Just over a third (37%) of regulated firms have said they identify the ultimate beneficial owners (UBOs) at companies, a drop from more than half (53%) in 2023, SmartSearch has found
Two thirds (65%) of people in the UK aged between 25 and 34 years old are currently in debt, with almost half (48%) of people aged between 18 and 24 years old also in the same financial situation, Tesco Bank has found
Searches for second charge mortgages increased by 14% year-on-year in 2023, according to data from Knowledge Bank that’s been released for a dual-branded version of the Pepper Money Specialist Lending Study
Almost one in four (22%) UK homeowners with a mortgage – equivalent to 2.8 million people – have said repayments are stopping them from saving more for retirement, according to new findings from the Equity Release Council and Canada Life
More than nine in 10 (92%) regulated firms do not carry out daily monitoring on clients, which potentially exposes them to sanction breaches and financial crime, SmartSearch has found
Simplifying the tax rules around gifting in the upcoming Budget would help to boost the housing market as well as ease the first-time buyer crisis, Key Later Life Finance has argued