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Number of first-time buyers hits highest number since 2006

The number of first-time buyers annually increased by 7.4% from 340,000 in 2016 to 365,000 in 2017, according to latest figures published by UK Finance

SFO slaps further charges on Barclays in Qatar capital raising case

The Serious Fraud Office has today charged Barclays Bank with unlawful financial assistance contrary to s151(1) and (3) of the Companies Act 1985

3 million couples set for ‘multi-billion pound windfall’

Three point three million cohabiting couples could be set for a multi-billion pound boost as a result of legislation currently being considered by MPs, according to mutual insurer Royal London

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Scottish Widows cuts Standard Life Aberdeen of £109bn portfolio

Scottish Widows and Lloyd’s Banking Group's wealth businesses have terminated over £100bn worth of partnership agreements with Standard Life Aberdeen

FCA warns advisers to steer clear of ‘commoditised approach’ around pension transfers

The FCA is to collect data from all firms who hold the pension transfer permission with a view to assessing practices across the market, the regulator’s director of supervision Megan Butler has said

News in brief 15 February

7IM launches retirement planning service, new Innovative Finance ISA launched; and more...

Organised criminals target solicitors during property buys

Solicitors are being targeted by organised criminals during property purchases as it emerged red flags over home transactions surged 66% in two years, according to anti-money laundering and big data specialists Fortytwo Data

Rising gilt yields see PPF 7800 deficit more than half

Rising gilt yields causing a fall in liabilities has helped the PPF 7800 deficit to fall by more than half over January, the Pension Protection Fund has revealed

Convicted illegal money lender sentenced to three and a half years imprisonment

Illegal money lender, Dharam Prakash Gopee, has been sentenced to three and a half years imprisonment by a Judge in Southwark Crown Court after guilty verdicts for offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000

UK’s personal tax system lacking property benefits in marriage, expert says

The UK’s personal tax system has a number of inconsistencies when it comes to promoting the institution of marriage, Blick Rothenberg accounting, tax and advisory practice partner Nimesh Shah said