Latest News

Equity release lending set to hit record high


By Adam Cadle

Homeowners are set to access more than £4bn of property wealth this year via equity release for the first time on record, new figures published by the Equity Release Council have revealed


Story 2

HSBC’s profits rise by 74%

HSBC’s profits rose by 74% in Q3 due to economic stability

Story 3

Buy-now, pay-later debt bubble surpasses £4bn

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

Story 4

Nearly half of all savers now have enough cash to last six months - research

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

National Credit Awards 2021 – winners announced

The winners of the National Credit Awards 2021 were announced last night at a gala ceremony in London

FCA pushes forward with LTAF investment proposals

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
Significant majority of mortgage lenders lending to applicants with non-standard financial circumstances

Despite ongoing consumer concerns that only borrowers with straightforward incomes and perfect credit histories can access mortgage lending, latest research published today from the Intermediary Mortgage Lenders Association (IMLA), has found that a significant majority of mortgage lenders will lend to applicants with non-standard financial circumstances

Fleet Mortgages launches first full product range funded by Starling Bank

Fleet Mortgages has launched its first full buy-to-let product range funded by its new parent, Starling Bank

View More News

Categories

HMRC reports rise in IHT receipts

Receipts for inheritance tax (IHT) between April and September this year totalled £3.1bn, new HMRC figures have revealed

IHT change tops list of pension investor concerns, study finds

A change to inheritance tax (IHT) treatment of pensions is topping the list of concerns among pension investors ahead of the Chancellor’s Autumn Budget next week

Three quarters of people have taken no action to reduce IHT liability

Almost three-quarters (74%) of UK adults have not taken any steps to reduce their inheritance tax (IHT) liability, a new study has found

Govt’s record tax intake to hit highest sustained level in peacetime – IFS

This year’s announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime, a report from the Institute for Fiscal Studies (IFS) has highlighted, with spending to settle at 42% of national income

FCA issues new remote working guidance to financial services sector

The FCA has issued new guidance to firms across the financial services sector who are operating a remote or hybrid working model

NatWest pleads guilty to money laundering charges

NatWest has today entered guilty pleas to criminal charges brought by the FCA under the Money Laundering Regulations 2007 (MLR 2007)

Regulators outline new value for money framework for DC pension schemes

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have outlined a new framework for measuring value for money in defined contribution (DC) pension schemes

FCA publishes new plans to tackle consumer investment harm

The FCA has unveiled a new strategy to tackle consumer investment harm and confirmed it will publish metrics to assess whether the new plans are being met

HSBC’s profits rise by 74%

HSBC’s profits rose by 74% in Q3 due to economic stability

Atom Bank completes £367m RMBS

Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m

Almost 700,000 over-75s do not have a will – Just Group

More than one in 10 people (12%) over the age of 75, a figure equating to around 695,000 people, have not yet made a will, new research has found

One in 10 over-55s no longer planning to pass on wealth to children

One in ten (10%) UK parents over 55 are no longer planning to pass on wealth to their children after realising how much their cost of care in the future could be, new research from Killik & Co has found

UK state pension to increase by 3.1% next year

The UK state pension is set to increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure published today by the Office for National Statistics (ONS)

One in four adults have at least one pension pot under £5k

More than a quarter of adults (26%) have at least one pension pot of less than £5,000, while 15% do not know if they have one or not, a new Aegon study has found

Largest UK pension schemes failing to act on climate change, campaign warns

The majority of large UK pension schemes have failed to act on climate ahead of COP26, according to research from Make My Money Matter, with 71 of 100 major schemes yet to make robust net zero commitments

‘Cost’ of pensions tax relief rises to £41.3bn; industry warns against Budget raid

The cost of pensions tax relief increased by £4.4bn to £41.3bn between 2017/18 and 2019/20, figures from HMRC have revealed

FCA pushes forward with LTAF investment proposals

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

Buy-now, pay-later debt bubble surpasses £4bn

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

Nearly half of all savers now have enough cash to last six months - research

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

Independent Wealth Planners acquires Acuity Wealth Management

Independent Wealth Planners (IWP) has announced the acquisition of financial planning firm, Acuity Wealth Management (AWM)

Leeds Building Society added to Mortgage Brain’s submissions platform

Leeds Building Society has become the latest lender to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain

OMS completes API integration with West One

One Mortgage System (OMS) has completed a full application programming interface (API) integration with West One Loans for its second charge business

Hinckley & Rugby goes live on Mortgage Brain platform

Hinckley & Rugby Building Society has become the first regional society to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain

Subscription loan provider Creditspring launches credit builder product

Subscription loan provider, Creditspring, has launched a new credit builder product that helps members gradually improve their credit score without running the risk of incurring further debt.

National Credit Awards 2021 – winners announced

The winners of the National Credit Awards 2021 were announced last night at a gala ceremony in London

L&G Mortgage Club confirms product launch with Melton Building Society

Legal & General Mortgage Club has announced a new product launch with Melton Building Society

LiveMore Capital partners with Blueberry Specialist Lending

LiveMore Capital has announced a new partnership with specialist broker group, Blueberry Specialist Lending

Cambridge Building Society relaunches ‘top slicing’ for BTL mortgages

Cambridge Building Society has relaunched its buy-to-let (BTL) ‘top slicing’ proposition, enabling landlords to top up rental shortfall from other earnings

BLOG: Fintech, the future of specialist underwriting and product choice for your client

Mark Whitear, Head of Commercial Development, Foundation Home Loans, discusses the role that fintech can play in the future of specialist underwriting

BLOG: Top 7 Reasons to Use a Mortgage Broker

Gerard Boon, Managing Partner at Boon Brokers, discusses his top reasons for why potential homebuyers should look to use a mortgage broker

BLOG: Making Net Zero an attainable goal for SMEs

Ralph Hora, Pemberton Head of Business Development for Germany, Austria and Switzerland (DACH) and Chair of the Pemberton ESG Working Group, explains Pemberton’s approach to Net Zero and how the firm works with its portfolio companies to mutual benefit

BLOG: Five lessons we've learned from sustainable bond investing

TwentyFour Asset Management launched its first sustainable fund in January 2020 and I would like to share some of the lessons we have learned from our first year of sustainable bond investing

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

Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.

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