Latest News

AJ Bell grows platform AUA and customer numbers to new records


By Michael Griffiths

AJ Bell has reported a 22% annual jump in assets under administration (AUA) to a record £86.5bn in its full-year results.

The investment platform also grew its customer numbers by 66,000 in the year to 30 September, to close at a record 542,000, a figure up 14% in the year


Story 2

Inflation falls to 1.7% in September

Inflation has fallen below the 2% target set by the Bank of England (BoE) in the year to September to 1.7%, the Office for National Statistics (ONS) has revealed

Story 3

Annual house price growth climbs to 2.8%

Annual house price growth rose to 2.8% in the year to August, according to the latest UK House Price Index published by the Land Registry

Story 4

Mortgage Awards entry deadline approaching

The deadline for entries into the Mortgage Awards 2025 is approaching and firms are encouraged to get their entries in by 31 October

Credit unions beat high street banks in customer satisfaction

Credit unions have achieved the highest overall satisfaction rating from customers, ahead of mainstream banks and building societies, Smart Money People has found

Budget must include help to buy style scheme, Just Mortgages says

The upcoming Budget must include a replacement for the help to buy scheme to support first-time buyers joining the property ladder, Just Mortgages has said
Financial advisers optimistic despite wealth transfer concerns

Financial advisers remain confident about their growth prospects despite concerns about the impending “great wealth transfer”, according to analysis from Natixis Investment Managers (IM)

Mortgage product choice improves in October

Overall product choice across the mortgage market has jumped to 6,645 options in October, the first rise since July, according to new Moneyfacts data

View More News

Categories

IHT receipts continue to rise year-on-year in August

Inheritance tax (IHT) receipts collected between April and August 2024 increased by £300m year-on-year, with the total collected for the year reaching £3.5bn, HMRC has revealed

Evelyn Partners warns of unexpected IHT bills

There has been a rise in the number of families receiving inheritance tax (IHT) bills after death on gifts made during the deceased’s lifetime, leading to Evelyn Partners issuing a warning to those who may be set to receive financial gifts from relatives in the future

IHT receipts rise by £200m year-on-year in July

Inheritance tax (IHT) receipts have increased by £200m year-on-year in July, taking the amount collected in IHT to £2.8bn in the current financial year

Rapid rise in number of people paying dividend tax, FOI reveals

The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has indicated

Over one in eight adults lose money to scams in past year

Over one in eight (12%) UK adults have fallen victim to a financial scam in the past year, equating to 6.2 million people, WEALTH has found

TSB fined £10.9m over treatment of customers

The Financial Conduct Authority (FCA) has fined TSB Bank £10.9m for failing to ensure that customers who were in arrears were treated fairly

Changing funder policies makes work harder for brokers, Asset Advantage reveals

Over a quarter (27%) of brokers frequently encounter difficulties in securing funding for their clients due to changes in funder policies, Asset Advantage has found

Banks given new powers to tackle threat of fraud

Banks will be allowed to extend the maximum delay for payments they deem suspicious as part of new powers to protect consumers against scams

Credit unions beat high street banks in customer satisfaction

Credit unions have achieved the highest overall satisfaction rating from customers, ahead of mainstream banks and building societies, Smart Money People has found

Credit card balances up 7.6% on last year – UK Finance

Outstanding balances on credit card accounts increased by 7.6% over the year to July, new figures published by UK Finance have shown

UK savers miss out on £20bn by not saving with building societies

The UK population missed out on an additional £20bn in 2023 by keeping their savings with a high street bank rather than a building society, Yorkshire Building Society has found

Anxiety around finances stopping over-55s spending, study finds

A fear of running out of money is preventing over-55s from buying things they need, new research from Oxford Risk has indicated

UK on ‘brink of retirement crisis’, Barnett Waddingham says

The UK is on the "brink of a retirement crisis", with just 15% of UK workers setting clear financial goals and budgets for retirement, Barnett Waddingham has revealed

Michelin Pension and Life Assurance Plan agrees £1.5bn buy-in with Aviva

The Michelin Pension and Life Assurance Plan has agreed a £1.5bn full-scheme buy-in with Aviva, covering the retirement benefits of around 15,000 members of the scheme

Half of UK adults expect to support parents financially in retirement

Over half (55%) of UK adults with living parents are currently supporting or expect to support their parents financially in their retirement, Aegon has found

38% of millennials to rely on parents’ pension pot in retirement

Thirty-eight per cent of British millennials are relying on money from their parents to help fund their own retirement pot, Moneyfarm has revealed

Financial advisers optimistic despite wealth transfer concerns

Financial advisers remain confident about their growth prospects despite concerns about the impending “great wealth transfer”, according to analysis from Natixis Investment Managers (IM)

AJ Bell grows platform AUA and customer numbers to new records

AJ Bell has reported a 22% annual jump in assets under administration (AUA) to a record £86.5bn in its full-year results. The investment platform also grew its customer numbers by 66,000 in the year to 30 September, to close at a record 542,000, a figure up 14% in the year

Inflation falls to 1.7% in September

Inflation has fallen below the 2% target set by the Bank of England (BoE) in the year to September to 1.7%, the Office for National Statistics (ONS) has revealed

Budget speculation driving financial advice, Rathbones finds

Concerns about the impact of tax changes in the Autumn Budget have led to more people seeking financial advice, Rathbones has found

Experian partners with behavioural biometrics specialist Sardine

Experian has announced a new partnership with Sardine, a firm specialising in behavioural biometrics and device intelligence-based fraud prevention

Dynamic Planner integrates with Adviser Cloud

Digital advice platform Dynamic Planner has announced a new CRM integration with Adviser Cloud

Three in five FS decision makers say firms are tech risk averse

Almost three in five (59%) senior decision makers at UK financial services (FS) firms have said that their firm’s attitude to adoption and application of new technologies is risk averse, Consulting by Davies has found

Report highlights generational divide on advisers’ views on tech

There is a generation divide on advisers’ views on technology and social media, a report from Wealthtime has highlighted, although it found alignment on the importance of service and human connection

Bank of Ceylon partners with Sikoia

Sikoia has announced a strategic partnership with the UK-based subsidiary of Sri Lanka’s largest bank, Bank of Ceylon (BOC)

News in brief - 17 October 2024

Today's round up of developments coming out of the consumer finance space, featuring Landbay, Hanley Economic Building Society and United Trust Bank Mortgages

National Friendly appointed to Right DA Club's insurance panel

The Right DA Club has added protection and private medical insurance (PMI) provider, National Friendly, to its insurance panel

News in brief - 16 October 2024

Today's round up of developments coming out of the consumer finance space, featuring Accord Mortgages, LEXI Finance and Lloyds

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

BLOG: What You Need to Know About Portfolio Landlords in 2024

Portfolio landlords – those with four or more properties - are the backbone of the private rented sector. Our latest report, Portfolio Landlord 2024, looked into who these landlords are, how they feel about their property business and their plans for expansion

BLOG: Understanding Open Banking: How Pulse Makes Financial Management Easier for Your Business

Pulse discusses how their innovative dashboard makes use of Open Banking to help businesses manage their finances and obtain the funding they need securely

BLOG: Navigating value creation in private equity today

Neuberger Berman discusses the value of private equity in the latest post on the MoneyAge blog...

Check out our latest advertorials

Later Life Lending

BANNER

Introducing our Innovative Later Life Lending Navigator Tool

Reinventing retirement

Why Advisers may be missing out on Equity Release market opportunities

View More Advertorials

Latest videos

View More Videos

BANNER

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

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

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


© 2019 Perspective Publishing     Privacy & Cookies