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Mainly mortgage news…

Landlords still in the dark about PRA changes, warns NLA

Yesterday

The National Landlords Association has hit out at brokers and lenders for failing to do enough to communicate changes by the Prudential Regulation Authority, after a survey found many buy-to-let borro…

Leeds reduces buy-to-let rates

Yesterday

Leeds Building Society is the latest lender to reduce the cost of its fixed-rate buy-to-let mortgages. The building society said it was reducing these deals as it anticipated landlords would be remort…

Coventry BS hires non-executive director from FCA

Yesterday

Coventry Building Society has appointed a Financial Conduct Authority committee member to its board, as a non-executive director. Iraj Amiri is currently a member of the FCA’s Regulatory Decisions Com…

Commercial Watch: All change for multi-occupancy

Yesterday

Commercial lenders will expect professional standards and houses in order following the HMO changes Landlords have been through a tumultuous time recently, and the raft of legislative changes show lit…

Bank of Ireland opens new build loans to all brokers

Yesterday

Bank of Ireland UK is opening up its new build mortgages to all brokers following a successful pilot. From today, new build mortgages will be available to all brokers registered to submit business wit…

Million-pound mortgage fraudster jailed after blaming broker

Yesterday

A nightclub owner and yacht designer has been jailed for mortgage fraud after first trying to blame his broker. Arthur Wilder was sentenced to three years in prison at Hull Crown Court this week for f…

TML launches exclusive cashback deals

Yesterday

The Mortgage Lender has cut rates on its residential mortgages, and launched a range of exclusive cashback deals for selected partners. It has cut the cost of its two- and five-year fixes by up to 0.8 per cent. Its two-year tracker rates have been reduced by up to 0.77 per cent. This means its two-year […]

The post TML launches exclusive cashback deals appeared first on Mortgage Strategy.

‘Astounding’ house price growth in Edinburgh drives Scottish property market

Yesterday

House prices in Scotland are growing by 6.9 per cent a year, on the back of soaring property prices in the capital. According to the Your Move Scotland House Price Index prices slowed modestly across …

Tenants lose £22m to rental fraud in four years

Yesterday

Tenants have lost more than £22 million to fake landlords and other rental fraudsters since 2014, official figures show. Between 1 April 2014 and 31 March 2018, 18,645 reports of rental scams were mad…

Downsizing restricted by lack of affordable homes

Yesterday

A lack of suitable property is preventing millions of older homeowners from downsizing, creating problems in the housing market, according to a new report. The research, by Key Retirement, found there…

Mainly IFA news…

Saturday Papers: Company pension schemes warned on rogue adviser threat

Today

And Trump has threatened to impose tariffs on EU cars as US factories ‘slump’ on trade war pressures.

IFAs vs robots: FCA to compare services in suitability review

Yesterday

Robo-advice will be pitted head to head with face-to-face advice by the Financial Conduct Authority next year as part of its suitability review.

Azad Zangana: Two years on from Brexit and still none the wiser

Yesterday

Two years on from the UK's vote to leave the EU, Azad Zangana considers the many questions that remain unanswered about how a final deal will look, and the country's economic growth and int…

FTSE rallies as Syncona and Woodford bask in Autolus glow

Yesterday

Syncona and Woodford Patient Capital investment trusts joined a stock market come-back today on good news from one of their investments.

Omnis adds six strategies to fund range

Yesterday

Omnis Investments, the manager of the central investment proposition for adviser network Openwork, has added six strategies to its fund range. Subject to Financial Conduct A…

Advisers are facing the music - why not the British Steel introducer?

Yesterday

Advice firms involved in the British Steel pension saga may be suffering the consequences - as is the reputation of the wider profession - but, asks Hannah Godfrey, what about the unregulat…

Exclusive research: 20 reasons why IFAs say 'no' to the networks

Yesterday

Exclusive Citywire research has revealed some of the opinions that IFAs have of networks.

Are you prepared for the worst? One IFA's battle with cancer

Yesterday

Julian Gilbert had to rethink the structure of his business after receiving a cancer diagnosis

Government rejects 'default decumulation pathways' at retirement

Yesterday

The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement. In the committee's Pension Freedoms report pu…

Mazars' Thursfield flies flag for female IFAs with award win

Yesterday

Women are making progress in the financial planning profession. One 27-year-old CF30 holder has furthered the cause by winning a top prize.

Openwork adds veteran fund managers to £6bn Omnis

Yesterday

Openwork’s investment arm Omnis Investments has signed up a number of big hitting fund managers as it begins a new strategy of splitting down mandates to expand its fund range.

FCA to trial automated regulatory returns tech with advisers

Yesterday

The Financial Conduct Authority (FCA) has asked advisers to participate in a six month pilot on digital regulatory reporting.

Later life advisers must broaden approach to suit client needs

Yesterday

Later life advisers should look to broaden their range of services and offer an "ensemble" proposition to better serve changing client needs, delegates heard. Personal Financ…

Ex-Sesame Bankhall boss George Higginson launches DFM

Yesterday

Former Sesame Bankhall chief executive George Higginson has launched discretionary fund management (DFM) service Alpha Beta Partners. Higginson (pictured), who was Sesame Ban…

Steve Webb: Brand drawdown care product as 'inheritance insurance'

Yesterday

A care insurance product linked to pension drawdown could be marketed to middle-earners as "inheritance insurance", according to proponent Steve Webb.  Ex-pensions minister …

Friday Papers: Airbus prepares to take flight over Brexit

Yesterday

And sterling soared after Bank of England's Chief Economist Andy Haldane backed rate rise.

Overnight Markets: Wall Street slumps on continued trade fears

Yesterday

Energy, industrials and materials were among the biggest decliners.

Martin Jones: Four ways to simplify ISA saving

Thursday

Martin Jones looks at the complicated world of ISA investing and proposes four changes to simplify the process to make life easier for advisers and clients... ISAs are too com…

Talking with … Polar Capital's Ben Rogoff

Thursday

Polar Capital fund manager Ben Rogoff talks artificial intelligence and autonomous vehicles, FANGs and being lucky with Richard Romer-Lee How did you get into fund management?…

FTSE 100 hands back gains as Bank turns hawkish

Thursday

Bank of England chief economist Andy Haldane joins hawks voting for interest rate rise, boosting the pound but hitting the FTSE 100.

Mainly insurance news…

FCA's travel costs remain the same after the Brexit referendum

Yesterday

Figures show Brexit process has not led to a spike in FCA travel costs - regulator has previously complained of being shut out of talks.

Broking Break - Your Top 5

Yesterday

Three stories dominated this week - Allianz's acquisition appetite, MS Amlin's household exit and Grahame Chilton's planned move away from Gallagher.

Quizzical questions: 22 June 2018

Yesterday

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

Clear Group mulls private equity options

Yesterday

CEO Howard Lickens says private equity is the most obvious area to work with in order to fund the broker’s long term strategy.

Bank of England has spent over £1.5m on GDPR

Thursday

Freedom of Information request reveals a budget of nearly £2.5m.

Lyndon Wood upbeat as Moorhouse returns to growth

Thursday

MGA changes caused 2017 turnover and profit to shrink.

Insurance Cares: “Revolutionary” HIV travel policy launched

Thursday

Emerald Life has set up the cover and says it is the first policy that does not require customers to declare HIV as a pre-existing condition.

MP Craig Tracey on IPT, Brexit and Donald Trump

Wednesday

Ex-broker turned MP commits to monitoring IPT spending and making sure the money goes towards flood defences.

Turnover and profits up at Clear Group

Wednesday

Turnover hits £13.9m as the broker continues to find itself at the centre of sale rumours.

Industry praises outgoing Gallagher CEO Chilton for "steadying the ship"

Wednesday

Experts say Chilton will leave the business in a good place and welcome incoming CEO Simon Matson.

Profits up at Thomas Carroll Group in 2017

Wednesday

Broker’s profits rise again this time by 23%.

MS Amlin pulls out of UK household

Wednesday

Renewals were offered until 31 May 2018.

Turnover and profit down at Moorhouse in 2017

Wednesday

Group hit by loss of MGA capacity in November 2016.

Sue Langley lifts the lid on finding a successor for Grahame Chilton

Tuesday

The chairman reveals what it is like working with plain speaking Chily and discusses exciting times ahead at Gallagher with Matson.

Aviva and RSA silent on Allianz buy speculation

Tuesday

Aviva and RSA saying nothing on rumours they are targets for Allianz as analyst says a big UK deal would make sense for the German insurer.

SSP offers sanctions checking tool

Tuesday

The software house is working with provider Northdoor to help brokers check if individuals or companies appear on sanctions lists.

#insagepeople 18 - 22 June 2018

Tuesday

Stay up to date with the latest people moves.

Brunel Professions accredited as Lloyd’s broker

Monday

Group CEO Russell Lane says all parts of the group and its network of wholesale brokers now have full access to Lloyd's and bespoke solutions.

Axa steps in to provide capacity for GRP hub Greens

Monday

The move follows Aviva cancelling agency with all GRP brokers.

Aviva or RSA named as Allianz targets – reports

Monday

Global Allianz CEO, Oliver Bäte, is keen to make a large UK acquisition according to market rumours.

Mainly international news…