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Latest news stories

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Mainly mortgage news…

News analysis: House price indices don’t add up

Yesterday

Significant differences between property indices serve only to muddy the waters as they make it very difficult to establish what the market trends really are The glut of different house price indices …

Comment: Equity release gathering steam

Yesterday

Interest is increasing right across the country, not just in the South

The post Comment: Equity release gathering steam appeared first on Mortgage Strategy.

Secure Trust Bank enters later life lending market

Yesterday

Secure Trust Bank is offering later life mortgage products and has partnered with Key Retirement to do so. Key Retirement helps borrowers over the age of 55 with mortgage borrowing and will now assist…

Opinion: It’s not going to get any easier…

Yesterday

Many landlords are reviewing their portfolios to make sure they are still fit for purpose, but they need expert help to make the right decision

The post Opinion: It’s not going to get any easier… appeared first on Mortgage Strategy.

AA Mortgages cuts minimum overpayment to £1

Yesterday

AA Mortgages has cut its minimum overpayment from £500 to £1. The lender says it wants to make it simpler for customers to clear their mortgage early. AA Mortgage research says the nation has £470m in…

NatWest to bring in new high-value remortgages

Yesterday

NatWest is bringing in 12 high-value remortgages based on loan balance and LTV rather than just LTV. The products come in next Monday and will feature in NatWest’s remortgage range for those with loan…

Profile: Charcol’s fire

Thursday

After a difficult period John Charcol is fighting its way back through the leadership of Mark Fleet. As a former pro footballer, Fleet knows about the ups and downs of a tricky season

The post Profile: Charcol’s fire appeared first on Mortgage Strategy.

L&G appoint new product director

Thursday

  Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both …

Aldermore revamps buy-to-let range

Thursday

Specialist lender Aldermore has re-vamped its buy-to-let mortgage range, lowering rates for company landlords, reducing early repayment charges and introducing new fee-free options. The new rates for …

BoE director notes growing ‘risky’ mortgage lending

Thursday

A Bank of England director has today urged caution over rising levels of risky mortgage lending. This includes mortgage lenders loosening credit standards, according to Bank executive director for fin…

Mainly IFA news…

Ascentric migrating clients to new platform this weekend

Yesterday

After years of delays and a higher than expected project spend, the Ascentric platform is due to begin a 'phased launch' of its new Bravura solution on Monday.

Citywire South West Retreat: pictures from Day 1

Yesterday

A selection of pictures from our annual South West event at Marriott St Pierre, Chepstow, on what turned out to be the hottest April day in 70 years.

SJP’s ex-Premier League adviser: why footballers are vulnerable clients

Yesterday

Footballers seem to be constantly in the news about their finances with the majority of the headlines negative. So why does this happen? Step forward Ryan France, former Hull City winger turned St James's Place adviser, to reveal all.

Adviser workshop: how to select sustainable funds

Yesterday

In the lead up to Earth Day on Sunday 22 April, we look at sustainable funds and ask how advisers should select them.

Pound slumps as Carney casts doubt on May hike

Yesterday

Pound continues decline as Bank of England governor Mark Carney suggests interest rate rise in May is not a foregone conclusion.

John McDonnell: I will not be a 'raving extremist'

Yesterday

Labour shadow chancellor John McDonnell has promised he has no tricks up my sleeve’ in a speech addressing his relationship with the City

Barclays chief faces fine for bid to uncover whistleblower

Yesterday

Barlcays chief executive Jes Staley faces a fine from the FCA and PRA for trying to uncover the identity of an anonymous whistleblower

Osborne's 11: the top multi-asset funds since the pension freedoms

Yesterday

How have people's investments been performing since the beginning of the pension freedoms? In this gallery, we take a glimpse at the top performing multi-asset funds over the last three years.

Friday Papers: BoE might not hike rates next month

Yesterday

And Shire rejects £42.4 billion Takeda offer as Allergan, which had showed interest in the Irish drugmaker, rules itself out.

Overnight Markets: Consumer staples, tech stocks weigh on Wall Street

Yesterday

Financials and energy shares were the only industry groups closing in the green.

See how many complaints these 19 providers received

Thursday

The Financial Conduct Authority (FCA) has released its roundup of complaints data across the finance sector in the second half of 2017. Here are the highlights from the life and pensions, platforms and insurance sectors.

Retail woes: UK sales slump as Debenhams halves dividend

Thursday

UK retail sales fall by more than expected in March, while profits crash at Debenhams, forcing halving of the dividend.

Refund victory for steelworker invested in property scheme

Thursday

A steelworker who was convinced to invest his life savings into an unregulated German property scheme has had his investment full refunded by the firm.

HMRC seeking to appeal landmark in-specie pension case

Thursday

HM Revenue & Customs (HMRC) is set to appeal a court ruling against its clampdown on in-specie pension contributions.

FCA’s Bailey writes Dear CEO letter in preference share review

Thursday

FCA chief executive Andrew Bailey has published a Dear CEO letter urging companies to provide clarity for preference shares investors in light of Aviva’s share saga.

Thursday Papers: Netflix plans $1bn European investment drive

Thursday

And Hammerson withdraws £3.4 billion offer for Intu over high street woes.

Overnight Markets: Wall Street mostly up on energy, transport stocks

Thursday

But IBM’s 7.5% decline was the biggest drag on the S&P after the technology company’s quarterly profit margins missed analyst estimates.

Asset allocation: how 10 advisers invest their clients' money

Wednesday

Last week we looked at how advisers charge their clients for their services. In this gallery, we take a look at ten advisers' asset allocations.

Flat-rate pension tax relief: calls for 30% rate fall on deaf ears

Wednesday

In a report published today think tank the RSA, whose head Matthew Taylor led a government report into the gig economy last year, put forward the case for a flat-rate of pension tax relief to help the self-employed.

Comment: Secrecy over ‘safe space’ exposes out-of-touch FCA

Wednesday

Our FOI reveals the FCA met a group of chief executives from the largest financial firms in a 'magnificent' 18th century town house last November. Unfortunately it doesn't reveal much else. Why won't the regulator reveal more?

Mainly insurance news…

Ardonagh picks up selected renewal rights from Ageas Retail in £7m deal

Yesterday

Ageas says sale to Autonet gives customers peace of mind across Kwik Fit Insurance Services, Auto Direct, Cover Direct and Regal.

Podcast: The top five stories of the week

Yesterday

Siân Barton and Emmanuel Kenning analyse two key stories from the past week.

Quizzical questions: 20 April 2018

Yesterday

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

Home insurance nudges down in first quarter 2018

Yesterday

Average premium for a buildings policy same as beginning of 2011.

One Indemnity adds legal indemnities cover to portfolio

Yesterday

Division is part of One Broker group.

Brunel Insurance Brokers achieves chartered status

Yesterday

Broker says chartered status endorses its professionalism.

AIG sets up “Brexit-resilient” structure

Yesterday

AIG has authorised two entities, one in the UK and one in Luxembourg, ahead of the UK leaving the European Union.

Car premiums dropped in Q1 2018, AA Insurance Index shows

Yesterday

Reduction means insurance costs are now lower than a year ago.

Ardonagh looking at deals worth £500m

Thursday

CEO David Ross says focus will be on integration and international expansion.

FCA data reveals huge surge in PPI complaints

Thursday

Increase in second half of 2017 coincides with launch of advertising campaign, starring Arnold Schwarzenegger, to publicise claims deadline.

Towergate owners post £261m loss for 2017

Thursday

Ardonagh Group reveals Ebitda loss of £42.5m.

Ensurance adds combined construction liability policy

Thursday

The combined liability offering also caters for environmental impairment.

Video: York regional review - part one

Thursday

Brokers tell all about the competitive market in the city and how the floods affected the insurance market.

Das v Asplin: Prosecution outlines arguments on fraud charges

Wednesday

Asplin and others have been charged with conspiracy and fraud and are currently standing trial.

InsurTech Futures: Gadget and motor products go live on Brolly

Wednesday

Broker says smartphone app will help customers find "better options" for cover using AI.

Lycetts posts increased turnover but lower profit

Wednesday

Broker flags continuing investment in staff and IT.

Ex-AA boss Bob Mackenzie seeking up to £225m in damages

Wednesday

Former chairman removed from role in August 2017.

Ex-Das CEO Paul Asplin stands trial for fraud

Tuesday

Asplin and five others are charged with conspiracy and fraud.

InsurTech Futures: PwC and Early Metrics launch programme to scale start-ups

Tuesday

Programme aims to create commercial opportunities and promote best practice.

Insurance Cares: Trekking for dementia

Tuesday

Jonathan Swift spoke to Covéa’s commercial lines and high net worth director and Insurance United Against Dementia board member, Simon Cooter, about how the industry is working together to conquer the Mont Blanc Massif and how brokers can help.

Mainly international news…