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Latest news stories

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Mainly mortgage news…

Together signs up to four networks

Yesterday

Together has opened up its residential mortgage range to broker networks across the UK as part of plans to grow its business. The lender has signed distribution deals with Instrinsic, Tenet Group, HL …

Barclays sweetens residential and buy-to-let deals

Yesterday

Barclays is tomorrow launching new residential and buy-to-let mortgages and sweetening many of its current deals. On the residential side, the lender has brought in a new 1.65 per cent two-year fixed …

Market Watch: What a difference a year makes

Yesterday

On the anniversary of the EU referendum, our chances of a good Brexit look slim and battle lines are drawn at the BoE Cast your mind back to a year ago when the Brexit vote was taking place: everyone was confident of Remain’s success, and we could put the whole nonsense behind us. Few could […]

The post Market Watch: What a difference a year makes appeared first on Mortgage Strategy.

More joined up approach on advice for older borrowers needed, says CML

Yesterday

A more joined up approach to advice for older borrowers is needed to narrow the gap between mainstream lifetime mortgage advice ‘silos’ according to the Council of Mortgage Lenders. The report follows…

Santander reduces BTL fees and rates on fixed resi products

Yesterday

Santander has reduced fees on its 60 per cent and 70 per cent LTV buy-to-let deals following the tax changes that it says have ‘slowed’ the market. The lender has reduced product fees by £500 to £1495 on its 60 per cent LTV 2-year fixed BTL and 75 per cent 2 year fixed BTL products […]

The post Santander reduces BTL fees and rates on fixed resi products appeared first on Mortgage Strategy.

EU anti-money laundering rules will “slow down the buying process”

Yesterday

EU anti-money laundering rules coming into place today will impact the UK property industry significantly, according to a partner at a legal and professional services firm. HM Treasury says the new la…

Leeds BS launches tool to help older borrowers

Yesterday

Leeds Building Society has made an online tool to help brokers with customers wanting to borrow into retirement. The tool lets brokers easily find out what proof of income will be needed to support th…

Co-operative Bank ends sales talks to focus on capital raising

Yesterday

The Co-operative Bank has ended sales talks but is still negotiating to increase its capital reserves. The lender today said it was in “advanced discussions” with existing investors to secure the extr…

Landbay adds service for landlords transferring to limited company SPVs

Yesterday

Specialist buy-to-let lender Landbay plans to launch a comprehensive accounting, reporting and tax compliance service for professional landlords looking to hold properties in limited company special p…

Together launches lowest bridging rate of 0.49%

Friday

Together has today launched its lowest ever regulated bridging rate of 0.49 per cent per month. The limited edition product is the lowest bridging rate from Together in its 43-year history and is currently the lowest in the market at up to 50 per cent LTV. The rate is available for loans up to £2.5m, with […]

The post Together launches lowest bridging rate of 0.49% appeared first on Mortgage Strategy.

Mainly IFA news…

Stuart Price: IHT considerations for unmarried couples

Yesterday

There are certain practical steps cohabitees who want the same tax advantages as married couples can take, says Stuart Price - although the most sure-fire one does involve wedding bells …

Schroders to offer wealth management services to US expats

Yesterday

Schroders is opening up to the US private wealth market with the launch of London-based Schroder Wealth Management (US), which will sit alongside its subsidiary Cazenove Capital. …

Paul Pettitt to retire from Origo

Yesterday

Origo managing director Paul Pettitt is to step down from his role at the end of February 2018 after 28 years with the not-for-profit company. A replacement for Pettitt has ye…

The universities which produce the best fund managers

Yesterday

Citywire's number crunchers have asked more than 1,000 of the fund industry's most consistent stars where they studied. The results were somewhat surprising.

Ex-ThreeSixty managing director Young to join NextGen Planners

Yesterday

Former ThreeSixty managing director Phil Young will join the board of financial planning group NextGen Planners from 1 September.

Banks drive FTSE higher on Italian bailout

Yesterday

Banks rise to top of FTSE 100 after Italian government agrees deal to bail out failing lenders.

Meet the Investment Influencers: Ravenscroft IM's Mark Harries

Yesterday

In this week's Investment Influencers video interview, profiling the most respected individuals who select funds, decide ratings or otherwise influence the allocation of investor fund flows…

DUP deal forces Tories to U-turn on triple lock

Yesterday

The triple lock will stay along with winter fuel payments as a result of the Conservative party's deal with the Democratic Unionist Party (DUP), it has been confirmed. A confi…

CEO tapes 2: the active fund industry has 'over promised'

Yesterday

Citywire invited a batch of fund bosses to share their views on the industry ahead of this week's crucial FCA report.

Central bankers warn on 'financial cycle bust'

Yesterday

Central bankers believe the next recession could be sparked by a breakdown in the financial cycle.

Tories u-turn on triple lock to reach DUP deal

Yesterday

Deal reached days before the House of Commons will vote on the Queen's Speech.

Two-thirds of DB scheme members wary of transferring out - research

Yesterday

The majority of final salary pension scheme members are wary of transferring out of their scheme for fear of losing the guaranteed retirement income and making an irreversible mistake, rese…

GBST adds LISA wrapper capabilities

Yesterday

Platform technology provider GBST has updated its software to enable product providers to facilitate the lifetime ISA (LISA) on its Composer platform. Providers that offer th…

Prudential promises redress after retirement account failings

Yesterday

Prudential has promised "appropriate redress" to customers affected by service issues on its savings and income retirement account. Launched in September, Prudential called t…

Ex-Positive Solutions chief joins Prudential’s advice arm

Yesterday

The appointment comes as Prudential Financial Planning enters ‘its growth phase’.

Clive Woodward: How planners can reach peak performance

Yesterday

In the latest of our exclusive videos, former England Rugby manager Clive Woodward explains the secrets behind boosting performance and cultivating the right attitude.

Adviser noticeboard: Post-it note size stuff for IFAs

Yesterday

It's Professional Adviser's weekly heads-up on events, hires and other useful bits for financial advisers… Thought of the week...    Success is more a function of consiste…

IA scraps plans for UK mid-cap sector after industry feedback

Yesterday

The Investment Association (IA) will not push ahead with plans to launch a UK mid-cap sector, explaining it was not "viable" after feedback from fund groups, Professional Adviser's sister t…

Global watchdog warns next financial crash could come 'with a vengeance'

Yesterday

The banking industry's global watchdog has warned of a crisis brewing in China and emerging economies which could result in a similar crash to that witnessed in 2008. In its 8…

Tenet signs platform deal with Hubwise

Yesterday

Tenet will offer advisers two white-labelled platforms as part of the contract.

Mainly insurance news…

Lloyd’s to reduce UK staff headcount by 10% in Q4

Yesterday

London Market is looking to reduce costs, improve efficiency and drive forward a modern agenda.

Insurance Cares: FCA calls for “meaningful change” for vulnerable customers

Yesterday

Christopher Woolard calls on sector to work together to help customers with pre-existing medical conditions gain access to insurance.

Insurance Island Risks - Kelliher Group's Imogen Coggan

Yesterday

The CEO of Kelliher Group tells all about her love for small venues, her best gig ever and her journey from accountant to broker

Finch sees 2016 profit fall

Yesterday

Broker also reports operating profit and turnover drop.

Medical indemnity scheme set up by Servca

Yesterday

The Lloyd’s broker said other brokers would be able to white label the scheme which is backed by A rated cover.

InsurTech Futures: Use of tech by consumers growing in insurance

Yesterday

EY says that the future use of FinTech in insurance is projected to rise to 55%.

#Insagepeople: 26 June - 02 July 2017

Yesterday

Keep up to date with the latest people moves.

Broking Break - Your Top Five

Friday

Queen's Speech, FCA probe on travel insurance for cancer patients, Admiral's renewal handling failures, launch of new MGA incubator and details of new CII qualification make up your top five stories of the week.

Quizzical questions: 23 June 2017

Friday

Test your knowledge of the week's news with our topical quiz.

Pen and CNA Hardy partner on new construction offering

Friday

Pen says product aims to help brokers win and retain business in competitive and challenging market.

Towergate backers complete £800m fund raising

Friday

Chase Templeton and Direct Group purchases also completed.

InsurTech Futures: Technology will shrink the insurance market, says RSA's Leitch

Thursday

RSA global connected insurance director Kenny Leitch states InsurTech will stop claims from happening.

BBi Horsham awarded chartered status

Thursday

New status places emphasis on professional qualifications and high standard of advice and service, says broker.

Queen's Speech: Insurers welcome new whiplash legislation move

21 Jun 2017

Industry looks towards meaningful delivery of the reform.

Meet the techies: Paul Williams

21 Jun 2017

Paul Williams, executive chairman of the JRW Group, warns brokers that fresh thinking is needed to survive in a changing world.

IGI targets regional brokers with new legal expenses insurance product

21 Jun 2017

Insurer expands offering into new class of business.

Soros-backed investors launch MGA incubator

21 Jun 2017

Vibe targeting start-ups and developing firms.

High Net Worth Society: Meet-up two

21 Jun 2017

Read the key points from the second meeting of the exclusive High Net Worth Society.

The consultation on PPI cost the FCA over £473,000

20 Jun 2017

Regulator notes that £3.2m of the £42.2m consumer communications campaign budget has been spent so far.

FCA probes travel insurance cover for cancer patients

20 Jun 2017

The watchdog is seeking views from firms and looking for the reasons behind pricing differences.

Mainly international news…

UK expats in EU offered pension ‘triple-lock’ and healthcare

Yesterday

A 15-page policy paper published by the UK government on Monday guarantees the existing healthcare arrangements with the EU. This means that British citizens living in the European Economic Area (EEA),...

ANALYSIS: Brexit one year on

Yesterday

Chances are, of course, that Brexit won’t turn out to be as bad a misjudgement as UK prime minister Neville Chamberlain’s "peace for our time" claim upon his return from the 1938 Munich peace conference....

M&G shifts four UK funds to Luxembourg over Brexit fears

Yesterday

The group announced it would move the funds, which have a cumulative market value of £6bn (€6.8bn, $7.6bn), outside of the UK to protect the interests of M&G’s non-UK domiciled customers as Brexit negotiations...

Schroders launches US focused wealth management company

Yesterday

Subject to regulatory approval, London-based Schroder Wealth US will specialise in offering wealth management services to high net worth US clients resident in the UK and North America. Banking and...

Political uncertainty boosts case for active over passive funds

Yesterday

Not only has the number of index mutual funds increased substantially over the past six years, but in March even mighty Blackrock announced an overhaul of its actively managed funds. But rumours of...

Old Mutual unveils offshore bond for UK market

Yesterday

The Select Bond comes with a “simple, transparent charging model and lower premiums”, the company said in statement on Monday. OMI said the new product has been designed to appeal to a wider audience...

Harvest Global funds first to get Swiss-HK recognition

Yesterday

The MRF scheme, set up in December 2016, allows Swiss investors to allocate funds to Harvest’s China Equity and Asia Frontier strategies. Together, these strategies have exposure to all Chinese investment...

Hong Kong’s Insurance Authority goes live

Yesterday

The Insurance Authority (IA) is independent and has been tasked with regulating and supervising the insurance industry to promote general stability and protect policyholders. The new regulator has...

Messi to swap prison sentence for €255k fine in tax fraud case

Yesterday

Last month, Spain’s Supreme Court rejected Messi’s appeal against the jail term handed down last year after the Barcelona star and his father, Jorge, were found guilty of defrauding Spain of €4.1m between...

Emirates NBD Asset Management making an international push

Yesterday

Having been with the bank for nine years, Bajwa moved to Dubai from New York in 2008. He was promoted to his current role three months ago and describes himself as “new to the role but an old hand within...

HMRC faces claims of ‘unlawful’ raid on Newcastle Utd

Friday

Premier League clubs Newcastle and West Ham were raided in April by HM Revenue & Customs (HMRC) in conjunction with French authorities over a suspected £5m ($6.3m, €5.7m) of income tax and national insurance...

Pioneer CEO to leave as Amundi unveils new merged structure

Friday

Lombardo, who is also Pioneer’s chief investment officer, had “decided to explore new opportunities for the next stage of his career, and will be leaving the group after the transaction is finalised”,...

Regulation must be 'appropriate,’ says advisory body chairman

Friday

Lord Deben, chairman of the newly established body PIMFA, said the the organisation had a “great deal” to do amid the struggle of Brexit and increasing regulation. He said successive governments had...

PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva

Friday

BlackRock Ex-Barclays chief executive John Varley has resigned from the BlackRock board with immediate effect. Varley was one of four former Barclays directors charged by the UK’s Serious Fraud Office...

Up to £50bn pulled from DB schemes in pension transfers

Friday

In research provided to the FT, the company, which provides administration for around 7% of the UK’s DB schemes, claims that around 210,000 members have taken a combined £50bn ($63.3bn, €56.7bn) from final...

UK IFA promoting Brazilian teak scheme enters liquidation

Friday

In a note on the London Gazette, the UK-based firm said it has appointed Clarke Bell to act as liquidator. In 2013, the Financial Conduct Authority (FCA) ordered a third party to review the pensions...

Singaporean firm to build platform for Malaysia’s life insurers

Friday

According to a Singapore Exchange filing, Silverlake Axis said its subsidiary Cyber Village (CBV) has been given the green light by Malaysia’s insurance trade association and is expected to contribute...

EU’s new tax avoidance law to target Channel Island schemes

Thursday

On Wednesday, the EU released a draft law which means that financial advisers and other professionals face heavy fines if they are found guilty of helping individuals cut their tax bills by using ‘aggressive...

ANALYSIS: How are today's wealth managers using ETFs?

Thursday

Recent data from research provider Wealth-X, which quizzed 36 UK wealth managers, found on average just 9% of assets in portfolios contained index-tracking products. More than a quarter of those surveyed...

Footballer to pay €2m to settle Spanish tax fraud case

Thursday

The Argentinian, who now plays for Paris Saint-German, has been sentenced to one year in prison and fined £1.76m (€2m) after pleading guilty to two counts of tax fraud in Spain. However, similar to...