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Mainly mortgage news…

Opinion: The mortgage revolution is unfolding

Today

Technology, all Mortgage Strategy readers will agree, is fundamentally reshaping the business world — and our sector is not immune to this change. The new technologies emerging are based on a combinat…

UK can revoke Brexit, EU court rules

Today

The UK is free to unilaterally revoke the notification of its intention to withdraw from the EU the European Court of Justice has ruled today.   An emergency judgment given a day before a critical vot…

Moneyfacts reports 95% LTVs at record lows

Today

Data collected by Moneyfacts shows that fixed rate mortgage deals at the highest tiers are at record lows, with competition in choice fierce. While the average two-year fixed rate at 95 per cent LTV has fallen, the number of fixed rate products at 90 per cent LTV is at the highest recorded. Moneyfacts reports that […]

The post Moneyfacts reports 95% LTVs at record lows appeared first on Mortgage Strategy.

PRA issues equity release solvency policy statement

Today

The prudential regulation authority has issued an update to its Solvency II: Equity release mortgages consultation paper. The new publication offers feedback to responses given to the original consult…

United Trust Bank appoints new head of product development

Today

United Trust Bank have appointed Simon Burnell as head of product development for mortgages and bridging. Burnell has over 20 years’ experience in the specialist mortgage industry, and was formerly Vi…

Government details plans to eradicate rough sleeping by 2027

Today

The government has announced further details of its strategy to eradicate rough sleeping by 2027. As part of its rough sleeping delivery plan, due for release later today (10 December), the government…

Aldermore extends support for first-time buyers

Today

Aldermore has broadened support for first-time buyers attempting to get onto the property ladder. The specialist lender has introduced two new lending tiers across its Help to Buy equity mortgage rang…

Law Commission proposes commonhold as leasehold alternative

Today

The Law Commission has proposed reforms that it says would help drive the expansion of commonhold as an alternative to leasehold. Commonhold was introduced in 2002 as a new way to own property, but fe…

TMA Club announces video channel

Friday

TMA Club has launched a new video channel through YouTube. The club says that the channel is dedicated to partner and provider support and that “TMA VISION” will provide members with the latest indust…

Comment: Keep a close eye on custom build

Friday

The evolving sector can help meet the urgent need for more new homes. There remains a vital need to build more good-quality homes across the country. The government has been clear on its ambition to achieve 300,000 new homes a year by the mid-2020s, which follows 217,000 homes built last year – the biggest increase […]

The post Comment: Keep a close eye on custom build appeared first on Mortgage Strategy.

Mainly IFA news…

Snowden leaves Kames amid fixed income exodus

30 Nov 2018

Kames Capital has seen a wave of departures from its fixed income team, including co-head of fixed income Stephen Snowden and head of high yield David Ennett.

'Demand for advisory managers to decline sharply' - Charles Stanley CEO

28 Nov 2018

Advisory investment management is "in long-term decline" and will only comprise a minimal part of the wealth management industry within the next decade, according to Charles Stanley CEO Paul Abberley.

Revealed: Winners of the Sustainable & ESG Investment Awards 2018

26 Nov 2018

Professional Adviser's sister title Investment Week has announced the winners of its annual Sustainable & ESG Investment Awards 2018.

Weller and Wagstaff undertake CASCAID onesie challenge

23 Nov 2018

Incisive Media group chairman Tim Weller and Helen Wagstaff, founder of CASCAID and managing director of MiP, have completed their onesie challenge raising over £2,000 for Great Ormond Street Hospital.

Charles Stanley to name group head of distribution

22 Nov 2018

Charles Stanley has said "there remains much to be done" in increasing the rate of improvement in revenues and margin, which has been "slower than had been originally hoped".

Fund houses team up with Big Issue to launch impact investing platform

19 Nov 2018

A number of fund groups have joined forces to work with street newspaper The Big Issue to launch a mobile-first investment platform designed to bring social and environment impact funds directly to a retail audience.

Tavistock and Lighthouse join forces to create investment management service

14 Nov 2018

Tavistock Investments has announced it has entered into a strategic agreement with advisers Lighthouse Group to establish an investment management service to develop and distribute products and services under the Luceo brand.

No-deal Brexit regulations to render scheme investments illegal

12 Nov 2018

Proposed draft regulations on pension scheme investment in the event of a no-deal Brexit would see schemes breaching the law from day one.

Lessons from Turkey and Argentina: Where is the value in EMD now?

7 Nov 2018

Industry Voice: Alejandro Arevalo, Manager of the Jupiter Global Emerging Markets Corporate Bond and Jupiter Global Emerging Markets Short Duration Bond Funds, discusses lessons learnt from recent crises in Turkey and Argentina this year, and how this has created new opportunities in EMD

Quilter names new CFO as Tookey steps down

1 Nov 2018

Quilter has announced corporate finance director Mark Satchel will take on the role of chief financial officer in March 2019 following Tim Tookey's decision to step down as CFO next year.

Budget 2018: FCA to consult on pooling DC funds into patient capital

29 Oct 2018

The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.

Budget 2018: Hammond to hike income tax relief a year early

29 Oct 2018

Chancellor Philip Hammond announced today (29 October) that the income tax personal allowance and higher rate threshold will be increased in April 2019, bringing forward the Conservative's 2017 manifesto promises by a year.

Adrian Boulding: How realistic is asset manager charges transparency?

9 Oct 2018

After more than 10 years of resistance to serious scrutiny, writes Adrian Boulding, Parliament, regulators and expert commentators are now all calling in unison for greater asset manager charges transparency

Matthew Yeates: Is 'risk-free' the new 'reckless' in retirement?

8 Oct 2018

In the days of compulsory annuity purchase and shorter life expectancy, it made sense to 'de-risk' in later life but with two-thirds of people now opting for drawdown, writes Matthew Yeates, the dynamic has changed considerably

In conversation with advisers: keeping fees transparent

2 Oct 2018

Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss the issue of fee transparency in relation to clients.

Fidelity's Ian Spreadbury to retire

1 Oct 2018

Fidelity's Ian Spreadbury will retire at the end of the year after 23 years with the firm.

In conversation with advisers: outsourcing to the specialists

27 Sep 2018

Partner Insight: Cathi Harrison, owner and director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss outsourcing to specialists.

In conversation with advisers: staying on top of regulatory risk

25 Sep 2018

Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss how to stay on top of regulatory risk.

Investors' confidence in UK equities plummets further with £315m in outflows

6 Sep 2018

Investors are fleeing developed market equities in favour of fixed income and multi-asset funds, according to the latest Investment Association statistics, as UK, US and Europe equities all see outflows.

RBS to pay first dividend since financial crisis

3 Aug 2018

Royal Bank of Scotland (RBS) has announced plans to reinstate a dividend for the first time since the financial crisis, declaring an interim dividend of 2p per ordinary share in its half-year report today.

Mainly insurance news…

Review of the year: March

Today

As we moved into Spring brokers were interested in the names of the top five most complained about insurers, Axa inking a $15bn deal with XL, the collapse of CBL and Alpha as well as mergers and acquisitions.

Gauntlet opens southern hub

Today

A former Wrightsure associate director has joined the Gauntlet team to head up an Essex office focusing on bus and coach insurance.

Beazley launches cyber and data breach response portal in UK

Today

It adds to its cyber proposition and is aimed at the broker channel.

Call for evidence on discount rate setting welcomed

Friday

The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.

Review of the year: February

Friday

The shortest month of the year kicked off with brokers complaining about SSP, early reports of Allianz expressing interest in buying XL Group, InsurTech start-ups and GDPR.

Quizzical questions: 07 December 2018

Friday

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

Brightside targeting £250m GWP within five years

Friday

Broker looking to digital for organic growth but is also ready to buy.

Oak enhances household product to include cyber

Friday

The policy now covers losses from fraud, telephone hacking and ransom.

Gallagher buys Pavey Group

Friday

The deal follows Michael Rea’s promise that Gallagher would have another acquisition finalised before the end of 2018.

Fusion sports team moves into Geo Specialty after Ardonagh sale

Thursday

UK construction portfolio also ring-fenced from deal.

Review of the year: January

Thursday

2018 started off with a bang with FCA fines and some big ticket M&A involving Markerstudy and A-Plan.

Professional indemnity rates set to harden

Thursday

Less capacity to drive up rates as Loyd's syndicates cut back or pull out of PI.

All litigation over at Brightside

Thursday

Broker had been involved in three legal cases.

Wiser Academy launches heavily subsidised training programme for brokers

Thursday

New Kick-Start offering comes with 90% government funding.

New whitepaper advises on how to future proof your scheme business

Thursday

Insurance Age and Axa release the third in a series of whitepapers to help brokers and MGAs launch and manage schemes and delegated authorities.

Aviva aims to disrupt the market with new subscription-style product

Wednesday

Provider to tackle dual pricing with new home and motor offering.

Statutory pre-tax loss of £20m for GRP

Wednesday

However Mike Bruce points to 4% organic growth and suggests the business is on track to buy “double digit” businesses, including MGAs, in 2019.

SEIB buys Greenwood Moreland Insurance Brokers' equine book

Wednesday

Book was sold to build on existing foundations and to deliver a higher level of expertise.

Finch Group buys Southampton-based Specialist Insurance Agency

Wednesday

This is the broker’s seventh purchase since it became Broker Network’s first “regional powerhouse” in October 2016.

UK subsidence claims jump to £64m in Q3 2018

Wednesday

July, August and September saw highest level of subsidence claims since the record-breaking heatwaves of 2006 and 2003.

Mainly international news…