Latest News

Govt urged to include financial scams in Online Safety Bill


By Michael Griffiths

A coalition of 17 organisations has written a joint letter to the Home Secretary and Digital Secretary urging the government to include online scams in its proposed Online Safety Bill.

The letter, addressed to Priti Patel and Oliver Dowden, suggests that existing regulatory frameworks “do not reflect the extent or urgency” of the threat of financial crime


Story 2

BoE’s base interest rate stays at 0.1%

The Bank of England (BoE) has confirmed that its base interest rate is to remain at 0.1%

Story 3

Remortgage instructions jump 17% in March

March saw a 17.2% increase in instruction volumes across the remortgage market, the latest LMS Monthly Remortgage Snapshot has revealed

Story 4

CIOT welcomes govt’s VAT repayment change but concerns remain

The Chartered Institute of Taxation (CIOT) has welcomed the government’s decision to amend the current Finance Bill to pay interest to businesses where VAT repayments are delayed due to an enquiry by the tax authority

Twenty7Tec reports 12 busiest days for 95% LTV ESIS documents

Twenty7Tec has reported that its 12 busiest ever days for ESIS documents for 95% LTV and above products were recorded in April

Knowledge Bank reveals trend in ‘soft footprint’ criteria searches

“Soft footprint at DIP stage” was the most searched criteria term by brokers in the residential market during April, according to new research from Knowledge Bank
Quilter offers free mental health talks to financial advisers

Quilter has announced it will offer free mental health talks for financial advisers to mark Mental Health Awareness Week

Sapien Capital fined for financial crime control failings

Sapien Capital has been fined £178,000 by the FCA for failings which led to the risk of facilitating fraudulent trading and money laundering

View More News

Categories

CIOT welcomes govt’s VAT repayment change but concerns remain

The Chartered Institute of Taxation (CIOT) has welcomed the government’s decision to amend the current Finance Bill to pay interest to businesses where VAT repayments are delayed due to an enquiry by the tax authority

Retirees could earn £32k in tax free income this year

Someone entering into retirement can now draw a minimum of £32,870 a year across a range of different investments before paying any income tax, according to new calculations from Quilter

Advisers drawn to IHT benefit of AIM investments

More than half of advisers (54%) would cite the Inheritance Tax (IHT) benefit that Alternative Investment Market (AIM) investments can offer as one of the most important factors in their investment, new research has revealed

Retired households taking 14% tax hit

Retired households are losing around 14% of their income a year to direct taxes, according to new analysis from Key

Sapien Capital fined for financial crime control failings

Sapien Capital has been fined £178,000 by the FCA for failings which led to the risk of facilitating fraudulent trading and money laundering

FCA sets out proposals for promotion rules on high-risk investments

The FCA has published proposals to strengthen its financial promotion rules for high-risk investments, to help retail investors make more effective decisions

TPR's 'vague' criminal sanction powers leaving industry concerned

The pension industry has again called for further clarity from The Pensions Regulator (TPR) regarding its new criminal sanction powers, arguing that the policy will create “very problematic consequences”

Financial adviser banned and fined by FCA for ‘lacking honesty and integrity’

A financial adviser has been banned and fined £68,300 by the FCA for “lacking honesty and integrity”

Govt urged to include financial scams in Online Safety Bill

A coalition of 17 organisations has written a joint letter to the Home Secretary and Digital Secretary urging the government to include online scams in its proposed Online Safety Bill. The letter, addressed to Priti Patel and Oliver Dowden, suggests that existing regulatory frameworks “do not reflect the extent or urgency” of the threat of financial crime

BoE’s base interest rate stays at 0.1%

The Bank of England (BoE) has confirmed that its base interest rate is to remain at 0.1%

Treasury launches new scheme to tackle problem debt

People struggling with debt problems will be supported through a new debt respite scheme that has been launched by the Treasury today

UK Finance announces new process for APP scam ‘no blame’ cases

UK Finance has called for cross-sector collaboration to stop authorised push payment (APP) scams, after announcing a change to the process of reimbursing ‘no blame’ cases under the voluntary industry code

Multi-jobbers losing out on £76m a year in pension contributions

Workers on the lowest salaries with more than one job are losing out on £76m a year in employer pension contributions due to an “unfair” system, according to a new study from Scottish Widows

FTSE 350 pension scheme deficits fall in April

The FTSE 350 pension scheme deficits fell in April as the UK started to emerge from its national lockdown, the latest Pensions Risk Survey from Mercer has revealed

Rise in pension savers with multiple pots

The number of people with multiple pension pots has climbed by 11% in the last five years, new research from Aegon has revealed

First quarter sees £2.6bn withdrawn flexibly from pensions

The first three months of 2021 have seen £2.6bn withdrawn from pensions flexibly, according to new HMRC data

Redwood assists complex 91-property acquisition

Redwood Bank has announced it has successfully completed a loan to assist the complex acquisition of 91 properties

IWP acquires Professional Wealth Management

Independent Wealth Planners (IWP) has confirmed the purchase of Professional Wealth Management (PWM)

Pandemic fuels growth in building society product usage

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

Aspen completes complex deal with desktop valuation

Aspen Bridging has announced the completion of a deal for a complex mixed commercial in London using a desktop valuation

Twenty7Tec rolls out Halifax Intermediaries integration

Twenty7Tec has announced that Halifax Intermediaries has been added to its APPLY module

Hampshire Trust Bank to implement DPR’s savings solution

Banking software provider, DPR, has secured Hampshire Trust Bank (HTB) as the latest lender set to adopt its savings solution for origination and servicing

Iress and more2life launch real-time equity release KFIs

Iress and more2life have have announced they are extending their integration to launch real-time equity release KFIs

Smartr365 adds voice assistant to broker retention tool

Smartr365 has added voice assistant and smart device integrations to its broker retention tool, SmartrRetain

Quilter offers free mental health talks to financial advisers

Quilter has announced it will offer free mental health talks for financial advisers to mark Mental Health Awareness Week

SimplyBiz unveils new online protection hub

SimplyBiz has announced the launch of a new online protection hub

Vida adds limited edition residential options at 85% LTV

Vida Homeloans has announced it is introducing limited edition 85% LTV two and five-year fixed rates to its Vida 1 residential range

Saffron launches partnership with Brilliant Solutions

Saffron Building Society has announced the launch of a new partnership with the Brilliant Solutions Mortgage Club

BLOG: ESG pensions made simple

ESG pensions made simple: “Impartial, whole of market ESG pension advice for no more than 0.92% per year including advice, platform and fund charges”

BLOG: 6 ways open banking will reshape the lending landscape in the UK

Yolt Technology Services explores how open banking will reshape the lending landscape in the UK

BLOG: Housing equity: a long-term care funding solution for the future?

Pure Retirement CEO, Paul Carter, explores the role that housing equity can play in providing long-term care for the over-50s

BLOG: Customised Accounts – Making Private Equity Bespoke

Neuberger Berman’s Joana Rocha Scaff discusses the key advantages of tailoring bespoke custom accounts for clients in the private equity market

Check out our latest advertorials

A vast untapped opportunity to speed up mortgage onboarding and grow your business

How open banking technology can help businesses access government loans

View More Advertorials

Latest videos

View More Videos
Mortgage Insider Series 2 Episode 4: Understanding the first-time buyer
Listen to our latest episode where we discuss first time buyer experiences and changing mind-sets. We hear from recent first time buyers about the struggles they’ve experienced, and chat to Habito founder Daniel Hegarty and That Property Guy Kyle Mattison about how they bridge the communication gap. Make money work for you.

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