Press releases for July 2010
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
29 July 2010
Former New Star fund manager Patrick Evershed can proceed with a lawsuit over claims he was bullied by company founder John Duffield, a London court said. Bloomberg reports Evershed can pursue whi...
29 July 2010
The IFA industry has been abuzz this week following a BBC Money Watch programme highlighting the plight of thousands of customers mis-sold a ‘Balanced’ fund by Barclays ‘salespeople’. Victims al...
29 July 2010
Fund groups have warned the RDR will lead to increased volatility in fund flows and a greater share of assets going to a handful of the larger asset managers. According to the IMA's annual fund ma...
29 July 2010
Bridgewater Equity Release, the home reversion specialist, has today (29th July 2010) revealed the results of its first monthly adviser survey with advisers positive about the outlook for the equity r...
29 July 2010
Mervyn King wants a new breed of regulators focused on public service and not huge banking-style pay packages when responsibility for financial regulation transfers from the FSA to the Bank of England...
29 July 2010
Almost a third of Financial Services Authority (FSA) staff complained they felt poorly paid compared to other organisations, according to the regulator’s annual survey. The 2009 survey, which was r...
29 July 2010
Santander UK has seen its profits rise 10% in the first six months of 2010 to £875m, with its gross mortgage lending up 14% on the same period last year to £12.3bn. Santander UK, which writes one ...
29 July 2010
The Government is planning to scrap the default retirement age in the UK from October 2011. Under the proposal, employers would not be allowed to dismiss staff because they had reached the age of...
29 July 2010
Price growth in the housing market finally ground to a halt in July as prices fell 0.5% for the first time in five months. Annual property price growth also fell back from 8.7% to 6.6%, according ...
29 July 2010
Metro Bank, the first high street bank to launch in the UK for a century, opens its doors today but none of its products have made it onto best buy tables. It promised to revolutionise the British...
28 July 2010
CherryFind - the consumer-facing arm of the broker portal, cherry – has opted to use Home Buyer Systems’ “Best Buy” marketing tool to generate quality leads for cherryFind’s listed members. The Best ...
28 July 2010
Mortgage and loans packager, Brunel Mortgages & Loans, has announced that secured loan provider, Link Loans, is the latest addition to its lender panel. Rob Derry, managing director at Brunel, said...
28 July 2010
First actively managed UK-domiciled Brazil OEIC gets FSA approval Fixed Price Offer Period from 30 September to 6 October 2010** Zero Initial Charge to 31 October 2010* Allianz Global Investo...
28 July 2010
Investment guru Jim Rogers believes another recession will be due in about 2012, but the difference next time will be the inability of central banks to throw cash at the problem. Rogers, who start...
28 July 2010
Lloyds Banking Group (LBG) has withdrawn its Payment Protection Insurance (PPI) products across all brands. The PPI policies, which were sold direct through branches, have begun to be withdrawn on...
28 July 2010
Leeds Building Society has launched a variable mortgage designed for people building their own homes, marking its re-entry into the self-build market. The two-year variable deal, currently at 6.19...
28 July 2010
A Swedish lesbian couple were told to live separately and reconsider their lifestyle after they submitted a joint mortgage application. The story reported in a Swedish regional paper The Local Pap...
27 July 2010
July 27th 2010 LeadPoint, the world’s first lead exchange marketplace, this week celebrates its fourth birthday in the UK. LeadPoint traded its first lead in the UK in July 2006 and in just four ...
26 July 2010
Please download the pdf below...
26 July 2010
Conveyancing Alliance Ltd, the online conveyancing distributor, has today (26th July 2010) announced a comprehensive enhancement to its quotation system in order to facilitate a range of new initiativ...
26 July 2010
Home Buyer Systems - the providers of mortgage and insurance sales systems - has revealed that brokers who have issued Combined Initial Disclosure Documents (CIDDs) in the past to cover mortgage and i...
25 July 2010
Expectation-beating GDP data surprised everyone on Friday and sparked much debate about whether interest rates are likely to go up in the months ahead. There is no doubt that the 1.1% growth in out...
25 July 2010
Average rents across the UK for the first half of 2010 have steadily increased on the same period of 2009, with Scotland recording the highest average growth at 12.39%. Nevertheless, the healthy r...
25 July 2010
The FSA will be able to restrict firms from selling certain products and suspend individuals as ‘disciplinary’ measures when it implements new powers granted to it under the Financial Services Act 201...
23 July 2010
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23 July 2010
Taxpayers get £5bn boost from bank bailout - Published by Mortgage Solutions British taxpayers stand to make a £5bn profit from insuring the toxic assets of RBS and Lloyds, despite not yet having p...
23 July 2010
The number of private landlords experiencing tenant rent arrears has fallen over the last three months, with the average amount outstanding dropping significantly, according to the National Landlords ...
23 July 2010
Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports. Spanish newspaper El Pais says some of those institutions ...
22 July 2010
Property Pads is pleased to announce the launch of a new website aimed at professionals in the property industry. The site brings together Solicitors, Conveyancers, Estate Agents and Letting Agents...
22 July 2010
Aldermore Commercial Mortgages has strengthened the support it provides to intermediaries, with the appointment of Kelly Ebbage to the role of Sales Support Analyst. Kelly Ebbage is responsible for...
22 July 2010
AMI has warned that gross mortgage lending for 2010 may fall short of its previous £150bn estimation. In its Quarterly Economic Bulletin examining the economy, housing and mortgage markets, AMI sai...
22 July 2010
The maximum award the financial Ombudsman (FOS) could order firms to pay in client redress may double to £200,000, a City law firm suggests. An FSA questionnaire sent to a sample of financial firms...
22 July 2010
Equitable Life policyholders will have to wait until the middle of next year for compensation, which could be as little as £400m. This figure is way off the £5bn the Equitable Life Members Action ...
22 July 2010
The closure to new business of National Savings & Investments' (NS&I) index-linked savings certificates will impact every client, IFAs say. Viv King, principal at VK Professional Financial Adminis...
22 July 2010
John Chatfeild-Roberts, CIO of Jupiter and head of the group’s £4.6bn multi-manager range, has urged investors to go back to basics and avoid being tempted into complex products promising unrealistic ...
22 July 2010
Henderson is set to launch the fourth multi-manager product in its tie-up with IFA network Intrinsic, the Cirilium Strategic Income fund. Run by Paul Craig, the Strategic Income fund is expected t...
22 July 2010
Sitanta Ni Mathghamhna looks at why risk management should be a top priority for advisers. The FSA is taking a tougher stance when it comes to compliance-checking financial advice firms, to such a...
22 July 2010
Steve Latto, head of pensions at Alliance Trust Savings, looks at the different investment options available within a SIPP Much has been said about investment flexibility within SIPPs, but what ex...
22 July 2010
The Financial Services Compensation Scheme (FSCS) received almost 20,000 extra investment claims in 2009/10, mostly as a result of the collapse of Keydata Investment Services. In its annual report...
22 July 2010
Four of Allianz Global Investors’ top selling Sicavs have been added to the Investment Management Association’s (IMA) sector classifications following the IMA’s inclusion of offshore funds in January ...
22 July 2010
Tiuta has become the first short term finance lender to join the Association of Mortgage Intermediaries (AMI) as an associate member. The move marks a first for the trade body and signifies Tiuta’s...
22 July 2010
All Types of Mortgages Ltd (AToM), the award winning specialist mortgage packager/distributor is pleased to announce their appointment to the Bank of China’s approved distribution panel. AToM can n...
21 July 2010
MD Pension Solutions has announced the formation of a strategic affiliation with Which Network to offer mortgage intermediaries access to a range of specialist pensions referral opportunities. The ...
21 July 2010
Partnership, the UK’s largest provider of long term care insurance, today declared its support for the Commission on the Funding of Care and Support. Following a meeting with Social Care Minister, ...
20 July 2010
The Mortgage Alliance (TMA) has added Santander Commercial Mortgages to its commercial panel. The link will enable TMA members direct access to the Santander Commercial Mortgage proposition whilst ...
20 July 2010
Today’s announcement that the government intends to cut the grant which supports the Mortgage Rescue Scheme, underlines the need for more practical solutions to the continuing problem of repossessions...
20 July 2010
Goldsmith Williams has reported a 30 per cent rise in equity release completions during the first half of 2010. Richard Espley, Manager of Goldsmith Williams’ specialist equity release division, GW...
19 July 2010
Myths and misconceptions surround index-linked gilts, warns wealth manager HFM Columbus investment director Rob Pemberton – and investors are in danger of misjudging a complex security. “In partic...
19 July 2010
Published by IFAOnline BP is driving a midday rally in London shares after the oil giant’s attempts to stop the oil leak proved successful, although banking stocks continue to slide. Shortly af...
19 July 2010
Published by IFAOnline Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy. Cable says the UK's economic recovery is at...
19 July 2010
Published by IFAOnline AIG, the insurer that received £119bn in emergency funding during the financial crisis, is expected to appoint former Pru CEO Mark Tucker as head of its Asian business, AIA. ...
19 July 2010
Published by Mortgage Solutions The number of repossessions could increase as the housing market recovers and previously lenient lenders show their teeth, the debt charity Consumer Credit Counselli...
19 July 2010
Published by Mortgage Solutions House price gains made in the first half of 2010 are set to be wiped out, due to aggressive pricing and a flood of new sellers coming to market, Rightmove has claime...
15 July 2010
Perspective Financial Group Ltd, the consolidation vehicle for IFA firms, has today (15th July 2010) announced the appointment of Andrew Aldridge as its new Marketing Manager. Andrew joins Perspect...
15 July 2010
IFAs can see annual returns from Autocall Fund at click of a mouse Key investment tool at times of high market volatility Daily market reports LONDON – Citi has today launched a unique new Ann...
15 July 2010
Residential Property Solutions Limited is offering to help sale and rent back firms who are still awaiting full authorisation from the FSA, by fulfilling leads they have generated and paying them a co...
15 July 2010
As part of this year’s Emergency Budget, the government announced that the requirement to purchase an annuity by age 75 was to be removed from April 2011. In the meantime, transitional rules would all...
14 July 2010
14 July 2010: Kleinwort Benson’s Channel Islands Private Fiduciary team has been shortlisted for an award at the prestigious Society of Trust and Estate Practitioners (STEP) Private Client Awards 201...
14 July 2010
Introducer Service With many advisers leaving the industry, or some who have specialised in various sectors of the market, MISL can now provide a bespoke service to supply a full range of financial...
13 July 2010
“Increasingly complex reporting requirements sees huge rise in number of expat Americans renouncing their citizenship” The costs and administrative obligations associated with Non-dom status are ...
12 July 2010
CPPO loan enables people to fund their care while retaining the family home. Fixed interest rate of 6.99% Upon death the property will be sold and the proceeds used to repay the loan, interest and ...
12 July 2010
Aldermore, the new intermediary residential and buy to let lender, has launched a Limited Edition range of residential mortgage products and increased its maximum loan size to £500,000. The Limite...
08 July 2010
Re-issue of plan due to continuing interest in a product that protects against runaway inflation Innovative ‘best-of’ structure can pay the growth of inflation, even if the FTSE 100 falls Invest...
07 July 2010
Engage Client Solutions Ltd. (www.engagecs.co.uk) launched today, a new firm that will provide IFA’s and mortgage firms with the means to reengage with, and secure a sustainable income from their clie...
06 July 2010
Residential Property Solutions Limited has become one of just a handful of specialist firms to receive full authorisation from the Financial Services Authority to undertake sale and rent back activiti...
06 July 2010
Four of Allianz Global Investors’ SICAVs have been added to Cofunds, the leading independent platform for financial planning. The funds added include some of Allianz Global Investors’ most popular SIC...
05 July 2010
SPECIALIST retirement adviser Annuity Direct has appointed its financial planning manager Katherine Oxenham to board director. Having spent over 20 years within the financial services industry, Oxe...
05 July 2010
Aldermore, the new intermediary residential and buy to let mortgage lender, has extended its reach into the directly authorised broker market, by making its products available to all DAs via its distr...
