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House price inflation accelerates to 5.4% – ONS


By Michael Griffiths

Annual house price growth accelerated to 5.4% in the year to February, new Office for National Statistics (ONS) data has shown.

February’s annual rate of growth was up from the 4.8% that the ONS reported for the 12 months to January, to take the average UK house price to £268,000


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UK inflation drops again to 2.6% in March

The rate of inflation slowed again in March to reach 2.6%, the Office for National Statistics (ONS) has revealed

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Söderberg & Partners invests in four UK IFAs

Swedish wealth manager Söderberg & Partners has made investments into four more UK-based independent financial adviser (IFA) firms

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Consumer finance new business jumps 3% in February – FLA

Business volumes across the consumer finance sector increased by 3% in February compared to 2024, the latest data from the Finance & Leasing Association (FLA) has shown

Benchmark Capital buys remaining stake in Oculus Wealth Management

Benchmark Capital, a financial planning solutions provider part of the Schroders Group, has acquired the remaining minority stake in Oculus Wealth Management

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Number of low deposit mortgage options hits highest level since 2008

The number of available mortgage deals at 90% and 95% loan-to-value (LTV) have climbed to their highest levels since March 2008, new data published by Moneyfacts has shown
17.9 million Brits to be dragged into basic tax rate, Quilter finds

Almost 18 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed

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Advisers turn down later life clients due to service confidence, Key finds

Thirty-eight per cent of advisers are "regularly turning away" potential new clients enquiring about later life lending options because they lack confidence in providing a suitable service, Key Later Life Finance has found

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17.9 million Brits to be dragged into basic tax rate, Quilter finds

Almost 18 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed

Advisers seek more support on IHT planning, study finds

Advisers are increasingly looking for support around inheritance tax (IHT) planning amid growing demand for advice, a new study by investment manager Downing has shown

Advisers see surge in IHT advice demand, Downing finds

Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found

IHT receipts hit new annual record a month early

The amount of inheritance tax (IHT) collected by HMRC has reached £7.6bn in the 11 months to February, surpassing the annual record with a month to spare. HMRC took the previous annual record last year, when IHT receipts totalled £7.5bn across the full 2023/24 financial year

FCA calls on banks and societies to improve power of attorney policies

The Financial Conduct Authority has called on banks and building societies to improve their policies around power of attorney cases

FCA concludes consumer investment policy sprint

The Financial Conduct Authority (FCA) has concluded its six-week policy sprint, which aims to support new ways to help consumers make important investment decisions

FCA’s Nikhil Rathi to serve second term as chief exec

Nikhil Rathi has been reappointed by the Treasury to serve a second term as chief executive of the Financial Conduct Authority (FCA). Rathi, who has been in the role at the regulator since 2020, will see his second term run until September 2030

FCA planning rule changes for investment managers

The Financial Conduct Authority (FCA) has proposed new plans to reform its regime for alternative asset managers

Consumer finance new business jumps 3% in February – FLA

Business volumes across the consumer finance sector increased by 3% in February compared to 2024, the latest data from the Finance & Leasing Association (FLA) has shown

Financial services sector slows amid uncertain outlook – CBI

Financial services (FS) firms reported slower volumes of business growth in Q1, according to new research by the Confederation of British Industry (CBI)

IFAs split on whether ISA allowance changes would drive investment

Around half (49%) of independent financial advisers (IFAs) believe a reduction or removal of the current ISA allowance would prompt clients to move more money into investments, a new Opinium study has shown. Opinium published its research, based on an online survey of 200 IFAs, ahead of savers rushing to meet this weekend’s tax year-end deadline

Majority of retail investors oppose changes to cash ISA rules

Retail investors are "overwhelmingly opposed" to scrapping or restricting access to cash ISAs, adding that they are doubtful that changes would boost stock market investing, Rathbones Group has found

South East Water Pension Scheme completes £120m buy-in with Just Group

The South East Water Pension Scheme has completed a £120m buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members

Rothesay secures £105m buy-in for Skipton Building Society

Rothesay has completed a £105m full scheme buy-in with the Skipton Building Society (2015) Group Pension Scheme

Anglo American completes combined £785m buy-in with L&G

Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes

Church of Scotland Pension Trustees completes £75m buy-in with Just Group

The Church of Scotland Pension Trustees has completed a £75m multi-scheme buy-in with Just Group, insuring the benefits of 1,500 pensioner and dependant members and 850 deferred members

Söderberg & Partners invests in four UK IFAs

Swedish wealth manager Söderberg & Partners has made investments into four more UK-based independent financial adviser (IFA) firms

Advisers turn down later life clients due to service confidence, Key finds

Thirty-eight per cent of advisers are "regularly turning away" potential new clients enquiring about later life lending options because they lack confidence in providing a suitable service, Key Later Life Finance has found

UK inflation drops again to 2.6% in March

The rate of inflation slowed again in March to reach 2.6%, the Office for National Statistics (ONS) has revealed

Benchmark Capital buys remaining stake in Oculus Wealth Management

Benchmark Capital, a financial planning solutions provider part of the Schroders Group, has acquired the remaining minority stake in Oculus Wealth Management

finova rolls out servicing upgrade for Redwood

Mortgage and savings software provider, finova, has rolled out a new servicing uplift for specialist business bank, Redwood Bank

Mortgage Brain and Aldermore complete API integration

Mortgage Brain has completed an API integration with specialist bank, Aldermore, as part of a move to make it quicker for intermediaries to run criteria searches

Mortgage Brain adds Gatehouse Bank to tech platforms

Tech provider Mortgage Brain has added Gatehouse Bank to its Sourcing Brain and Criteria Brain platforms

Metro Bank announces new AI partnership with Covecta

Metro Bank has launched a new partnership with Covecta, an AI platform for financial services that will be deployed across its corporate and commercial credit businesses

Dudley Building Society joins Mortgage Intelligence panel

Dudley Building Society has been added to Mortgage Intelligence’s lender panel, providing network members with access to its range of specialist mortgage products

Metlife UK added to Rosemount lender panel

Mortgage, protection, and financial planning network, Rosemount Financial Solutions (IFA), has added MetLife UK to its protection proposition

News in brief - 16 April 2025

Today's round up of developments coming out of the consumer finance space, featuring Nottingham Building Society, Gatehouse Bank and London Credit

The Right Mortgage & Protection Network adds Lendco to panel

The Right Mortgage & Protection Network has added buy-to-let (BTL) and bridging lender, Lendco, to its panel

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

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

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