a new facility with J.P. Morgan to fund its bridging portfolio
Posted: 12/08/2021
Three-quarters of financial advisers have been asked by their clients about them investing in cryptocurrency, an AJ Bell study has found
Posted: 10/08/2021
AJ Bell Investcentre has added Tatton to its panel of third-party Discretionary Fund Managers (DFMs) in response to significant demand from financial advisers
Posted: 09/08/2021
Investors ploughed £24bn into funds in the first half of 2021, according to latest Investment Association data
Posted: 06/08/2021
Specialist short-term lender, Hope Capital, has secured a £2.25m bridging loan for a client who owned a residential terraced property in London
Posted: 27/07/2021
Just one in five landlords (19%) are planning to to offload their buy-to-let (BTL) portfolio in the next five years, new research by Sequre Property Investment has revealed
Posted: 26/07/2021
Fleet Mortgages has been acquired by Starling Bank in a £50m cash and share deal
Posted: 26/07/2021
Market Financial Solutions (MFS) has completed a large bridging loan which enabled a client to complete a complex shopping centre purchase
Posted: 23/07/2021
UK investors are still showing a bias to UK stocks despite persistent long-term underperformance, new research from Quilter Investors has revealed
Posted: 21/07/2021
Over half of financial advisers (52%) would consider ESG criteria only at the client’s request when building retirement portfolios, according to research from Aegon and Next Wealth
Posted: 19/07/2021
Foundation Home Loans has been acquired by an affiliate of Apollo Global Management, Inc., Athene Holding Ltd
Posted: 16/07/2021
United Trust Bank (UTB) has funded a £10.29m development by Ashcourt Group
Posted: 12/07/2021
Financial advisers are reporting a rise in interest from clients in bonds that focus on environmental, social and governance (ESG) factors, according to new research published by Aviva Investors
Posted: 08/07/2021
Financial services technology specialist, Altus, has been acquired by Canadian software company, Equisoft, for an undisclosed sum
Posted: 05/07/2021
Black & White Bridging has suggested that the bridging finance market should stop “peddling the idea” that bridging is all about speed
Posted: 01/07/2021
Almost half (46%) of UK families say they are considering ESG investments as part of their discussions with their financial advisers, findings from Prudential UK have revealed
Posted: 24/06/2021
More than four in 10 (41%) of financial advisers have reported an increase in queries about ESG investments, Aegon’s latest Adviser attitudes report has revealed
Posted: 22/06/2021
Independent Wealth Planners (IWP) has announced the acquisition of Omnium Capital Limited
Posted: 18/06/2021
Market Financial Solutions (MFS) has announced that an institutional funder has committed £50m of funding to support its recently launched 753 (75-cubed) initiative
Posted: 17/06/2021
COVID-19 has prompted a desire to move into ethical and sustainable investing for more than half (51%) of advised UK adults, research from Prudential UK has found
Posted: 02/06/2021
United Trust Bank (UTB) has secured an ENABLE Build guarantee via the British Business Bank
Posted: 19/05/2021
Thirty-four per cent of landlords have recently purchased another buy-to-let (BTL) property or intend to buy one within the next nine months, new research has revealed
Posted: 17/05/2021
The Treasury has announced the £1.1bn sale of part of the government’s shareholding in NatWest Group
Posted: 11/05/2021
Sixty-five per cent of investors would prioritise responsible investing over a desire to “simply maximise” their financial return, according to new findings from Close Brothers Asset Management
Posted: 10/05/2021
Redwood Bank has announced it has successfully completed a loan to assist the complex acquisition of 91 properties
Posted: 04/05/2021
Independent Wealth Planners (IWP) has confirmed the purchase of Professional Wealth Management (PWM)
Posted: 04/05/2021
Sixteen per cent of people in the UK took out products from building societies over the past 12 months, as a result of the COVID-19 pandemic and its impact on how people view their finances
Posted: 26/04/2021
Aspen Bridging has announced the completion of a deal for a complex mixed commercial in London using a desktop valuation
Posted: 19/04/2021
Shawbrook Bank has announced an undisclosed investment in private-equity backed Access Partnership
Posted: 14/04/2021
Less than half (47%) of people with investable assets of under £500,000 are confident about their finances, according to a Sanlam survey
Posted: 13/04/2021
Specialist short-term lender, Suros Capital, has provided finance to a client within six hours of an enquiry, enabling them to finalise a property renovation project
Posted: 09/04/2021
Sanlam UK has urged financial advisers to give investment bonds renewed attention
Posted: 06/04/2021
Independent Wealth Planners (IWP) has announced the acquisition of three independent financial planning firms
Posted: 01/04/2021
Consumers with money invested in digital assets are being warned to keep track of their cryptocurrency and non-fungible tokens, or risk losing them to the UK’s growing unclaimed funds pot when they die
Posted: 30/03/2021
Belmont Green Finance Limited, trading as Vida Homeloans, has announced its sixth residential mortgage-backed securities (RMBS) transaction, Tower Bridge Funding 2021-1
Posted: 30/03/2021
Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has today announced it has acquired the full share capital from its founding directors, Nathan Raffour and Andrew Gage
Posted: 30/03/2021
Investment trusts dished out an extra £87m in dividends during 2020 as they “beat the global dividend drought”, according to new research from Link Group
Posted: 29/03/2021
Market Financial Solutions (MFS) has arranged a £3m bridging loan to refinance a manor house in Kent
Posted: 29/03/2021
Meridian Mortgages has announced the acquisition of specialist shared ownership broker firm, Metro Finance
Posted: 24/03/2021
Historically low interest rates on cash savings accounts are sparking changes in attitudes towards investing, according to a study from NFU Mutual
Posted: 19/03/2021
Royal London has acquired a 30% stake in later life lending and product specialist, Responsible Life and Responsible Lending (Responsible Group)
Posted: 16/03/2021
Market Financial Solutions (MFS) has deployed a £2.9m commercial bridging loan in five days
Posted: 15/03/2021
Thirty per cent of investors will not invest in cryptocurrency because they feel they have “missed the boat”, according to new research prepared by think tank, Parliament Street
Posted: 11/03/2021
ESG investment is set to double in 2021 as investors plan to move funds to support companies with a positive ESG rating or impact, a new report has revealed
Posted: 09/03/2021
More than two-thirds of UK property investors believe the buy-to-let (BTL) market has lost its appeal, according to new research from FJP Investment
Posted: 08/03/2021
Property Master has called on the Chancellor to use next week’s Budget to offer more support to landlords who are struggling to meet the cost of the government’s new energy efficiency rules
Posted: 26/02/2021
Market Financial Solutions (MFS) has secured its second funding line in 2021 from a leading global hedge fund
Posted: 24/02/2021
Mortgage advisers are expecting no decrease in buy-to-let (BTL) purchase activity once the stamp duty holiday comes to an end, according to new research by Pepper Money
Posted: 23/02/2021
Investment trusts have outperformed funds in almost every major sector on an annualised basis over the last 10 and 20 years, findings from interactive investor have revealed
Posted: 22/02/2021
Cash savings continues to remain the most popular asset class among UK investors, new research commissioned by HYCM has found
Posted: 17/02/2021
Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has announced the sale of group firm, Pink Pig Loans, back to its management team
Posted: 16/02/2021
Sirius Property Finance has partnered with Miragon Investments to secure the completion on a £15m development facility
Posted: 12/02/2021
Enra Specialist Finance has signed a £250m mortgage forward flow agreement with J.P. Morgan
Posted: 11/02/2021
AJ Bell has warned of a “significant misunderstanding” of the risks around investing in cryptocurrencies
Posted: 09/02/2021
The number of new stocks and shares ISA policies opened in the fourth quarter of 2020 fell by 4% on Q3, according to Scottish Friendly’s latest Investor Index
Posted: 08/02/2021
The owners of small and medium-sized businesses have more than £1.2bn of personal liabilities linked to emergency coronavirus loans, according to reports
Posted: 04/02/2021
Advisers have “mixed views” on whether investment pathways will change demand for retirement advice, according to new research by Aegon
Posted: 01/02/2021
Sixty-four per cent of investors are concerned by the prospect of negative interest rates, a survey by HYCM has found
Posted: 01/02/2021
LSL Property Services has announced a new partnership and investment with Direct Life & Pension Services
Posted: 29/01/2021
Shawbrook Bank has announced the acquisition of specialist intermediary mortgage business The Mortgage Lender (TML) for an undisclosed fee
Posted: 28/01/2021
British Business Investments, a commercial subsidiary of the British Business Bank, has announced a £10m commitment to venture capitalist, Syndicate Room
Posted: 27/01/2021
Over 60% of prospective retirees support the introduction of the FCA’s Investment Pathways, a new study by Legal & General Investment Management (LGIM) has found
Posted: 27/01/2021
With changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT) likely this year, research by FounderCatalyst has suggested that investing in start-ups with HMRC’s Enterprise Investment Scheme (EIS) could be an “attractive asset class”
Posted: 25/01/2021
Market Financial Solutions (MFS) has secured a new £150m funding line
Posted: 21/01/2021
Eight years of growth was wiped off UK dividends in 2020, according to the latest UK Dividend Monitor from Link Group
Posted: 20/01/2021
Sixty-six per cent of investors between the ages of 18 and 34 began to invest for the first time last year as lockdown made their finances a top priority, according to research from Alliance Trust
Posted: 19/01/2021
OpenMoney has warned that the FCA’s investment pathways will add “another layer of confusion” for people planning their retirement
Posted: 14/01/2021
A new sustainably driven investment house, OnePlanetCapital, has launched a specialist sustainability EIS Fund to invest in businesses tackling climate change
Posted: 11/01/2021
Too many wealth advisers view risk profiling as an “unnecessary box-ticking exercise” which is leading to poor client outcomes, according to research by Oxford Risk
Posted: 11/01/2021
Savers currently have £1.5trn in cash stashed away in bank accounts in the UK, the biggest cash pile on record, according to findings from Janus Henderson Investors
Posted: 06/01/2021
Forty per cent of professional investors are expecting the cost of obtaining information and monitoring small and micro-caps to increase over the next three years, as they receive less attention from brokers and analysts
Posted: 05/01/2021
Investment in stocks and shares ISAs by older investors in the UK continues to rise sharply following a slow start to the year, but contributions from younger savers has fallen by 31% quarter-on-quarter as they pulled back from the market during Q3 2020, new research from Scottish Friendly’s Investor Index has revealed
Posted: 18/12/2020
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a £25m commitment to asset finance specialist, Haydock Finance
Posted: 11/12/2020
UK investors are prioritising security over returns as they plan their investment strategies for 2021, according to new research by Butterfield Mortgages Limited (BML)
Posted: 07/12/2020
Shawbrook Bank has announced it is providing funding support for Momentum Finance, a new bridging and development finance lender that launched during the coronavirus pandemic
Posted: 07/12/2020
Seventy-two per cent of independent financial advisers have left their clients’ asset allocations the same throughout the volatility caused by coronavirus
Posted: 07/12/2020
Landlords are feeling “abandoned” by the government during the COVID-19 pandemic, a study from The Mortgage Lender (TML) has revealed
Posted: 07/12/2020
A savings investment gap has opened up over the last decade, according to Charles Stanley Direct, with savers opting for cash savings but receiving an average 94% lower returns than investors
Posted: 07/12/2020
Avamore Capital has completed two exit bridges for the same borrower and broker within a month, with both deals at 70% LTV equating to around £1.2m
Posted: 04/12/2020
Rock-bottom interest rates mean the majority of cash accounts are losing value in real terms, according to analysis by Equiniti Group (EQ)
Posted: 04/12/2020
A total 493 companies listed on the London Stock Exchange have cancelled, cut, or suspended dividend payments between 1 January 2020 and 23 November, new analysis from GraniteShares has revealed
Posted: 02/12/2020
Crystal Specialist Finance (CSF) and Together have announced the completion of a developer’s purchase and redevelopment of a £700,000 commercial site in Birmingham in just four weeks
Posted: 02/12/2020
Aspen Bridging has announced the completion of a 10-day loan worth £750,000 at 75% LTV
Posted: 23/11/2020
The majority of UK investors are worried the government’s handling of COVID-19 and Brexit will have a negative impact on the economy, according to new research from FJP Investment
Posted: 18/11/2020
The highest rental turnover that UK landlords should invest in the buy-to-let (BTL) market is in the £901 to £1,200 rental price threshold, according to new analysis by Howsy
Posted: 13/11/2020
Kuflink has announced that its new investment levels have recovered to pre-pandemic levels as the platform approaches a new high of £95m
Posted: 11/11/2020
Thirty-two per cent of financial advisers and wealth managers have indicated that over half of their clients have seen a decline in incomes generated by their investments
Posted: 09/11/2020
Aspen Bridging has completed a four-day bridge to enable a property professional to exit an existing lender facility before incurring a 5% immediate default charge
Posted: 27/10/2020
United Trust Bank (UTB) has agreed to refinance a £34m development of 53 luxury apartments being undertaken by housebuilder, Acorn Property Group
Posted: 27/10/2020
United Trust Bank (UTB) has agreed to fund a £7.6m development of new houses near Milton Keynes
Posted: 21/10/2020
Aspen Bridging has announced the completion of a £2.3m bridge which covered an existing lender repayment and finish and exit on a luxury house, along with the all-in purchase of a high-end apartment
Posted: 20/10/2020
Financial advisers experienced greater contact with their clients following the COVID-19 lockdown, according to new research by Seneca Investment Managers
Posted: 20/10/2020
Aspen Bridging has backed a first-time buyer requiring maximum leverage to purchase an off-plan, new-build flat in London, saving their initial 10% deposit
Posted: 15/10/2020
GraniteShares has reported that 15.5% of people who own shares claim to have started buying and selling more since the coronavirus pandemic started
Posted: 14/10/2020
Thirty-nine per cent of investors are expecting commercial real estate assets to fall by between 5 to 10% in value in 2020, according to new research by Duff & Phelps
Posted: 14/10/2020
Rental yields on residential buy-to-let properties climbed to 6.4% across England during the third quarter, up 0.4% from the 6% achieved in the third quarter of 2019, according to the latest Fleet Mortgages Buy-to-Let Rental Barometer
Posted: 12/10/2020
Sixty-five per cent of landlords have suffered financially during the coronavirus pandemic, according to a new study from The Mortgage Lender (TML)
Posted: 07/10/2020
The SimplyBiz Group and Wealthify have announced a new partnership to provide a low fee digital investment option for advisers
Posted: 22/09/2020
HS Property Group (HSPG) has secured a £30m loan facility with Together to acquire a block of more than 40 flats that will re-home victims of domestic violence
Posted: 21/09/2020
Prime Minister Boris Johnson’s plans to rewrite parts of the Brexit withdrawal agreement could trigger a “significant exodus of wealth” from the UK, deVere Group CEO Nigel Green has warned
Posted: 11/09/2020
The UK economy grew by 6.6% in July, according to Office for National Statistics (ONS) figures, but still remains far below pre-pandemic levels
Posted: 11/09/2020
Seventy-nine per cent of brokers are seeing more clients who are unaware that they have poor credit files
Posted: 10/09/2020
The lockdown and fears over the severity of the COVID-19 recession have prompted households to save cash at a record pace, according to Janus Henderson Investment Trusts
Posted: 08/09/2020
A quarter of investors in the UK are planning to take advantage of the stamp duty holiday, according to new research from FJP Investment
Posted: 25/08/2020
Government proposals to reform the calculation of the Retail Price Index (RPI) could cost £122bn if plans go ahead to implement the changes in 2025
Posted: 21/08/2020
Investors in the Woodford Equity Income fund are to get their next tranche of money before the end of the month
Posted: 20/08/2020
Aspen Bridging has completed a £150,000 development exit bridging loan on a remote property in Wales, using only its desktop valuations system to overcome national lockdown restrictions
Posted: 11/08/2020
Almost £1.3bn of investment in new homes and other infrastructure projects has been confirmed by Housing Secretary, Robert Jenrick
Posted: 04/08/2020
Metro Bank has announced an agreement to acquire peer-to-peer lender, RateSetter, for an initial £2.5m
Posted: 03/08/2020
Aspen Bridging has provided a £1.9m bridging loan to a Chinese property professional, saving them their £325,000 deposit on a new build London penthouse after delays in their term finance application
Posted: 03/08/2020
Avamore Capital has completed a residential bridge worth £1.3m at an LTV of 43.9%, its sixth deal for the same borrower in 2020
Posted: 29/07/2020
Foundation Home Loans has announced the completion of its latest securitisation, Twin Bridges 2020-1 PLC, the fifth deal under the Twin Bridges platform which the lender established in 2017
Posted: 28/07/2020
The number of people in their 20s and early 30s choosing to invest in the stock market is “skyrocketing”, according to new analysis by Scottish Friendly
Posted: 16/07/2020
Older homeowners released £1.47bn worth of property wealth in the first half of 2020 but this was driven by a buoyant Q1 as the impact of the coronavirus and resulting political and economic uncertainty hit the market in Q2, Key’s Market Monitor has showed
Posted: 14/07/2020
A spike in investment scams during lockdown has led to around 300 victims losing £4m of their savings in recent months, the Investment Association (IA) has said
Posted: 14/07/2020
The average house price in the UK has almost trebled in the past 20 years, new research has revealed
Posted: 14/07/2020
The UK's economy grew just 1.8% in May, rebounding more slowly than expected from the previous month
Posted: 14/07/2020
Impact Specialist Finance and United Trust Bank (UTB) have completed a £450,000 regulated bridging loan for later life borrowers looking to downsize
Posted: 07/07/2020
Aspen Bridging has announced the completion of a £1.2m residential bridging loan for a British Virgin Islands (BVI) company which had commenced with a debt restructuring programme just before the coronavirus pandemic
Posted: 02/07/2020
Trade Ledger and Equifax have announced an extended partnership for the UK market which will bid for the BCR Capability and Innovation fund
Posted: 30/06/2020
Avamore Capital has announced the completion of a £1.2m part-complete project in Surrey
Posted: 26/06/2020
Seventy-six per cent of all ISAs subscribed to during the year up to April 2019 were cash ISAs, a figure up from 70% a year earlier, new data published by HMRC has revealed
Posted: 25/06/2020
Gatehouse UK Private Rented Fund I, which is advised by Gatehouse Bank and in which the bank is a co-investor, has agreed to forward fund a £10.2m Build to Rent scheme in the West Midlands, which is set to create 66 new family homes
Posted: 22/06/2020
Outer London is home to the lowest average buy-to-let (BTL) rental yield of all regions in the UK, at 4.8%, according to research from Howsy
Posted: 22/06/2020
Buy-to-let (BTL) rental yields have remained “largely flat” and are up by just 0.1% year-on-year, according to new research from Sourced Capital
Posted: 22/06/2020
United Trust Bank (UTB) has completed a £10.9m investment term loan for an existing customer affected by the COVID-19 lockdown
Posted: 09/06/2020
UK savers put £4bn into retail funds in April after record outflows in March, according to new figures published by the Investment Association (IA)
Posted: 04/06/2020
Both corporates and the financial services industry have “jumped ahead” of the Government in the development of strategies and solutions to climate change, according to UN Special Envoy for Climate Action and Finance, Mark Carney
Posted: 03/06/2020
Many UK investors planning to buy or sell properties in 2020 have put their plans on hold as a result of COVID-19, according to new research published by FJP Investment
Posted: 26/05/2020
The number of over-55s accessing the wealth in their property via equity release increased in the first quarter of 2020, but they took out more modest sums than previously, new data published by Key has revealed
Posted: 22/05/2020
The total potential spend of all residential property buyers registered with Knight Frank in London was £52bn as of 5 May 2020, new data has revealed
Posted: 11/05/2020
Around 373,000 property transactions with a total value of £82bn are on hold as a result of the UK Government’s lockdown restrictions effectively suspending the housing market, according to new analysis from Zoopla
Posted: 28/04/2020
There were 99,440 residential property transactions in the UK during March, and 9,470 non-residential transactions, new data published by HMRC has revealed
Posted: 21/04/2020
Fiduciam has announced that it completed more than £9m in bridging loans during this week alone and that it is also on target to close another £10m of loans before the end of April
Posted: 17/04/2020
Killik & Co has revealed the number of enquiries it has received regarding wills since the coronavirus outbreak has risen by approximately 50% compared to April 2019
Posted: 16/04/2020
The Government’s announcement that support for the “vital” mid-tier sector is now available for businesses with up to £500m turnover should be welcomed, according to Duff & Phelps
Posted: 07/04/2020
UK savers invested £1.4bn in retail funds during February, according to new figures published by the Investment Association (IA)
Posted: 02/04/2020
First 4 Bridging (F4B) and Grosvenor Funding have combined to secure a bridging loan in four days, allowing a borrower to complete a first charge buy-to-let (BTL) investment property purchase that was under threat due to Covid-19 implications
Posted: 02/04/2020
LendInvest announced it has completed its second securitisation of buy-to-let (BTL) mortgages in an oversubscribed RMBS transaction, Mortimer BTL 2020-1
Posted: 20/03/2020
deVere Group has launched a new contactless advice service with immediate effect, offering free financial advice to anyone in the world remotely
Posted: 17/03/2020
Forty-eight per cent of landlords are considering divesting from the rental sector due to an increase in regulation and rules, new research by Aldermore Bank revealed
Posted: 16/03/2020
Assetz Capital has secured £15m of British Business Investments (BBI) funding to help boost housebuilding in the UK
Posted: 13/03/2020
More than 800,000 SMEs in the UK have been turned down for property finance in the past five years, according to a new study from Together
Posted: 10/03/2020
Most advisers have a ‘very positive’ view of the importance of ESG in portfolio construction, according to a new study by Foresight Group
Posted: 05/03/2020
VAS Group has launched an independent valuations consultancy business, VAS Valuation Management, which will provide strategic solutions to European lenders, financial institutions and investment fund managers
Posted: 03/03/2020
LSL Property Services has confirmed it is in talks with Countrywide over a potential merger
Posted: 24/02/2020
Transactions during the conveyancing industry’s fourth quarter dropped to 226,444, the lowest recorded level of 2019, new data published by Search Acumen revealed
Posted: 21/02/2020
There were an estimated 102,810 residential transactions and 11,170 non-residential in the UK property market during January, according to new data published by HMRC
Posted: 21/02/2020
Over £5.2bn was held in rental deposits last year across the UK’s letting sector, with 4.6 million tenancies meaning the average tenant paid out £1,139 to secure a rental property, new research by the rental deposit scheme, Ome, has revealed
Posted: 21/02/2020
Forty-eight per cent of UK investors have suggested they expect to increase their environmental, social and governance (ESG) investments over the next three years, according to new research from Charles Stanley Direct
Posted: 19/02/2020
UK inflation in January increased to a six-month high, driven by petrol and house price rises
Posted: 19/02/2020
Renewed optimism from buyers and sellers saw a continued pick-up in sales activity across the UK housing market, according to the January 2020 RICS UK Residential Market Survey, with both the number of agreed sales and new homes being listed for sale improving over the month
Posted: 13/02/2020
Chancellor Sajid Javid has resigned.
His replacement is Rishi Sunak, who has served as Chief Secretary to the Treasury since July 2019. He has been the Member of Parliament for Richmond since the 2015 general election
Posted: 13/02/2020
Trapped investors became able to deal in the former Woodford Income Focus fund again after the fund’s suspension was lifted at midday today
Posted: 12/02/2020
Aspen Bridging announced that it saved a client more than £500,000 in equity on a London property, having completed a £1.4m, 78% LTV bridge deal at the conclusion of a complex five-year case
Posted: 12/02/2020
The majority of UK investors are fearing the current international political landscape is making investment markets more volatile, according to new research from HYCM
Posted: 06/02/2020
UK savers invested £15bn into the UK retail fund market in 2019, doubling the total of the previous year, new analysis published by the Investment Association (IA) revealed
Posted: 06/02/2020
The Treasury gained £3.30bn from stamp duty receipts on property purchases in the final quarter of 2019, according to the latest figures from HMRC
Posted: 04/02/2020
Vida Homeloans has announced new plans to support first-time buyers (FTBs) who take advantage of Scotland’s First Home Fund initiative
Posted: 04/02/2020
The price of Bitcoin is likely to keep rising until the coronavirus peaks, according to the CEO of the financial services organisation, deVere Group
Posted: 03/02/2020
There are potentially 1.1 million tenancy deposits without any protection in the UK, which could be worth as much as £1.2bn, according to the latest research by Hamilton Fraser’s deposit replacement provider, Ome
Posted: 31/01/2020
Twenty-eight per cent of the UK’s small and medium sized enterprises (SMEs) are expecting a bounce to their revenues in the first three months after the UK’s departure from the European Union on Friday January 31, a new study has revealed
Posted: 30/01/2020
House price growth across the UK has hit a two-year high of 3.9%, new statistics published in the December Zoopla UK Cities House Price Index revealed
Posted: 29/01/2020
M&G has confirmed that its Property Fund will remain suspended as it continues the process of selling properties to boost its cash position
Posted: 29/01/2020
Fiduciam has announced a deal worth almost £1m on two properties in south-west London, as the bridging lender seeks to push into the London market
Posted: 28/01/2020
The UK’s departure from the EU will boost FTSE 100 share prices, according to the results of a January poll by the Personal Finance Society
Posted: 28/01/2020
The average price paid by a first-time buyer in the UK in 2019 was £231,455, reflecting a 9% increase of £18,252 from a year earlier, new statistics from Halifax revealed
Posted: 27/01/2020
Landlords are intending to acquire Houses in Multiple Occupation (HMO) more than any other property type over the next 12 months, according to new research by Paragon
Posted: 22/01/2020
The annual growth in private residential rents has almost doubled to 2.6%, up from 1.4% a year ago, as demand increases in the face of a modest decline in rental supply, according to new findings reported by Zoopla
Posted: 22/01/2020
Around one in seven landlords in the UK are planning to expand their portfolios in the year ahead with the North-West expected to be the busiest region, new research from Precise Mortgages revealed
Posted: 21/01/2020
Small and medium sized enterprises (SMEs) in the UK are planning a £1.7bn investment boost over the next two years as uncertainty around the Brexit stalemate ends, according to a new survey from finance specialist, Together
Posted: 21/01/2020
Aspen Bridging has announced the completion of a £3.4m bridge at 73% LTV on five newbuild flats in Central London
Posted: 14/01/2020
AJ Bell has announced the launch of a new Retirement Investment Account (RIA), a low-cost pension with a streamlined investment proposition
Posted: 14/01/2020
InterBay Commercial has announced the completion of a complex portfolio transfer in a £7m remortgage case
Posted: 14/01/2020
Royal London has signed up to the UN-supported Principles for Responsible Investment (PRI) as part of its commitment to being a responsible investor
Posted: 13/01/2020
The price of Bitcoin could be driven higher by the escalating tensions between the US and Iran, according to the CEO and founder of deVere Group, Nigel Green
Posted: 06/01/2020
The last decade was the first on record in which homeowners invested more equity into their properties than they withdrew, according to new research by Responsible Life
Posted: 02/01/2020
Seventy-seven per cent of millennials are prioritising socially responsible and impactful investing, a new global survey by deVere Group has revealed
Posted: 02/01/2020
The price of properties coming to market in the UK will rise by 2% in 2020, according to the latest Rightmove House Price Index
Posted: 17/12/2019
Buyer enquiries are continuing to fall in the UK housing market, which remains cautious pending the result of today’s General Election, according to the latest RICS Residential Market Survey
Posted: 12/12/2019
Landbay has announced it is closing its retail investment arm and exiting the P2P lending market in favour of becoming an institutional only platform
Posted: 05/12/2019
Aspen Bridging has completed an 82.5% LTV development exit case for £3.3m in partnership with the property crowdfunding investment firm, Crowd With Us (CWU)
Posted: 02/12/2019
The Conservative party has outlined plans in its manifesto to reform the housing market by focusing on FTBs and improving terms for renters
Posted: 25/11/2019
There has been a new equity release product launched in the UK every 48 hours so far in 2019, according to new analysis from Key’s equity release referral service, Key Partnerships
Posted: 21/11/2019
InterBay Commercial has completed a loan application based on refinancing its existing 95-unit BTL portfolio and capital raising for further investment opportunities, totalling just over £23.7m
Posted: 20/11/2019
One in every four UK homeowners has used or is using property to generate income, new research from Just Group has revealed.
The study found that 43% of people living in London, and 37% in the North-East, have used their property to generate income, the areas where this was most likely. Just Group announced the least likely areas for homeowners to generate income through property were in Wales with 15%, and Northern Ireland with 9%
Posted: 20/11/2019
UK homes are taking 84 days to sell on average, nine days longer than last year, according to the latest data provided by Barclays Mortgages and Hometrack analysis of Zoopla listings data
Posted: 20/11/2019
Forty-seven per cent of adults in the UK are unaware of the schemes helping FTBs get onto the housing ladder, according to new research from Trussle
Posted: 18/11/2019
Forty-five per cent of UK adults who are yet to own a home think that they never will, according to new research by the investment management specialist, Fidelity International
Posted: 18/11/2019
Impact Specialist Finance and Harpenden Building Society have completed a £1m interest only residential deal on a new build flat
Posted: 12/11/2019
Equities saw their biggest outflows in September since the aftermath of the EU referendum in 2016, with £1.7bn pulled from equity funds by investors, new data from AJ Bell revealed
Posted: 07/11/2019
Consumer finance new business grew by 8% in September, compared with the same month last year, new figures released by the Finance & Leasing Association (FLA) have shown
Posted: 06/11/2019
A Jeremy Corbyn-led government will lead to an exodus of high-net-worth individuals from Britain, deVere Group’s chief executive, Nigel Green has warned
Posted: 06/11/2019
Buy-now-pay-later schemes are luring people into living beyond their means, according to a survey by Hastee, with half of respondents stating that buy not pay later options encourage them to spend money they don’t have
Posted: 06/11/2019
The number of landlords planning to buy their next property within a limited company vehicle has increased significantly in the last few months, new data from Foundation Home Loans has revealed
Posted: 05/11/2019
For the third consecutive quarter, the most popular use of a bridging loan was to purchase investment property, according to the latest data from Bridging Trends
Posted: 05/11/2019
Aspen Bridging has completed a 72.5% LTV semi-commercial bridging loan in 10 days for £425,000, overcoming complex legal issues in the process to ensure a portfolio landlord saved their latest investment
Posted: 04/11/2019
Residential properties are taking nearly a month longer to sell than they did in 2016, hitting a three-year high, according to the September Zoopla UK Cities House Price Index
Posted: 30/10/2019
Nationwide Building Society has announced it will invest in the auto-switching energy service, Switchd
Posted: 29/10/2019
Vanguard has reduced the fees across its Exchange Traded Fund (ETF) and mutual fund ranges, lowering the charges on 36 funds available to UK retail investors
Posted: 25/10/2019
AJ Bell, one of the UK’s largest investment platforms, has revealed that its total customer numbers increased to 232,066 in the last financial year, a 17% rise
Posted: 24/10/2019
The provisional seasonally adjusted count of residential property transactions in September 2019 is 2.3% higher than September 2018, and 5% higher than August 2019, according to latest figures published by HMRC
Posted: 22/10/2019
UK equity funds have fallen in value since Brexit and are now offering an improved yield for investors, with the FTSE 100 as a whole forecast to yield 4.8% for 2019, according to data from AJ Bell
Posted: 21/10/2019
Retail investors have withdrawn more than £4bn from the leading UK direct property funds in the past year, with concerns about the impact of Brexit on property values making investors nervous, according to new analysis by AJ Bell
Posted: 21/10/2019
A package of measures to help people on lower incomes get onto the housing ladder were confirmed today by the Housing Secretary, Robert Jenrick MP
Posted: 17/10/2019
The latest CPI figure has been recorded at 1.7% in September 2019, meaning the lifetime allowance (LTA) is boosted to £1,073m
Posted: 16/10/2019
The rate of rental growth is increasing as supply tightens and demand increases, according to a new quarterly report published by Zoopla
Posted: 16/10/2019
Foundation Home Loans has announced the completion of its fourth securitisation under the Twin Bridges platform, since its inception in 2017.
Posted: 15/10/2019
Former star fund manager, Neil Woodford, has been ousted as investment manager of his £3.5bn flagship fund, Woodford Equity Income Fund, which will be wound up and cash returned to investors
Posted: 15/10/2019
Demand for new properties in England has fallen to its lowest level since 2013, an assessment by the Federation of Master Builders (FMB) has found
Posted: 10/10/2019
A myriad of inheritance and financing issues have been overcome in a “complex” bridging loan case dealt with by Crystal Specialist Finance (CSF)
Posted: 10/10/2019
Eighty-four per cent of financial advisers believe that Individual Savings Accounts (ISAs) have become unnecessarily complicated, according to a new industry survey
Posted: 10/10/2019
SmartSearch, one of the UK’s leading providers of RegTech software focused on anti-money laundering (AML) solutions, has announced that it has received a growth equity investment from global investment firm, Marlin Equity Partners
Posted: 10/10/2019
The lang cat has revealed how financial advisers are overcoming barriers to using investment companies with clients, under new research commissioned by the Association of Investment Companies (AIC)
Posted: 09/10/2019
The proportion of over-55s who have been in debt in the last five years and have borrowed using credit cards has jumped from 37% in 2018, to 54% in 2019, according to new research from more2life
Posted: 09/10/2019
The Nottingham has increased its Lifetime ISA (LISA) interest rate to 1.25% AER, the building society has confirmed today
Posted: 09/10/2019
Annual house price growth in the UK dipped to 1.1% last month, according to the latest Halifax House Price Index
Posted: 07/10/2019
The number of new properties currently being built in England is down 8% on last year, new government figures have shown
Posted: 03/10/2019
Investing 50p a day since the coin’s launch in October 1969 could have netted you up to £12m, an analysis by Hargreaves Lansdown suggests
Posted: 03/10/2019
Annual house price growth dipped to 0.2% in September, according to the latest Nationwide House Price Index.
Posted: 01/10/2019
Financial fraud has risen by 14% this year according to new data from Experian, with criminals turning their attention to younger people who have just bought their first home
Posted: 25/09/2019
In England, 8.4 million people – or one in seven of the population – are still in need of a suitable home, according to the National Housing Association
Posted: 23/09/2019
More than half of Britons aged over 45 would find it “helpful” to be referred to a professional financial adviser to assist them in making plans to meet care costs for themselves or a loved one
Posted: 23/09/2019
Less than half (42%) of people renting privately in the UK want to buy a property in the near future, new research has suggested
Posted: 23/09/2019
The Bank of England’s MPC has voted unanimously to maintain the Bank Rate at 0.75%
Posted: 19/09/2019
A record number of people have contacted StepChange for help with their debts this year, the UK’s largest debt advice charity has revealed
Posted: 18/09/2019
Broadleaf Financial Services has been bought by the AFH Financial Group, the two companies have confirmed
Posted: 18/09/2019
The vast majority of young Britons would still prioritise buying a home over renting one, research collated by Share to Buy has shown
Posted: 17/09/2019
Homeowners planning on taking out one of the new retirement interest-only (RIO) loans face paying a “shocking” premium for continuing to delay the repayment of their capital balance, according to Royal London
Posted: 17/09/2019
Investment platform AJ Bell has introduced a new solution to help financial advisers manage clients taking an income in retirement
Posted: 16/09/2019
Near term sales expectations in the UK residential market have slipped deeper into negative territory
Posted: 12/09/2019
Over 90% of UK advisers have changed their approach to adviser charging in the last two years, according to Platforum
Posted: 09/09/2019
Product providers, financial advisers and the FCA are being urged by the Personal Finance Society (PFS) to ensure that Innovative Finance ISAs are designed and promoted in a way that won’t exploit behavioural biases
Posted: 09/09/2019
Lower salaries, insecure employment and austerity are fuelling a growing debt crisis, the Trades Union Congress (TUC) has warned
Posted: 05/09/2019
Premier Asset Management has agreed a merger with Miton to create a group with £11.5bn assets under management
Posted: 05/09/2019
Just over 70 per cent of British workers feel that Brexit will damage the UK economy in the long term, according to a poll conducted by Spearvest
Posted: 04/09/2019
Investors have been urged to safeguard their wealth by deVere group founder and CEO Nigel Green, after Prime Minister Boris Johnson lost the first round of a 48-hour Brexit battle in the House of Commons
Posted: 04/09/2019
Just 100,000 people have deposited money into the Help to Save scheme, with the average deposit rising to £47 a month
Posted: 30/08/2019
Just under 80 per cent of investors admitted they would switch financial adviser if they felt they were not receiving value for money, according to data published by AFH Wealth Management
Posted: 29/08/2019
The “already battered pound” has taken yet another hit as the Queen approves Prime Minister Boris Johnson’s request to suspend Parliament from mid-September
Posted: 29/08/2019
Almost half (44 per cent) of advisers admitted they advise clients who stagger their retirement to make no changes to the risk profile of their investments
Posted: 28/08/2019
The Bank of Mum and Dad (BoMaD) contributed £6.3bn in 2019 to help their children get on the housing ladder, the equivalent of a top 10 UK mortgage lender, latest L&G research has revealed
Posted: 27/08/2019
The number of people moving home increased for the first time in three years in the first half of 2019, according to latest figures
Posted: 27/08/2019
Builders and developers registered the highest number of new homes for 12 years in the last three months, with more than 43,000 recorded in the UK, according to the National House Building Council (NHBC)
Posted: 21/08/2019
Bank of England (BoE) governor Mark Carney has claimed the central bank will not pursue negative interest rates, a monetary policy method previously adopted by the European Central Bank (ECB) and Bank of Japan
Posted: 20/08/2019
Three quarters of advisers claimed there was a need for greater education and additional resources in the market to provide practical guidance on how to recognise and handle vulnerable clients
Posted: 19/08/2019
Landlords who are planning to add to portfolios in the next year, are much more likely to do so via a limited company vehicle, latest landlord research from Foundation Home Loans has revealed
Posted: 16/08/2019
A majority of landlords believe future government U-turns on the increase in stamp duty payable on additional property and on the phased-in cuts to mortgage interest tax relief, could provide a significant stimulus to both the buy-to-let and private rental sectors
Posted: 16/08/2019
More than a third (34 per cent) of investors have predicted a world-wide recession within the next 12 months, the highest proportion in eight years as trade war worries linger over global markets
Posted: 14/08/2019
deVere CEO and founder Nigel Green has claimed that Her Majesty’s Revenue and Customs’ (HMRC) latest bid to recover unpaid taxes on cryptocurrencies demonstrates that digital assets are the “future of money”
Posted: 14/08/2019
UK wage growth picked up to 3.9% in the year to June, the highest rate for 11 years, according to the ONS
Posted: 13/08/2019
More than half of landlords plan to use limited companies to buy properties in the year ahead underlining the ongoing transformation of the buy-to-let market
Posted: 13/08/2019
The investment company industry’s assets have passed the £200bn milestone for the first time, reaching a record £200.3bn on 31 July 2019, driven by the alternative sectors
Posted: 13/08/2019
Bridging loan books grew to a record £4.62bn at the end of the second quarter of this year, representing growth of 11.7% compared to Q1 2019 and an increase of 14.4% on the same quarter last year
Posted: 13/08/2019
A quarter of British adults agreed that seeing Unicorns and their initial public offerings (IPOs) fail or not fulfil their potential, such as Uber’s, has made investing into them less attractive
Posted: 12/08/2019
Experience Invest has announced the launch of Yieldbase – an online platform dedicated to the buying and selling of income-generating rental properties
Posted: 12/08/2019
The UK economy declined by 0.2 per cent between April and June, its worst recorded performance since 2012, according to data published by the Office for National Statistics (ONS)
Posted: 09/08/2019
UK adults spend an average of £1,093.90 each month on treats and non-essential items, despite having £371.30 in disposable income
Posted: 09/08/2019
Four Hargreaves Lansdown executives, including the chief executive, have said they will surrender their bonuses this year after the company supported Neil Woodford’s flagship fund up until its suspension
Posted: 08/08/2019
Over 55s claimed they would need to inherit an extra £184,484 to feel “comfortable” for the rest of their lives, according to research from SunLife
Posted: 07/08/2019
Investors should receive clearer warnings surrounding the risks of fund suspension, according to the Association of Investment Companies (AIC) chief executive Ian Sayers
Posted: 06/08/2019
Private equity investment in the UK has plummeted to its lowest level in over five years, with continued economic and geopolitical uncertainty leaving vendors wary of putting assets up for sale
Posted: 06/08/2019
As sterling reaches 31-month lows against the dollar, the Bank of England (BoE) has warned of consequences for the UK economy in the event of a no-deal Brexit
Posted: 02/08/2019
London Stock Exchange Group (LSE) revealed yesterday it had finalised a deal to acquire data firm Refinitiv in a transaction worth £22.3bn
Posted: 02/08/2019
The Bank of England’s (BoE) Monetary Policy Committee (MPC) voted unanimously to maintain bank rate at 0.75 per cent in its latest meeting
Posted: 01/08/2019
Neil Woodford has breached fund restrictions after two of his largest funds were delisted from the Guernsey stock exchange
Posted: 01/08/2019
Lloyds Banking Group has entered exclusive talks to purchase the £3.7bn mortgage book from the banking arm of supermarket giant Tesco
Posted: 31/07/2019
Neil Woodford’s flagship fund, the Woodford Equity Income Fund, will remain suspended until December, Link Fund Solutions, the Authorised Corporate Director (ACD) of the fund, said in a letter issued yesterday
Posted: 30/07/2019
The pound is going to continue to fall in the short to medium-term under Boris Johnson or Jeremy Corbyn, argued deVere Group founder and CEO Nigel Green
Posted: 30/07/2019
Transaction volumes on the London Stock Exchange (LSE) were down by almost 25 per cent in the first half of 2019 compared to the same period in 2018, with The Share Centre blaming the drop on Brexit uncertainty
Posted: 29/07/2019
More than 60 per cent of financial advisers claimed there has been insufficient industry focus on decumulation solutions and predict this area will grow exponentially within the next five years
Posted: 29/07/2019
Boris Johnson's promise to fix problems with the Lifetime Allowance (LTA) should cover all pension savers in the UK, not just NHS doctors, says Salisbury House Wealth
Posted: 26/07/2019
After being dubbed as the favourite by many and winning today’s Tory leadership race, deVere Group CEO and founder Nigel Green claimed the pound will “not drop too much” or “for too long”
Posted: 23/07/2019
Asset managers are beginning to regain some initiative after having control of the market taken away from them as a result of the Retail Distribution Review (RDR) in Q4 2012, according to Platforum research director Richard Bradley
Posted: 22/07/2019
A quarter of UK investors currently hold investments they want to liquidate but are unable to as a result of unexpected fees, research from Experience Invest has revealed
Posted: 19/07/2019
Bitcoin, the world’s largest cryptocurrency by market value, jumped 9 per cent on Thursday, despite U.S. lawmakers’ and Trump’s recent criticisms of digital assets, with the U.S. president last week tweeting they were “based on thin air”
Posted: 19/07/2019
Investors estimated that platform fees would cost an average of £7,400, undervaluing the true £12,500 cost by more than £5,000, according to research from AFH Wealth Management
Posted: 18/07/2019
The Consumer Prices Index rate of inflation remained at the Bank of England’s 2 per cent target in the 12 months to June 2019, the Office for National Statistics has revealed
Posted: 17/07/2019
The UK FinTech sector is on course for a record year, with investment in the first half of 2019 reaching $2.9 billion across 123 deals, up 45 per cent on 2018
Posted: 16/07/2019
Several asset managers have been criticised for investing in companies that have provided surveillance tools to China, exposing pension savers and other investors to investments that “contribute” to “violations of human rights”
Posted: 16/07/2019
President Trump has hit out at Facebook’s plan to launch the Libra digital currency and has said that the social media giant must apply to become a licensed bank if it wishes to operate in the US
Posted: 12/07/2019
Facebook’s plans to launch a digital currency have come under pressure from the US federal reserve chairman, who warned that the plan “cannot go forward” unless regulatory concerns over data privacy and financial stability have been dealt with
Posted: 12/07/2019
Young people are predicting a revival of High Street banks in the coming years despite the arrival of the cashless economy and digital banking, according to a new study
Posted: 11/07/2019
High-net-worth (HNW) individuals will increasingly be seeking to Corbyn-proof their finances, according to deVere Group CEO and founder Nigel Green
Posted: 10/07/2019
Investors have a lack of understanding of some of the fundamental risks associated with investing through property investment platforms, according to new research from property lender Fitzrovia Finance
Posted: 09/07/2019
Cryptocurrencies such as Bitcoin could play a significant role in reshaping the UK’s financial services sector post-Brexit, repairing the “unprecedented damage” inflicted on the UK as a result of the uncertainty, according to deVere CEO and founder Nigel Green
Posted: 09/07/2019
Thousands of jobs are at risk in London after Deutsche Bank announced it will cut 18,000 roles globally in an attempt to stem its 10-year decline
Posted: 08/07/2019
Societe Generale has reportedly made plans to sell its UK private banking arm, after having made a major acquisition to expand the business just three years ago
Posted: 05/07/2019
UK peer-to-peer (P2P) lender RateSetter have revealed that at the end of June its ISA had attracted more than £250m in subscriptions, since being launched in February 2018
Posted: 04/07/2019
Moneybox has today announced the launch of its Cash Lifetime ISA (LISA), in partnership with OakNorth Bank, offering a market-leading interest rate of 1.4 per cent
Posted: 02/07/2019
Just under half (45 per cent) of advisers have predicted worsening volatility over the coming year, according to research published by TIME Investments
Posted: 02/07/2019
Over a third (36 per cent) of British adults – 18 million people – are concerned that their finances will worsen post-Brexit, up from 32 per cent six months ago, according to a YouGov survey conducted on behalf of Royal London
Posted: 01/07/2019
Pensions consultancy firm XPS Pensions Group share price dropped by 65 pence per share yesterday (27 June) despite a recording a 75 per cent growth in total revenue
Posted: 01/07/2019
The direct financial impact of Brexit on major financial services firms in the UK has almost reached £4bn, as of 31 May 2019, EY’s Financial Services Brexit Tracker revealed
Posted: 28/06/2019
With Austria set to launch a new 100-year bond, Royal London Asset Management (RLAM) head of fixed income Jonathan Platt questioned why the UK has not introduced something similar, stating that it has “lost the sense of ‘seizing the moment’ to make transformational change”
Posted: 27/06/2019
Following the announcement of Facebook diving into the world of cryptoassets with its own virtual currency, Libra, eToro analyst Simon Peters has predicted the value of Bitcoin could soar to $50,000 “or even $100,000” this year
Posted: 27/06/2019
Ahead of the G20 summit taking place in Osaka, Japan, this week, deVere CEO and founder Nigel Green said leaders must take decisive steps towards a multilateral cryptocurrency regulatory framework, arguing that failure to do so would be “irresponsible and negligent”
Posted: 26/06/2019
Advisers must “call out” bad practice in the financial services industry, as it “affects the reputation of our profession and ultimately our customers”, Pimfa chief executive Liz Field said
Posted: 25/06/2019
The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as ‘manufactured credit events’, may adversely affect the integrity, confidence and reputation of the credit derivatives markets, as well as markets more generally, the FCA has said in a joint statement
Posted: 25/06/2019
The Investment Association is due to announce a new long-term asset fund structure that will limit when people can sell their investments in order to avoid the liquidity problems that have beset the Woodford Equity Income fund
Posted: 24/06/2019
Lloyds Banking Group has reportedly frozen 8,000 accounts of offshore banking customers amid a regulatory clampdown on money laundering
Posted: 24/06/2019
The later life lending market is set to almost double in size over the next decade, new research from the Centre for Economics and Business Research (Cebr) commissioned by equity release lender more 2 life has revealed
Posted: 24/06/2019
Facebook’s jump into cryptocurrencies is another “nail in the coffin” for traditional banks, according to deVere Group CEO and founder Nigel Green
Posted: 21/06/2019
The Bank of England’s governor has backed various FinTech initiatives, including opening its balance sheet to new payment providers like Facebook’s cryptocurrency
Posted: 21/06/2019
Investec Structured Property Finance (Investec) has announced that it has agreed to provide Valor Real Estate Partners (Valor), a pan-European industrial real estate investor, with a £27m senior loan, to fund the speculative development of a 153,000 sq ft Grade A urban logistics park in Mitcham, South London
Posted: 20/06/2019
The Consumer Prices Index (CPI) rate of inflation dropped to 2 per cent in May 2019, down from 2.1 per cent in April 2019, hitting the Bank of England’s target rate
Posted: 19/06/2019
UK assets and the pound can be expected to fall further, according to deVere Group CEO Nigel Green, who highlighted that the debate between the five men vying to become the next Prime Minister “underscores that the pound can be expected to fall further"
Posted: 19/06/2019
Facebook expects its cryptocurrency ecosystem called Calibra, including a digital currency and wallet, to go live in 2020
Posted: 18/06/2019
A group of 88 investors, including the Environment Agency Pension Fund (EAPF), have urged 707 of some of the world’s largest companies to start disclosing their environmental information
Posted: 18/06/0219
According to a Freedom of Information (FOI) request submitted by AJ Bell, 286,000 Lifetime ISA (LISA) accounts have been opened since the savings product launched in April 2017
Posted: 17/06/2019
Wealth managers believe that delivering highly personalised services is essential to achieve a competitive differentiation, but a third are being held back from doing so by old technology
Posted: 17/06/2019
Another of Neil Woodford’s funds, the Income Focus fund, has shrunk by more than £100m in less than two weeks, with Hargreaves Lansdown withdrawing £45m
Posted: 14/06/2019
If Boris Johnson were to win a general election, deVere Group CEO and founder Nigel Green has warned that UK asset prices and the pound would tumble
Posted: 13/06/2019
Almost half (45 per cent) of those over the age of 30 are most likely to ask their parents for financial support, according to research from Portafina
Posted: 13/06/2019
The number of over 50s not just supporting their children, but also their grandchildren, is increasing, as the older generations gift £53bn per year to their families, research from Saga Money has revealed
Posted: 12/06/2019
The Financial Conduct Authority (FCA) has come under scrutiny from the Treasury Select Committee (TSC) over the suspension of Neil Woodford’s LF Woodford Equity Income Fund
Posted: 11/06/2019
Following the decision to suspend his Woodford Equity Income Fund, Neil Woodford has apologised to investors, claiming to be “extremely sorry”
Posted: 05/06/019
HSBC, Europe’s largest lender, is set to appoint Morgan Stanley as one of two joint corporate brokers to replace Goldman Sachs
Posted: 05/06/019
Europe’s largest lender, HSBC, has announced it will bring an end to its corporate broking relationship with Goldman Sachs, putting an end to the pair’s long relationship
Posted: 04/06/2019
Neil Woodford’s flagship fund, the Woodford Equity Income Fund, suspended trading yesterday evening after the number of investors cashing out increased
Posted: 04/06/2019
Banking Competition Remedies (BCR), the independent body established to implement the £775 million Royal Bank of Scotland State Aid Alternative Remedies Package, has opened the second application window for the Incentivised Switching Scheme (ISS)
Posted: 03/06/2019
A majority of fund managers are not taking into account “best practice” public voting policies on climate change, gender and ethnic diversity, research from the Association of Member Nominated Trustees (ANMT) has found
Posted: 31/05/2019
In its latest Household Finance Update for April 2019, UK Finance revealed that deposits held in instance access accounts were 2.4 per cent higher than last April, with Growth Street CEO Greg Carter stating that savers are “unaware” that their money is “sitting stagnant”
Posted: 30/05/2019
Over a third (35 per cent) of wealthy women do not invest due to a lack of confidence, compared to just 17 per cent of men, according to poll from Canaccord Genuity and YouGov
Posted: 29/05/2019
With the UK’s sluggish economic growth not looking likely to improve any time soon, all three major lending classes are set to grow less than two per cent this year, according to data published by the EY Item Club
Posted: 28/05/2019
Any positive impact of a second Brexit referendum on financial markets would be “offset” by a win by Jeremy Corbyn’s Labour party, warned deVere Group CEO Nigel Green
Posted: 28/05/2019
Prime Minister Theresa May announced she will be resigning from her post on 7 June and, according to deVere Group CEO Nigel Green, the pound and UK-based assets “could be expected to decrease in value” as a result
Posted: 24/05/2019
Following the announcement that Prime Minister Theresa May will resign on 7 June, Willis Owen head of personal investing Adrian Lowcock noted that international investors are “likely to sit on the sidelines and await some clarity”
Posted: 24/05/2019
Facebook is reportedly planning to launch its own cryptocurrency and digital payments in 2020
Posted: 24/05/2019
More than a third of MPs have backed a campaign for their parliamentary pension scheme to not include investments in non-renewable energy ahead of a parliamentary debate on the subject later today (22 May)
Posted: 23/05/2019
The Consumer Prices Index (CPI) rate of inflation increased to 2.1 per cent in April 2019, up from 1.9 per cent in the 12 months to March 2019, the Office for National Statistics (ONS) has revealed
Posted: 22/05/2019
The Financial Conduct Authority (FCA) and Action Fraud have warned the public to be wary of investment scams carried out via bogus online trading platforms
Posted: 21/05/2019
An average adult in the UK does not begin to feel concerned about their debt level until it hits £6,012, a study commissioned by Salary Finance revealed
Posted: 20/05/2019
Investec shuttered its Click & Invest robo-advisory service, recording a £12.8 million operating loss on the business after attracting fewer investors than expected
Posted: 17/05/2019
The Pensions Regulator (TPR) is targeting “law-breaking” employers with new compliance checks up and down the country
Posted: 16/05/2019
Bitcoin experienced a further surge in value as it broke through the $8,000 (£6,174) mark, the highest level the cryptocurrency has reached in a year, after hitting a nine-month high at the weekend
Posted: 14/05/2019
Cryptocurrency platform Binance has confirmed that hackers have stolen 7,000 bitcoin with a value of more than $41 million
Posted: 08/05/2019
Adults in the UK could be losing out on a combined £100m a year by not investing their savings, according to research published by Yolt
Posted: 08/05/2019
Wealthy investors have recently displayed more optimism about the impact of Brexit on the UK economy, despite ongoing uncertainty, according to the latest UBS Wealth Management investor sentiment survey
Posted: 08/05/2019
The Financial Conduct Authority (FCA) has today published a call for evidence on the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR)
Posted: 01/05/2019
The number of cash ISAs subscribed to fell by 697,000 in the 2017/18 period, while the number of savers subscribing to stocks and shares ISAs increased by 246,000, data from HM Revenue & Customs (HMRC) revealed
Posted: 30/04/2019
The UK ranked as the third-most popular nation for investment, with the total value of foreign investment stock in the UK increasing by 5 per cent to $1.9trn (£1.5trn) at the end of 2018, figures released yesterday revealed
Posted: 30/04/2019
The number of reported investment fraud cases experienced a sharp increase in 2018, rising by 74 per cent to 6,890, up from 3,950 in 2017, data has revealed
Posted: 29/04/2019
Discussions of a potential merger between Germany’s two largest lenders, Deutsche Bank and Commerzbank, yesterday collapsed
Posted: 26/04/2019
Two thirds of Europeans have faith that cryptocurrencies will still exist in 10 years’ time, however the majority are still uncertain to how they will be used
Posted: 24/04/2019
The gulf between earnings and property price inflation has shrunk considerably across the UK in recent years, new research from Halifax has revealed
Posted: 23/04/2019
Stamp duty on share purchases has been dubbed as big of a deterrent to investment in the UK as Brexit, research has found
Posted: 23/04/2019
Over four million Brits admitted they do not have the mental capacity to make the right choices when it comes to tackling difficult decisions, research from Scottish Widows revealed
Posted: 18/04/2019
Adults in the UK spend £83bn on home improvements each year, research from digital bank Zopa has revealed
Posted: 18/04/2019
Almost 12 million adults in the UK have confessed to openly discussing their finances with family and friends to avoid any mental or emotional health issues, new research has found
Posted: 15/04/2019
The Office for National Statistics (ONS) will receive a funding boost of £9m to develop new methodologies for measuring how the UK economy is performing, Chancellor Philip Hammond announced today
Posted: 12/04/2019
The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service
Posted: 11/04/2019
The pound is expected to rally following the news that EU leaders have agreed a delay to Brexit to 31 October along with a review in June
Posted: 11/04/2019
As we approach the end of the 2018/19 tax year, The Share Centre has highlighted that investors “scramble” to use their annual tax-free allowance before the midnight deadline on 5 April, losing out on valuable growth
Posted: 08/04/2019
More than half of all UK consumers have at least one bank account they no longer use, but have not yet closed, as many open new accounts with challenger banks because they offer enticing personalised features
Posted: 04/04/2019
In 2018, 657,930 people contacted StepChange Debt Charity seeking advice, up from 619,946 in 2017, the charity revealed
Posted: 03/04/2019
Expectations of a 2019 interest rate hike from the Bank of England (BoE) are currently at their lowest level, at under 5 per cent, Hargreaves Lansdown revealed
Posted: 02/04/2019
Those who invested their full ISA allowance into the FTSE 100 at the start of each financial year, over the past 20 years, would have seen their ISA value grow to £353,064, research from Willis Owen revealed
Posted: 01/04/2019
The common equity tier 1 (CET1) capital ratio for the UK’s banking sector increased by 0.1 per cent in the final quarter of 2018, rising to 15.5 per cent, the Bank of England (BoE) revealed
Posted: 28/03/2019
The bulk annuity market has exceeded £24bn in pension scheme buy-in and buyout transactions in 2018 for the first time in history, new research from Barnett Waddingham has revealed
Posted: 26/03/2019
JP Morgan is asking approximately 300 of its UK staff based in London to sign a new contract that will require them to move to one of the bank’s other hubs across the European Union (EU), in the event of a no-deal Brexit
Posted: 26/03/2019
Over the last ten years, savers could have earned £24,340 more if they had invested their full allowance at the start of the tax year, rather than waiting until the last-minute to invest, Hargreaves Lansdown found
Posted: 25/03/2019
An estimated 1.25 million people are set to breach the current Lifetime Allowance (LTA) limit for pensions tax relief, according to new research from Royal London
Posted: 25/03/2019
Almost half (45%) of all UK adults are in debt and, according to research from comparethemarket.com, 90% of them are suffering from stress and anxiety as a direct result of their financial situation
Posted: 22/03/2019
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has today voted unanimously to maintain bank rate at 0.75 per cent
Posted: 21/03/2019
The Consumer Prices Index rate of inflation rose steadily to 1.9 per cent in the 12 months to February 2019, up from 1.8 per cent in January 2019, according to the Office for National Statistics (ONS)
Posted: 20/03/2019
A majority of adults in the UK have claimed that they do not know how manage their finances in a responsible manner, with just 34% feeling “in control”, while over half (57%) were not aware exactly of how much they had in their account, according to a survey conducted by Creditfix
Posted: 19/03/2019
Royal London director of policy, Steve Webb, has voiced his concern that the government’s proposed legislation for collective defined contribution schemes (CDC) was “very narrow in scope”
Posted: 18/03/2019
The winners of the inaugural Retail Asset Management Awards 2019 were announced last night at a glittering gala ceremony at the Waldorf Hotel in London attended by around 200 people
Posted: 15/03/2019
The Financial Conduct Authority (FCA) has today introduced a package of measures to support consumers who invest through investment platforms, allowing them to find and switch to the right one for them
Posted: 14/03/2019
Former Chancellor of the Exchequer, Alistair Darling, has warned of an erosion of trust between savers and the financial institutions which manage their money
Posted: 11/03/2019
The Financial Conduct Authority (FCA) has today published two pieces of research looking at UK consumer attitudes to cryptoassets - such as Bitcoin or Ether - indicating potential harms, including the fact that many consumers may not fully understand what they are purchasing
Posted: 07/03/2019
For the ninth month in a row, the Investment Association has revealed net outflows from funds held within ISAs, with £506m of fund redemptions recorded in January
Posted: 07/06/2019
Investors pulled £870m from equity funds in January, while absolute return funds have lost £3.4bn since summer 2018, AJ Bell has revealed
Posted: 07/03/2019
Aon has confirmed it is not pursuing the acquisition of Willis Towers Watson (WTW)
Posted: 06/03/2019
The government has revealed the new name for the Single Financial Guidance Body, which is to be known as the Money and Pensions Service
Posted: 04/03/2019
Savers have missed out on at least £188bn in lost interest over the past ten years, which amounts to £7,701 per household, Hargreaves Lansdown revealed
Posted: 04/03/2019
An investor that used all of their ISA allowance to invest in the UK stock market through a tracker over the past 20 years could have earned £163,349 after charges, according to Willis Owen
Posted: 04/03/2019
The Financial Conduct Authority (FCA) has today raised concerns about the way financial advisers are disclosing costs and charges
Posted: 28/02/2019
Less than 2% of the 3.5 million people thought to be eligible for the Help to Save scheme are currently paying into it, HMRC statistics have shown
Posted: 28/02/2019
The finances of 10,500 borrowers are being "damaged from beyond the grave" by collapsed payday lender Wonga, according to a committee of MPs
Posted: 27/02/2019
Shares in Metro Bank have plunged sharply after it announced a £350m share placement in an effort to contain a crisis over an accounting error that is now being investigated by regulators
Posted: 27/02/2019
Despite baby boomers owning more than a third of the UK’s wealth, many in this age group are missing out on a potential investment gains as they lack confidence and knowledge about where to invest their money, research by savings and investment company Aegon has found
Posted: 27/02/2019
Approximately half (49%) of the population have claimed that they rate the provider’s social values, such as consistency, reliability, trustworthiness and treating customers fairly, as important as the potential returns, new research from Foresters Friendly Society has found
Posted: 25/02/2019
Schroders has announced the death after a short illness of its director Bruno Schroder aged 86 on 20 February
Posted: 21/02/2019
Regular reminders and updates on investments are a key reason why women are choosing to invest through an online website or mobile application, often for the first time, according to new research from Fidelity International
Posted: 19/02/2019
Almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in energy transition by 2021, a new study has revealed
Posted: 15/02/2019
A majority of British savers (67%) have claimed they are concerned about the current volatility in the stock market, and it is putting them off investing, new research has found
Posted: 13/02/2019
Many FTSE 100 DC pension schemes are leaving their UK staff’s savings “highly exposed to climate risks”, according to new research from ShareAction
Posted: 13/02/2019
Royal Bank of Scotland (RBS) shareholders have agreed to a plan that allows it to buy up to £1.5bn worth of shares from the government, just hours after the Labour party announced it would prevent such a move if it came to power
Posted: 07/02/2019
One in four adults will be relying on family and friends to lend them cash, as they feel the January squeeze on finances, new research from Charter Savings Bank has revealed
Posted: 07/02/2019
Insurance firm Royal London has received approval to transfer more than £1bn worth of assets to Ireland as it ramps up its Brexit contingency planning
Posted: 06/02/2019
Victims of investment fraud lost over £197m in 2018 as scammers use increasingly “sophisticated tactics” to persuade people to invest their savings, according to new figures from Action Fraud
Posted: 06/02/2019
The Financial Conduct Authority (FCA) yesterday published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in
Posted: 05/02/2019
Savers can now invest in premium bonds with just £25, as National Savings & Investments (NS&I) has today announced the reduction of the minimum initial investment for premium bonds from £100 to £25
Posted: 01/02/2019
The amount of cash people are holding has almost doubled from £363bn in 2001-2003 to £711bn between 2014-16, according to the latest UK Personal Statistics published by HM Revenue & Customs
Posted: 31/01/2019
Despite the display of confidence in Prime Minister Theresa May as her Brexit deal received a majority vote in the House of Commons, the pound slipped from its twelve month high against the euro today
Posted: 30/01/2019
Personal insolvencies reached their highest levels since 2011, with individual voluntary arrangements (IVAs) at the highest annual level recorded, highlighting the requirement for more education, according to TDX Group head of financial difficulties Richard Haymes
Posted: 29/01/2019
Brexit has been named as the biggest threat for advice, chosen by just over half (51 per cent) of advisers surveyed in new research by Aegon
Posted: 29/01/2019
The Investment Association (IA) announced on Friday the launch of the first industry-wide consultation on sustainability and responsible investment
Posted: 28/01/2019
The UK’s largest mutual life, pensions and investment company Royal London has reunited 36,000 customers with lost ‘penny policies’, holding a value of more than £14m
Posted: 25/01/2019
Between September and November the number of those in employment significantly increased when compared to the figure recorded for the period between June and August, which will prove to be encouraging for both women and investors alike, according to industry professionals
Posted: 22/01/2019
A quarter of high-net worth (HNW) investors (those with over £100,000 in investable assets) currently hold more than 50% of their wealth in cash, according to new research from Rathbone Investment Management
Posted: 21/01/2019
Just over two thirds (67%) of drawdown investors who said they would be concerned by stock market fluctuations, claimed that markets would need to fall by 7.5% on average in a single day to spook investors enough to review and move their money, new research has found
Posted: 21/01/2019
The ISA was introduced 20 years ago in April 1999 and, in that time, £8.74trn has been placed in the savings vehicle, while an estimated £30bn has been saved in income tax, according to Hargreaves Lansdown
Posted: 14/01/2019
The Retail Asset Management Awards 2019 shortlist has been revealed
Posted: 04/01/2019
Eleven banks have been selected to join a £350m scheme designed to encourage small businesses to move away from RBS in a bid to increase competition
Posted: 20/12/2018
The European bank which funds international development will cease paying for coal projects in a bid to reduce carbon emissions, it announced yesterday
Posted: 13/12/2018
A relatively high proportion of advisers (22%) are unsure of what asset class they would expect to generate the best returns over the next year, new research has found
Posted: 10/12/2018
Investors fled the markets in October, with net outflows of £1.6bn throughout the month, compared to inflows of £5.3bn last October, the latest Investment Association figures revealed
Posted: 06/12/2018
Advisers are increasingly optimistic about the future of the industry with growing numbers predicting expansion and happy to recommend financial advice as a career, new research from Prudential has revealed
Posted: 03/12/2018
Further to its announcement yesterday morning detailing its intention to proceed with its initial public offering (IPO), investment platform provider AJ Bell has confirmed that its price range prospectus has been approved by the Financial Conduct Authority (FCA)
Posted: 28/11/2018
Following its announcement on 19 November of its intention to proceed with an initial public offering (IPO), AJ Bell has today announced the price range and its intention to publish the prospectus later today
Posted: 27/11/2018
Advisers are increasingly optimistic that partnerships with accountants and solicitors will help drive new business in the coming year, according to new research published by Prudential
Posted: 26/11/2018
Less than one in ten (7 per cent) clients of retirement age claimed their adviser has introduced themselves to their adult children, according to new research from Zurich
Posted: 22/11/2018
Retirees are not taking action on their concerns about the impact of market volatility on their retirement income sustainability, according to new research from Aegon
Posted: 21/11/2018
Fears that the Lifetime ISA (LISA) could create a surge in auto-enrolment (AE) opt-outs appear to be misplaced, as a recent LISA study conducted by AJ Bell revealed that the vast majority (78%) of people contribute towards both the product and their workplace pension
Posted: 21/11/2018
Following its announcement on 8 November 2018, investment platform AJ Bell has today confirmed its intention to proceed with an initial public offering (IPO).
The firm intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority (FCA), and to trading on the London Stock Exchange’s main market for listed securities
Posted: 19/11/2018
A majority of advisers (75%) are becoming increasingly convinced that robo-advice can help close the advice gap, exclusive research from Prudential has revealed
Posted: 16/11/2018
A rise in passive investing can “co-exist” alongside investors’ desire to preference investments that embody their values and longer-term goals, the Financial Conduct Authority has said
Posted: 07/11/2018
Advisers are increasing support for vulnerable clients and staff helping them as the sector responds to the growth in inquiries about later life advice, research conducted by Prudential revealed
Posted: 01/11/2018
As confirmed in today’s Autumn Budget by Chancellor Philip Hammond, National Savings and Investments (NS&I) has announced the minimum investment for premium bonds will be reduced from £100 to £25
Posted: 29/10/2018
A feasibility study around the introduction of a no-interest loan scheme, an alternative to short term high cost credit has today been launched by Chancellor Philip Hammond
Posted: 29/10/2018
The Royal Bank of Scotland (RBS) is set indicate whether it plans to continue paying dividends this week, as British lenders reveal their third quarter results
Posted: 27/10/2018
National Savings & Investments (NS&I) has recently revealed that 14% of Britons (7 million people) think they may have lost track of a financial product, drawing attention to the staggering amount of money left dormant with UK financial services providers
Posted: 16/10/2018
The average Brit underestimates the amount of money they need to retire by £169,000, according to new research by MoneySupermarket
Posted: 10/10/2018
Almost two thirds (73%) of NEST savers think it is important for pension schemes to consider the environment, society and corporate behaviour when investing their money, revealed a survey conducted by the corporation
Posted: 08/10/2018
Britain’s biggest high street lender Lloyds is in talks with Schroders over merging its £13bn wealth management branch into a new joint venture with the investment giant
Posted: 08/10/2018
Over half (51%) of 25 to 34 year olds do not feel financially resilient, meaning they would struggle to recover from a financial shock or loss of income, while a third of them have no savings, according to the Office for National Statistics (ONS) report How well are you doing compared with other young people?
Posted: 04/10/2018
Investors have continued to pull money from UK-focused funds in August, with a further £423m being withdrawn from the sector, revealed the latest figures from the Investment Association
Posted: 04/10/2018
Almost half (49%) of self-employed adults aged 25 and over are earning less than minimum wage – a total of two million people, new analysis published by the TUC has revealed today
Posted: 28/09/2018
The government is backing the Select Committee's recommendation that the Single Financial Guidance Body should signpost older people to mortgage brokers, banks and building societies who can offer advice on mortgages and equity release, shared ownership and shared equity, and on reinvesting the proceeds of sales
Posted: 28/09/2018
Labour leader Jeremy Corbyn has pledged to keep the triple lock if his party is elected
Posted: 27/09/2018
Goldman Sachs is today launching a savings account in the UK, with savers being offered an interest rate of 1.5 per cent
Posted: 27/09/2018
A total of 57% of IFAs would like a greater supply of ratings for ESG products to support client interest, according to latest research by HSBC Global Asset Management
Posted: 26/09/2018
A total of 10.8 million UK adults now consider themselves to be virtually cashless, using payment methods other than physical notes and coins to pay for lower value items
Posted: 25/09/2018
A total of 4.5 million UK adults took financial advice on investments, saving into a pension or retirement planning in the last 12 months – an increase of 1.3 million compared to the previous year
Posted: 25/09/2018
A total of £503.4m was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018, new data from UK Finance has shown.
During the same period, the finance industry prevented £705.7m of unauthorised fraud, equivalent to £2 in every £3 of attempted unauthorised fraud
Posted: 25/09/2018
Paragon has expanded its property finance portfolio following its £48m acquisition of Titlestone Property Finance
Posted: 24/09/2018
The next recession will be ‘worse than the Great Depression’ if two experts’ predictions about the worldwide debt of $247trn are correct
Posted: 24/09/2018
KAS Bank has developed a cost transparency dashboard to help asset owners understand and keep track of the costs involved in a pension scheme
Posted: 21/09/2018
AJ Bell has today announced that retail investors who want to apply for shares under AJ Bell’s planned initial public offering (IPO) need to be UK residents and have opened an account with the firm by 15 October 2018
Posted: 19/08/2018
Bitcoin will lose 50 per cent of its cryptocurrency market share to ethereum within five years, according to Thomas Crown Art co-founder Ian Mcloed
Posted: 18/09/2018
The government has announced the launch of its Help to Save scheme
Posted: 13/09/2018
The impact of the financial crisis has left people's wages 3% below what they were a decade ago, new research has revealed
Posted: 12/09/2018
The number of advisers’ clients choosing growth as their main priority when selecting an investment product has increased, rising from 28% in January 2018 to 37% in April 2018, according to figures from NS&I’s latest edition of its Financial Advice Barometer
Posted: 06/09/2018
Despite the price of Bitcoin rising, eToro market analyst Matthew Newton stated that it is way too early to call this a “true resurgence”
Posted: 05/09/2018
More than a quarter (27%) of millennials would take their investment out of a company if it faced allegations of misconduct or unethical behaviour, despite it achieving high returns, versus just 9% of those aged between 55 and 64, according to statistics from Rathbone Investment Management
Posted: 04/09/2018
Britain’s buy-to-let (B2L) landlords are divided over their future due to tax and market changes, with 44% of them looking to sell and just 56% planning to keep their existing properties and extend their portfolio, according to the latest research from Octopus Choice
Posted: 04/09/2018
Those who invested in a stocks and shares ISA 15 years ago could have enjoyed gains of almost double that experienced by individuals leaving money in cash over the same period, according to the latest figures from HM Revenue & Customs (HMRC)
Posted: 03/09/2018
Savers missed out on £31.2bn of potential extra income, despite cash deposits swelling to a new record by the end of 2017, according to latest research
Posted: 31/08/2018
The number of people using ISAs has fallen to the lowest level since 2000, but the amount saved increased year-on-year to almost £70bn, according to latest governmental figures
Posted: 31/08/2018
Customers could be in line for compensation after the FSCS declared nine firms in default
Posted: 31/08/2018
Wonga Group Limited and WDFC UK Limited (Wonga), have decided to place themselves into administration
Posted: 31/08/2018
Payday lender Wonga is no longer accepting new loan applications as it faces the brink of collapsing
Posted: 30/08/2018
In Q1 2018-19, NS&I delivered £3.1bn of Net Financing and delivered £36m of value to the taxpayer in Q1
Posted: 30/08/2018
Payday lender Wonga is on the brink of collapse, according to latest reports, following a deluge of customer compensation claims
Posted: 28/08/2018
Britain’s largest banks have paid out a total of £71bn for misconduct in the decade since the financial crisis, according to the Mail on Sunday
Posted: 28/08/2018
A total of £2 out of every £3 was stopped in attempted fraud last year
Posted: 22/08/2018
Cryptocurrency fraud has led to a total of £2m worth of losses this summer, according to latest figures published by Action Fraud
Posted: 21/08/18
Eighty-one per cent of consumers aged 55 or over feel they could take out an equity release plan without the help of a financial adviser, according to a new survey
Posted: 21/08/18
Brits have now fallen behind on bills, to the tune of £18.9bn, according to a new Citizens Advice report
Posted: 21/08/18
Sixty-two per cent of savers would prefer their savings, including their pensions, invested in assets that take climate change impacts into account, according to new research by ClientEarth
Posted: 20/08/2018
The Retail Asset Management Awards 2019 is now open for entries
Posted: 17/08/2018
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
Posted: 16/08/2018
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=
Posted: 08/08/2018
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
Posted: 07/08/2018
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
Posted: 06/08/2018
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
Posted: 03/08/2018
The Bank of England has hiked its interest rates from 0.5% to 0.75%, only the second rise since 2009
Posted: 02/08/2018
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
Posted: 26/07/2018
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
Posted: 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
Posted: 25/07/2018
Flexibility is the number one priority for retirees when it comes to managing their savings, Aegon has found
Posted: 10/07/2018
A Financial Conduct Authority (FCA) working group has made five recommendations regarding the consistent and standardised disclosure of costs and charges to investors
Posted: 06/07/2018
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
Posted: 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
Posted: 04/07/2018
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
Posted: 03/07/2018
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
Posted: 02/07/2018
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
Posted: 29/06/2018
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
Posted: 25/06/2018
The banking sector has emerged with the best defined benefit pension deficit in the FTSE 100, research from Barnett Waddingham has found
Posted: 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
Posted: 21/06/2018
Just a few days remain to enter the MoneyAge Awards 2018
Posted: 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
Posted: 19/06/2018
The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn
Posted: 19/06/2018
Nine out of ten workers are ‘financially sleepwalking’ into retirement, new research has revealed
Posted: 19/06/2018
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
Posted: 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
Posted: 15/06/2018
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
Posted: 12/06/2018
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
Posted: 08/06/2018
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
Posted: 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
Posted: 06/06/2018
US Bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group (LBG)
Posted: 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
Posted: 05/06/2018
The owner of Clydesdale and Yorkshire Banks CYBG has made a revised offer to merge with Virgin Money and form a challenger worth £4bn
Posted: 04/06/2018
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
Posted: 29/05/2018
City analysts yesterday dubbed the suggested merger between Barclays and Asian-focused bank Standard Charter “far-fetched”, stating that shareholders would be “horrified”
Posted: 24/05/2018
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)
Posted: 21/05/2018
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
Posted: 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
Posted: 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
Posted: 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
Posted: 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
Posted: 17/05/2018
One in five financial institutions is considering trading cryptocurrencies within the next 12 months, according to a survey recently published by Thomson Reuters
Posted: 15/05/2018
ESG investing is becoming a key part of clients’ investment decisions, according to findings from Royal London Asset Management’s annual investment conference
Posted: 14/05/2018
The owner of property website Zoopla and comparison site Uswitch has agreed to be bought by a US private equity firm
Posted: 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
Posted: 11/05/2018
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%
Posted: 09/05/2018
A well-known FTSE chairman has received criticism from investors after three companies that he currently chairs have fallen into trouble
Posted: 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
Posted: 09/05/2018
The owner of Clydesdale and Yorkshire Bank CYBG has approached Virgin Money with a proposed full-share takeover, valuing the firm at £1.6bn
Posted: 08/05/2018
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
Posted: 03/05/2018
Aviva has announced that it will commence a share buy-back of its ordinary shares for up to a maximum aggregate consideration of £600m
Posted: 01/05/2018
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
Posted: 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
Posted: 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
Posted: 30/04/2018
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
Posted: 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”
Posted: 27/04/2018
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
Posted: 25/04/2018
The UK’s top share index rose yesterday as a rise in bond yields lifted financials and an appetite for risk returned
Posted: 24/04/2018
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
Posted: 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
Posted: 23/04/2018
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
Posted: 19/04/2018
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
Posted: 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
Posted: 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
Posted: 17/04/2018
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
Posted: 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
Posted: 16/04/2018
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
Posted: 12/04/2018
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
Posted: 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
Posted: 11/04/2018
HMRC is currently in the process of investigating 129 footballers over £250m worth of investments in a tax avoidance scheme, according to The Mirror
Posted: 10/04/2018
After a “vibrant” 2017 for the bulk annuity market, expectations for 2018 are high with transactions potentially reaching £30bn, according to Aon
Posted: 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
Posted: 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
Posted: 09/04/2018
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
Posted: 05/04/2018
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
Posted: 04/04/2018
SimplyBiz has completed its £130m listing on the London Stock Exchange, raising £65m
Posted: 04/04/2018
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
Posted: 03/04/2018
Young people should receive a "minimum inheritance" package of £10,000 when they turn 25, a think-tank has said
Posted: 03/04/2018
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
Posted: 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
Posted: 28/03/2018
Debt on UK credit cards is growing at the quickest rate recorded in the past 12 years, according to the figures published by UK Finance
Posted: 28/03/2018
Twitter has become the latest social media platform to disallow advertising relating to cryptocurrency on its webpage, resulting in Bitcoin’s value plummeting below $8,000
Posted: 28/03/2018
Purchases of investment companies by advisers and wealth managers on adviser platforms in 2017 reached a record £990m, according to latest research published from the AIC using Matrix Financial Clarity
Posted: 27/03/2018
London and New York remain at the top of the global financial centre rankings and the gap between them in ratings closed to one point on a scale of 1,000
Posted: 26/03/2018
Companies that have passed RLAM’s sustainable investment criteria returned 10.2% per annum over the past five years, a total of 62.1%, compared to a 9.5% annual return from the FTSE 100, according to analysis by Royal London Asset Management, which suggests that “investing sustainably can outperform the market”
Posted: 26/03/2018
Interest rates are set to hit 2% by 2021, Bank of England policymaker Gertjan Vlieghe has warned
Posted: 26/03/2018
The Bank of England left interest rates unchanged today at 0.5%, but two committee members broke consensus and voted for an immediate rise to 0.75%
Posted: 22/03/2018
deVere Group has opposed Twitter chief executive Jack Dorsey by stating that “Bitcoin will not become the world’s sole currency in 10 years”
Posted: 22/03/2018
Credit card and loan debt is preventing more than one in five over-65s from enjoying retirement as they struggle to maintain their standard of living with one in seven (14%) relying on credit cards to boost their income in retirement, new research from over-55s financial specialist Key Retirement shows
Posted: 22/03/2018
January 2018 saw a growth in the consumer finance new business market, with an increase of 12 per cent compared to the same month last year, according to the Finance & Leasing Association (FLA), resulting in a recorded £8,212m being lent
Posted: 21/03/2018
A group made up of M&G Prudential, Invesco, GAM, Blackrock, Legal & General and Eden Tree have clashed with Aviva over its plan to cancel £450m of preference shares, many of which are owned by pensioners
Posted: 21/03/2018
Collectively, UK households will need to spend an additional £21.2bn to maintain the current standard of living for the next year, according to Retirement Advantage
Posted: 20/03/2018
Hargreaves Lansdown (HL) has won a challenge presented to HMRC over “discount tax”, which saw around 150,000 investors receiving at least £15m back after being taxed on their annual management fees, known as loyalty bonuses, since March 2013
Posted: 20/03/2018
Schroders chief executive Peter Harrison saw his total pay packet jump by 12% last year
Posted: 19/03/2018
Capita is expected to strip its former boss Andy Parker of an £845,000 cash bonus
Posted: 19/03/2018
Large numbers of householders may be “in too deep” with their borrowing, FCA director of supervision Jonathan Davidson said
Posted: 19/03/2018
Banks and card companies prevented £1,458.60m in unauthorised financial fraud last year, equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, latest data from UK Finance has shown
Posted: 19/03/2018
The UK banking system could continue to support the real economy through a disorderly Brexit, the Bank of England has said
Posted: 16/03/2018
Onesavings Bank announced a 21 per cent full-year pre-tax profit yesterday achieving £167.7m, beating its 2017 forecast of £162.8m and crushing its 2016 profit of £138.2m
Posted: 16/03/2018
The bulk annuity market could hit £30bn in 2018 as providers overcome the “missed opportunities” of 2017, Aon has said
Posted: 16/03/2018
Downing Street has signalled a retreat in the face of a public backlash around its plans to scrap 1p and 2p coins
Posted: 15/03/2018
Signs are emerging that the Treasury is considering the withdrawal of 1ps, 2ps and the £50 note
Posted: 14/03/2018
Best buy ISA rates have fallen by up to 61% since the introduction of the Funding for Lending Scheme in July 2012, according to Savings Champion
Posted: 14/03/2018
Rothesay Life is to purchase a £12bn annuity portfolio from Prudential, covering around 400,000 policyholders, in the largest transaction of its type in the UK
Posted: 14/03/2018
UK borrowing is forecast to be £45.2bn this year, £4.7bn lower than forecast last November and the country has experienced its first sustained fall in debt for 17 years, Chancellor Philip Hammond has said
Posted: 13/03/2018
Barclays Bank issued £22.2m worth of shares to its senior executives yesterday, despite not hitting their profit expectations and posting a loss of £1.9bn in 2017
Posted: 13/01/2018
The total amount of equity release by homeowners so far in 2018 is more than double (132%) the total amount released during the same period in 2017, according to equity release provider Responsible Equity Release
Posted: 13/03/2018
Six in ten people without any exposure to cryptocurrencies would consider introducing cryptocurrencies, such as Bitcoin, into their investment portfolio, revealed a global poll
Posted: 13/03/2018
The head of Beaufort Securities, Tanvier Malik, has claimed he injected more cash into the broker just days before it was shut down by the FCA over growing concerns it was insolvent
Posted: 12/03/2018
NS&I have today announced an increase of their Junior ISA interest rates by 25 basis points to 2.50% tax-free
Posted: 12/03/2018
Capita is planning a £700m asset sale as part of a balance sheet shake-up
Posted: 12/03/2018
AJ Bell yesterday announced that it has appointed Numis Securities to explore an IPO on the primary market of the London Stock Exchange, with a float estimated to be “upwards of £500m”, according to the firm
Posted: 12/03/2018
Yesterday Chancellor Philip Hammond said there was a “light at the end of the tunnel” for the UK’s public finances, but indicated that he will not be making adjustments to the fiscal regime
Posted: 12/03/2017
The pensions and asset management industry has been "tarred with the brush of the financial services industry", leading to a lack of trust among the public, SCM Direct co-founder and transparency and ethics activist Gina Miller has claimed
Posted: 09/03/2018
2018 is set to be “year one” of a new post financial crisis era, as growing profits from the UK’s largest banks will absorb the economic and political shocks from 2018, according to top ratings agency, S&P Global Ratings
Posted: 09/03/2018
Shadow chancellor John McDonnell has slammed Chancellor Philip Hammond’s speech on the financial services industry, arguing that this priority was to protect financial services, rather than ensuring a good deal for every sector
Posted: 09/03/2018
Sin stocks such as tobacco are increasingly posing potential regulatory risks to pension scheme portfolios, it has been noted
Posted: 08/03/2018
The assertion that financial services cannot be part of a free trade agreement between the UK and the EU post-Brexit must be challenged, Chancellor Philip Hammond has said, highlighting that it is not a “zero-sum game, where any loss of market share in London is automatically a gain to another EU Capital"
Posted: 08/03/2018
Lloyds TSB agreed to “remove” £800,000 of fees due to be paid to PwC from its 2008 accounts in order to avoid breaching internal rules governing auditor independence, according to documents revealed in a High Court battle
Posted: 08/03/2018
Fully investing the maximum ISA allowance (£186,560) with a lump sum investment each year in the average investment company since ISAs were introduced in 1999 would have grown to £436,894 by the end of February 2018, research from the Association of Investment Companies has shown
Posted: 07/03/2018
Hermes Investment Management has recognised that to close its gender pay gap of 30.2%, it needs to “increase senior female representation across the firm”
Posted: 06/03/2018
NS&I is cutting the rate on its 3-year guaranteed growth bonds from 2.2% to 1.95%, and the rate on its 3-year guaranteed income bonds from 2.15% to 1.9% on 10 April 2018
Posted: 06/03/2018
A radical simplification of the UK’s ISA framework should be implemented as soon as possible, a Committee comprising MPs and industry experts has said
Posted: 06/03/2018
Two friends lost more than £650,000 of their retirement pots as a result of the recommendations given by their financial adviser, who has now liquidated his firm, Knightsbridge Financial Management, and set up a new business, Knightsbridge Personal & Corporate Solutions.
Posted: 05/03/2018
Investors are set to be paid £34m in compensation from asset managers overcharging them for investment funds, with another asset manager being pursued by the FCA
Posted: 05/03/2018
“Welcome news for savers with cash in the bank can be a warning of challenges ahead for shares and bonds”, SVM Asset Management has reported
Posted: 02/03/2018
Cryptocurrencies are “failing” in fulfilling the roles of money, Bank of England governor Mark Carney has stated
Posted: 02/03/2018
The Competition and Markets Authority has published a working paper on its investigation into investment consultants’ fees and quality, finding that information on fees for trustees is “limited”
Posted: 02/03/2018
The MoneyAge website has been re-designed ensuring all our readers have a smoother news experience
Posted: 01/03/2018
“There have been some real barriers to women investing”, SavvyWoman founder, Sarah Pennells, has said at a roundtable in London this week
Posted: 28/02/2018
Three warnings have been issued around the failure to meet the LISA transfer deadline
Posted: 27/02/2018
UK savers would be £46bn richer today if they had invested in stocks and shares ISAs rather than cash ISAs, suggests data compiled by UBS Smartwealth following Freedom of Information requests
Posted: 27/02/2018
AJ Bell has held a beauty parade of investment bankers in the last few weeks to prepare for an initial public offering (IPO), Sky News has reported.
Posted: 22/02/2018
Standard Life Aberdeen is to sell its insurance business to Phoenix Group in a £3.2bn deal
Posted: 23/02/2018
UK GDP growth rose by just 0.4% in the fourth quarter of 2017, 0.1 percentage points down from its first estimate, according to the Office for National Statistics
Posted: 23/02/2018
Those on volatile incomes , such as zero-hour contracts or in part-time work, are five times more likely to turn to high-cost credit products such as rent to own and doorstep lending, Citizens Advice has recently found
Posted: 23/02/2018
The UK’s new open banking initiative may provide a £1bn boost to the economy, according to a new study from the Centre for Economics and Business Research (CEBR) and Trustpilot
Posted: 26/02/2018
During the period leading up to the implementation of MiFID II last month, Adviser Rankings found that brokers specialising in the mid-cap space experienced the fastest growth in clients
Posted: 26/02/2018
Credit card spending in January 2018 was 5.8% higher than what it was in January 2017, UK Finance has found. However, due to higher repayment levels, the pace of borrowing saw a minor change with an annual growth of 4.8%
Posted: 26/02/2018
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area
Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.
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