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Mainly mortgage news…

Reputation of banks has not recovered since crash, YouGov finds

Friday

A majority of the public do not trust banks and think they were not held accountable for their role in the crash a decade ago according to a survey. A poll of 2,250 adults by YouGov on behalf of campa…

Principality ups its maximum loan size

Friday

Principality has announced that the maximum loan size it offers for mortgages on up to 90 per cent LTV has been increased to £500,000. The building society says that the overhauled loan size will be a…

Landbay hires new regional account manager

Friday

Landbay has announced that Rob Stanton (pictured) will work as a regional account manager covering the Midlands. Stanton formerly worked at Paragon for 15 years as a senior underwriter and regional ma…

TSB increases fixed mortgage rates

Friday

TSB has announced a rate increase on a number of its fixed rate home purchase and remortgage products. The changes, which take place from today, are as follows: Two-year 0-85 per cent LTV rates have been increased by 0.10 per cent; on its three-year fix, 0-85 per cent LTV rates have gone up by 0.10 […]

The post TSB increases fixed mortgage rates appeared first on Mortgage Strategy.

Bridging lending down in Q2: ASTL

Friday

Bridging lending among members of the Association of Short Term Lenders fell in the second quarter of this year, new figures show. The value of loans written for the quarter ending 30 June 2018 revealed a decrease of 6.6 per cent compared to the previous quarter. However, annual completions rose by 27.2 per cent compared […]

The post Bridging lending down in Q2: ASTL appeared first on Mortgage Strategy.

Bank of mum and dad in need of financial advice: Key

Friday

Research from Key reveals significant appetite for financial advice for the bank of mum and dad. The housing industry estimates that over one in four housing transactions are now financed by parents, …

Scotland house prices drop 0.7% in June, but annual growth still positive

Friday

Your Move’s Scotland House Price Index for June shows a second consecutive monthly drop, with prices falling 0.7 per cent. Annually, however, prices grew by 4.4 per cent. This means that the average h…

M&S Bank adds new FTB-friendly mortgages

Thursday

M&S Bank has announced the launch of three new mortgage products with a maximum loan value of 95 per cent in a bid to court first-time buyers. The bank has also lengthened its maximum mortgage term to 35 years across its FTB and home mover range, as well as announcing that it will allow for […]

The post M&S Bank adds new FTB-friendly mortgages appeared first on Mortgage Strategy.

TBMC and Precise Mortgages pilot new BTL refurbishment product

Thursday

TBMC has teamed up with Precise Mortgages to pilot a new buy to let refurbishment product. The product consists of bridging finance of up to 75 per cent LTV at rates from 0.49 per cent a month with a …

Over-55s hold more than £280k in home equity, says SunLife

Thursday

SunLife has produced research that shows that over-55s believe that, on average, they need £114,436 to enjoy their retirement, while the average equity in their homes stands at £282,623. The over-50s …

Mainly IFA news…

Saturday Papers: Turkish lira under renewed pressure

Yesterday

And Trump asks SEC to study scrapping quarterly earnings reports.

How 13 platforms fared in Q2 2018 amid sales slowdown

Friday

See how 13 platforms did in Q2 2018 according to the latest data from Fundscape.

FTSE falls as sanctions threat reignites Turkey sell-off

Friday

Lira resumes slide after US threatens Turkey with more sanctions if jailed church minister is not released.

Just snaps up DB pension consultancy

Friday

Just Group has acquired a 75% majority shareholding in Corinthian Pension Consulting to extend its professional advisory offering for trustees.

Advisers reveal their favourite cashflow tools

Friday

Cashflow modelling tools are increasingly popular, but what are our star profile firms using?

Secret CEO: after week of drama, where next for Turkey?

Friday

August rarely disappoints to conjure up an event to trouble global markets and disturb holiday festivities.

Robo-advisers unite in lobbying plan after FCA suitability attack

Friday

Following the FCA's scathing attack on robo-adviser suitability, robo platforms have united in a joint effort to lobby the government to try and stop them over-regulating the sector.

FCA looking at 'attitude to transfer risk', says British Steel adviser

Friday

The Financial Conduct Authority (FCA) is focusing on the assessment of attitude to transfer risk of firms with voluntary pension transfer suspensions, an adviser who recently regained permissions has revealed.

Friday Papers: Trade conflict could trigger currency war

Friday

And lira comes under new pressure after US warns of new sanctions.

Overnight Markets: US stocks rise on planned US-China trade talks

Friday

Walmart surged 9.3% after it reported adjusted second-quarter earnings that topped expectations.

Funds sell UK stocks at fastest pace since Brexit vote

Thursday

Fears of a 'no deal' Brexit have led fund managers to sell UK stocks at their fastest pace since the month before the EU referendum.

FCA takes on pension introducers over £86 million in transfers

Thursday

The Financial Conduct Authority (FCA) has launched proceedings against two unregulated introducers responsible for the transfer of £86 million in pension assets across 2,000 consumers.

Turkey tips emerging markets into bear territory

Thursday

Emerging markets have been punished by a strong dollar, higher US rates and trade fears. Now Turkey has pushed them into a bear market.

Aegon pledges to clear Cofunds backlog in six weeks

Thursday

Aegon UK chief executive Adrian Grace has said the volume of calls it received on the day of the Cofunds switchover exceeded its 'worst nightmare'.

Royal London chief: we have edge over ‘expensive’ PruFunds

Thursday

Royal London chief executive Phil Loney has said the provider has an advantage over its rival PruFunds, which are ‘more expensive’, as he signalled a new strategic focus for the insurer.

FTSE claws back ground as US, China plan trade talks

Thursday

FTSE 100 edges higher after yesterday's heavy sell-off, with miners recovering some ground as global trade fears ease.

Aegon spends extra £3m on fixing Cofunds problems

Thursday

Aegon has spent an additional £3 million on fixing problems with its Cofunds platform technology upgrade, and UK chief executive Adrian Grace said sorry to advisers for the issues.

Royal London comes through 'difficult' six months with £358m profit

Thursday

Royal London survived what it described as a 'difficult' first half of the year to post a pre-tax profit of £358 million, as pension and drawdown sales rose to £3.6 billion.

Thursday Papers: Uber losses widen after ramping up its spending

Thursday

And emerging markets index falls into bear territory amid commodity price rout, currency turmoil and disappointing results from Tencent.

Overnight Markets: Wall Street drops as trade worries continue

Thursday

Chinese technology company Tencent reported its first profit decline in almost 13 years, putting pressure on the US tech sector.

Mainly insurance news…

Aviva denies being on “big crusade on broker commissions”

Friday

Aviva MD of UK intermediaries, Phil Bayles, says distribution costs need to improve in the sector but denies there is a commission problem following dispute with GRP.

Revenue growth for Seventeen Group

Friday

Broker points to organic growth as main driver.

Podcast: The top five stories of the week

Friday

Siân Barton and Ida Axling chat about the most popular stories to hit the headlines.

CII aiming for “relevant and diverse” Chartered Status

Friday

CII’s Steve Jenkins says the professional body is committed to Chartered and wants it to gain momentum as it seeks to add D&I to entry criteria.

Quizzical questions: 17 August 2018

Friday

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

Brokers have "heads in the sand" around succession, says Aviva's Bayles

Friday

Research from Aviva shows only 13% of brokers have planned for their retirement.

Amazon ponders UK aggregator site - reports

Thursday

Claims that the tech giant is in talks with UK insurers about the possible launch of a price comparison site hit the headlines.

CII questions future of Chartered proposition

Thursday

The number of members holding chartered titles slipped in 2017.

GRP-owned Abbey Bond Lovis makes NI buy

Thursday

Deal is GRP's third in the last month.

ERS returns to profit in H1 2018

Thursday

Insurer reveals an improved COR at 96.6%, but a fall in GWP.

Applied report shows UK brokers ahead of digital curve

Wednesday

More UK brokers are using digital platforms to analyse data and drive business but more can be done with mobile tech and customer apps and portals.

Turnover and profit rise at Admiral in H1 2018

Wednesday

UK aggregator Confused also reports growth.

Stanhope Cooper drops Open GI

Wednesday

The HNW broker has moved to Applied Systems using the Digital Broker product.

Broker Choice Survey: Share your views before it closes

Wednesday

Insurance Age is seeking broker opinion in our re-branded Sentiment Survey, which will help us select the winners of the very first Broker Choice Awards.

#Insagepeople: 13 - 17 August 2018

Wednesday

Stay up to date with the latest people moves.

Turnover up at Alan Boswell

Tuesday

Norfolk-based broker also reports small dip in operating profit for the year ended 31 March 2018.

Deals boost Finch Commercial’s profit and revenue

Tuesday

Company results for the Broker Network owned firm also reveal a £3m loan from parent company.

Bain Capital to buy Esure for £1.2bn

Tuesday

Esure also reported a 12% rise in GWP, but a fall in profit for the first half of 2018.

Insurance membership of CII falls

13 Aug 2018

The body’s annual report showed it had fewer insurance members in 2017 as spending nudges up to push forward transformation plan.

Alpha collapse: FSCS transfers 177,000 GAP policies

13 Aug 2018

The regulator has worked with Premia Solutions to replace GAP policies following Alpha going into liquidation earlier this year.

Mainly international news…