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MoneyAge Awards 2019 – winners announced


By Adam Cadle

The winners of the MoneyAge Awards 2019 were announced last night at a gala ceremony in London.

Comedian Paul McCaffrey presented the awards to hundreds of personal finance specialists at The Waldorf Hilton, London


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TMA tells advisers to act now for SMCR deadline

Mortgage advisers looking to ensure that their firm is compliant with the upcoming Senior Managers & Certification Regime (SMCR) need to complete any final preparations now, according to TMA

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FCA hands Tullett Prebon £15.4m fine

Tullett Prebon has been fined £15.4m by the FCA for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems, and for failing to be open and cooperative

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OTS urges Treasury to conduct radical pension tax review

The Office of Tax Simplification (OTS) has urged the Treasury to review a series of complex pension tax measures, in a latest report, with the impact of the money purchase annual allowance (MPAA), annual allowance and lifetime allowance all under the microscope

BTL advice can be for all, specialist lender representatives argue

While the BTL market is moving in a more specialist direction, it should not necessarily preclude advisers from being as active as possible and targeting the sector to secure greater levels of business, a panel of lender representatives has said
ISAs ‘have become too complicated’, say vast majority of advisers

Eighty-four per cent of financial advisers believe that Individual Savings Accounts (ISAs) have become unnecessarily complicated, according to a new industry survey

Lender representatives Brexit warning over right to buy changes

Potential changes from the fallout of Brexit including rental caps and the introduction of a ‘Right to Buy’ for private tenants could be devastating, according to specialist lender representatives speaking at an event in Coventry

Tax relief on pensions now worth £21.2bn, latest HMRC figures reveal

The net cost of income tax relief on pension contributions will be £21.2bn this year, new figures released by HMRC show

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Tax relief on pensions now worth £21.2bn, latest HMRC figures reveal

The net cost of income tax relief on pension contributions will be £21.2bn this year, new figures released by HMRC show

More than half of UK property exempt from transaction tax for FTBs

New research has revealed that 59% of all UK properties on sale over the last year were exempt from paying any type of transactional tax for FTBs, according to Zoopla

‘Ending tax-free pensions lump sum could fund IHT abolition’ IEA suggests

The head of the Institute of Economic Affairs (IEA) has suggested that scrapping the current tax-free pensions lump sum could be a way for the government to fund the abolition of inheritance tax (IHT).

Chancellor hints at inheritance tax reform

Chancellor Sajid Javid has said there is a “real issue” with inheritance tax, and inferred that a change to the rules could be on the cards

TMA tells advisers to act now for SMCR deadline

Mortgage advisers looking to ensure that their firm is compliant with the upcoming Senior Managers & Certification Regime (SMCR) need to complete any final preparations now, according to TMA

FCA hands Tullett Prebon £15.4m fine

Tullett Prebon has been fined £15.4m by the FCA for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems, and for failing to be open and cooperative

Remaining victims of Churchgate Trading Syndicate urged to contact FCA

The FCA has urged members of the public who lost money in an unauthorised scheme called the Churchgate Trading Syndicate to contact them, as they may be eligible to receive some of their money back

FCA investigations into cryptocurrency businesses jump 74% in 12 months

The number of live FCA investigations into cryptocurrency businesses has increased by 74% over the past year, according to Pinsent Masons

RBS appoints Alison Rose as its new chief executive

The Royal Bank of Scotland Group has named Alison Rose as its new CEO, set to take over from Ross McEwan on 1 November

Lloyds hit by £1.8bn fresh PPI costs

Lloyds Banking Group faces an extra bill of up to £1.8bn, covering claims for the mis-selling of Payment Protection Insurance (PPI)

Mobile banking needs to be more accessible for over 65s

Banks need to invest in their mobile banking channel to make it more mainstream, according to GlobalData

Personal insolvencies growth rate shows ‘few signs of slowing’

The growing number of individuals entering a personal insolvency procedure displayed “few signs of slowing” as the rolling twelve-month insolvency figure continued to rise, representing the highest second quarter figure since 2010

OTS urges Treasury to conduct radical pension tax review

The Office of Tax Simplification (OTS) has urged the Treasury to review a series of complex pension tax measures, in a latest report, with the impact of the money purchase annual allowance (MPAA), annual allowance and lifetime allowance all under the microscope

DB transfer complaints rise 44% in a year

The number of customer complaints made to the Financial Ombudsman Service (FOS) relating to defined benefit (DB) transfers rose by 44% in 2018/19 in comparison to the previous year, according to research from Duff & Phelps

‘We would support the 1950s pension women’, Labour Party says

The Opposition has responded to yesterday’s High Court decision in the state pension age case, offering to support the women affected if it were to win the next General Election

UK government writes to pensioners living in EU/EEA to guarantee payment of state pension

The UK government is writing to British pensioners living in the EU to reassure them that their state pensions will continue to be paid when the UK leaves the EU, even in the event of a no deal Brexit.

Consumer demand for new homes falls by 8%, FMB finds

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

Crystal Specialist Finance hails success in ‘complex’ bridging loan case

A myriad of inheritance and financing issues have been overcome in a “complex” bridging loan case dealt with by Crystal Specialist Finance (CSF)

ISAs ‘have become too complicated’, say vast majority of advisers

Eighty-four per cent of financial advisers believe that Individual Savings Accounts (ISAs) have become unnecessarily complicated, according to a new industry survey

SmartSearch receives new growth equity investment

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

Vida Homeloans launches Buy to Let Hub to simplify and speed up portfolio underwriting

Vida Homeloans has today announced the launch of its new Buy to Let Hub, powered by eTech, specifically designed to improve its portfolio underwriting service to brokers

New Lloyds Bank system detects fraud before it happens

The fraud team at Lloyds Bank has developed a new way to spot scams before its customers lose any money

Moving Hub and Property Jungle announce tech link-up

Conveyancing platform and case management system The Moving Hub has partnered with The Property Jungle, a provider of bespoke and template property websites

Conveyancing Association responds to digital identity consultation

The Conveyancing Association (CA) has outlined issues around ID checks in the home buying process in its response to the government’s consultation on digital identity

MoneyAge Awards 2019 – winners announced

The winners of the MoneyAge Awards 2019 were announced last night at a gala ceremony in London. Comedian Paul McCaffrey presented the awards to hundreds of personal finance specialists at The Waldorf Hilton, London

CISI launches dedicated portal to support World Mental Health Day

The Chartered Institute for Securities & Investment (CISI) has launched its new mental health support portal, aimed to encourage the conversation around mental health for its global membership, financial services professionals and staff

Legal & General selects Responsible Equity Release for SmartrRefer panel

Responsible Equity Release has been added to Legal & General Mortgage Club’s approved specialist distribution panel, SmartrRefer

Hanley Economic unveils new ‘part-complete self-build’ loan

Hanley Economic Building Society has launched a new ‘part-complete self-build’ product, aimed at borrowing for projects that are already underway

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