Press releases for August 2010
Press releases are shown below. Please email info@cherryplc.co.uk to arrange for your Press Releases to be displayed
01 September 2010
The average detached family home has increased in value by £91 a day over the past year, more than any other type of property, according to Halifax. Research by Halifax using its own house price d...
01 September 2010
Over the last 12 months tenant arrears have remained stable or fallen, according to 84% of landlords. Research carried out by LSL Property Services, owner of the UK's biggest lettings agent networ...
01 September 2010
This coming Saturday, 4 September 2010, sixteen intrepid cyclists from the financial services industry will set out from Lowestoft, East Anglia on a trip that will take them from the most easterly poi...
01 September 2010
Independent research* commissioned by Aldermore, the new British bank, has revealed the true extent to which the UK housing market is being held back because of banks’ and building societies’ reliance...
01 September 2010
Former Axa Framlington CEO Robert Kyprianou has joined Gartmore as an independent non-executive director. Kyprianou retired in September last year but said he was "looking forward" to a role on th...
01 September 2010
Leading UK statisticians are questioning government plans to link the state pension and other key benefits to the consumer prices index (CPI). In a letter to the chair of the UK Statistics Authori...
01 September 2010
Standard Life today says it expects a net headcount reduction of some 500 employees over the next 15 months as it rolls out the second phase of its group restructure. It will phase out up to 600 e...
01 September 2010
The Mortgage Works (TMW) has extended its buy-to-let range to offer landlords greater choice and flexibility. The new deals include a one-year tracker with no early repayment charges (ERCs) and 80...
01 September 2010
New bank Aldermore said UK banks are using credit scoring as a "blunt tool" to turn away borrowers in their thousands. Banks have raised the credit scoring bar, said Aldermore, meaning creditwort...
01 September 2010
Over 1,500 mortgage schemes were introduced into the UK mortgage market in August indicating the biggest monthly increase in over 20 months, according to a monthly product survey from Mortgage Brain. ...
01 September 2010
A recent survey carried out by Assurant Intermediary amongst 2000 UK mortgage brokers and intermediaries has revealed that 28 percent see the internet and aggregators as one of the biggest threats to ...
01 September 2010
Conti, the UK’s leading overseas mortgage specialist, has launched a service which offers some of the best available overseas property deals from carefully chosen agents, developers and foreign banks....
31 August 2010
Just under half of UK employers will level-down their pension schemes in order to meet the cost of auto-enrolment, a survey from the ACA suggests. According to the study, 41% of employers are ‘lik...
31 August 2010
A consortium of IFAs and investors in Lifemark, including Norwich & Peterborough (N&P), have united to try to save the troubled fund, amid criticism Keydata founder Stewart Ford is making "impossible"...
31 August 2010
Gross mortgage lending by mutuals grew 11% in July to £1.995bn, the highest monthly total so far this year, according to the BSA. In June 2010, gross mortgage lending was £1.798bn. Net lending ...
31 August 2010
Mortgage lending in July was little changed month-on-month and against the previous six month average at 48,722. The July figures from the Bank of England are just 176 loans higher than the six-mo...
31 August 2010
RCM, a company of Allianz Global Investors, has appointed Carlos de Leon as an analyst and portfolio manager in their Global Emerging Markets team. As part of the team, Carlos will particularly fo...
31 August 2010
Santander is in administrative meltdown. In the first six months of this year the Spanish banking giant received 245,000 complaints – equivalent to about 1,300 every day of the week. In recent weeks, ...
31 August 2010
The government could make a profit of as much as £27 billion from the bailed out banks Lloyds and RBS over the next five years, according to new analysis. Trade magazine The Banker said the taxpaye...
31 August 2010
AXA Investment Managers’ Richard Marwood believes inflation will remain ‘stubbornly’ high into next year as currency weakness, combined with 2011’s hike in VAT, filter through the financial system. ...
31 August 2010
The FTSE opened lower in morning trade on Tuesday as investor confidence was hit by stock sell-offs in the US and Asia. In London the FTSE opened down 1.32%, or 68.51 points, to 5,133.05, losing g...
31 August 2010
Housing market activity registered a fourth consecutive month of annual growth in August, with increased remortgaging activity supporting the stronger performance of valuations during the month. T...
31 August 2010
UK consumer confidence jumped in August according to an official poll, despite the government's austerity drive and fears a double-dip recession could be around the corner. This is the first rise ...
27 August 2010
Atlantic Financial Management provides free Pocket Guide to Benefits and Tax Credits www.atlanticfinancialmanagement.co.uk Leading debt solutions provider, Atlantic Financial Management, is ...
25 August 2010
MD Pension Solutions has added two IFAs to the team as it looks to widen its offering to encompass investment advice. The IFA positions have been created as a direct result of increased demand to o...
25 August 2010
Andrew Sentance is the lone voice in the Monetary Policy Committee (MPC) calling for interest rates to rise. What are the advantages and disadvantages of raising rates and should it happen now? Pa...
25 August 2010
More customers have been duped, former employee claims Abbey Brokers Limited may owe up to £3m to clients after advising them to remortgage their properties and hand the cash over to its director, ...
25 August 2010
Tony Vine-Lott, director general of the Tax Incentivised Savings Association, contrasts the attention given to saving for holidays to pensions. This is the time of year when everyone used to pack ...
25 August 2010
Predictions of a rate rise to 8% by 2012 are still just opinion said a debt management adviser, adding that paying off debt is good preparation for the certainty of a rise at some point. Steve Ree...
25 August 2010
Adviser Alliance(AA)has bemoaned the rise of consumer power in light of the first successful Keydata claim and says advisers should not “carry the can” for company failings. Last week, Norwich and...
25 August 2010
A former Park Row adviser has decided to leave the IFA sector because he is fed up with waiting for the FSA to re-authorise him. Adrian Owen was a Luton-based adviser at Park Row Associates until...
25 August 2010
Goldsmith Williams, the direct conveyancing firm, is trialling a new facility which will provide brokers who use Goldsmith Williams’ conveyancing service with a free client credit check, valuation and...
25 August 2010
Remortgage activity ‘static’ but potential for improvement remains Conveyancing Alliance Ltd, the online conveyancing distributor, has today (25th August 2010) revealed a strong quarterly and year-...
24 August 2010
Assetz House Price Watch reveals that average UK property prices were 6.1% higher this July than last, currently standing at £200,913. The figures from Assetz, which attempts to provide a compreh...
24 August 2010
Landlord confidence has taken a hit in the last three months, according to a survey, but 42% of landlords still think now is a good time to invest. Increasing tenant demand has fuelled optimism ...
24 August 2010
The bank lending figures out today confirm lending is still weak to non-financial companies, which the British Banker's Association said was the result of ‘sluggish demand.' However, complaints a...
24 August 2010
The Financial Services Authority has fined Zurich Insurance £2.27 million for the loss of computer back-up tapes containing the details of 46,000 policy holders. Zurich failed to have the systems...
24 August 2010
The FSA will recruit 30 more lawyers and investigators to combat commercial crime, even as it faces being broken up, according to reports. The government intends to merge the regulator's enforcem...
24 August 2010
Some of the proposed changes to pensions set out in the emergency Budget will have a negative impact on women, according to RBC Wealth Management. RBC, the international division of the Royal Bank...
24 August 2010
Smaller lenders are more likely to pass on the fall in swap rates than the bigger lenders, according to advisers. UK swap rates have fallen in the last three days by 0.1-0.3 per cent, data from onl...
24 August 2010
One in five parents readying themselves for retirement anticipate giving their adult children financial help, while 30% of their offspring are relying on it, according to Aviva. Research by Aviva...
24 August 2010
Tiuta has reduced its closed bridge rates to 1% from 1.5% and cut the cost of upfront legal fees from £850 to £495. A closed bridge is a homebuyer loan for completed sales with a delay between th...
24 August 2010
24th August 2010: Specialist general insurance provider Assurant Intermediary warns intermediaries that their clients run the risk of paying too much for their buildings insurance by failing to insur...
23 August 2010
Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds. His Mayfair-based company has recruited senior financ...
23 August 2010
Tiuta has reduced its closed bridge rates to 1% from 1.5% and cut the cost of upfront legal fees from £850 to £495. A closed bridge is a homebuyer loan for completed sales with a delay between th...
23 August 2010
The major high street banks are continuing to fail to meet the expectations of their customers, according to a new survey. The poll by Which? Money assessed the performance of banks in their mort...
23 August 2010
The Council of Mortgage Lenders (CML) and HMRC have confirmed plans to launch a joint scheme to create a central, single point of contact to verify borrowers tax and income in a bid to combat fraud. ...
23 August 2010
Absolute return specialist Collins to helm latest WAY fund Aimed at investors looking for stable, consistent returns Fund designed to act as a performance stabiliser in equity-centric portfolios...
23 August 2010
Tiuta has reduced its closed bridge rates by 0.5% and slashed the cost of upfront legal fees. In addition to Tiuta’s recent decision to increase its LTV levels across a number of bridging product a...
23 August 2010
Britain's largest banks are to warn the Coalition Government that its shake-up of financial regulation risks creating an "accountability gap", The Sunday Telegraph understands. Financial sector tr...
23 August 2010
Interest rates could rise substantially to 8% within two years to stave off soaring inflation, new research suggests. Andrew Lilico, chief economist at the Policy Exchange, warns interest rates co...
19 August 2010
A loophole in the FSA's retail distribution review process may allow IFAs to continue advising after the 2012 deadline without obtaining a QCF level four qualification. Peter Williams, head of ind...
19 August 2010
The FSA has fined IFAs nearly £1m during this year, more than three times the sum the industry was billed last year. Figures released by Wolters Kluwer Financial Services under the Freedom of Info...
19 August 2010
Nationwide is set to cut rates by up to 0.20% on selected remortgage products, with the average cut across the range of 15%. The biggest UK building society has cut its two-year fixed rate by 0.19...
19 August 2010
IFAs must take a tough approach to HMRC’s clampdown on tax-planning schemes, write Jonathan Levy and Matthew Greene of law firm Reynolds Porter Chamberlain. Some years ago, the UK Government decid...
19 August 2010
Conveyancing Alliance Ltd, the online conveyancing distributor, has today (19th August 2010) launched a series of new personal search packs, available through its panel of solicitors, which are provid...
18 August 2010
A widow has hit out against Barclays after it refused to honour an £80,000 cheque to place her funds with adviser Darren Lloyd Thomas and suggested she use the bank’s ‘free’ financial advice service i...
18 August 2010
News from financial fools beyond the help of even the Government's basic advice service. Today, the tax dodging Chorley chippy. How about this piece of imaginative accounting from The Chorley Guar...
18 August 2010
An elderly couple caught up in the Keydata collapse have become the first Norwich and Peterborough (N&P) customers to successfully claim the building society mis-sold products, exposing them to "inapp...
18 August 2010
Outmoded computer systems not geared up to cope with age 75 rule change ‘Pathetic’ apathy of life giants condemned by Annuity Direct’s Bullivant Thousands potentially disadvantaged by insurer gr...
18 August 2010
Bupa is offering a free health assessment to all new income protection customers and their introducing intermediary. All new income protection polices purchased between 18 August and 17 October 20...
18 August 2010
The Financial Services Authority (FSA) has succumbed to the lobbying of the UK’s largest platforms and is planning to back down on its proposal to ban unbundled charging structures. A source clos...
18 August 2010
Business confidence is now at its highest level since 2007, data from the business in Britain confidence index has shown. The quarterly index, compiled by bank Lloyds TSB, recorded a net positive b...
18 August 2010
Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show. Sentance wants an...
18 August 2010
Chancellor George Osborne has said the government will not be deterred in its efforts to slash the country’s £155bn deficit, saying that failing to act now would be a greater gamble. Speaking to ...
18 August 2010
Legendary investor George Soros heavily cut back his US weighting in the second quarter as market volatility increased. Soros Fund Management - which has approximately $25bn (£16bn) under manageme...
18 August 2010
The recession has reduced the time left for 'AAA' rated states including the UK to avert sovereign debt crises as their populations age, Moody’s warns. "Genuinely adverse debt dynamics were only e...
17 August 2010
A MASSIVE explosion in the numbers of people living to 85 and beyond will put huge pressures on workers and State funding for the long term care of older people in the next 20 years, according to an i...
17 August 2010
Free UK and international personal tax review for clients Conti, the UK’s leading overseas mortgage specialist, has entered into a partnership with Property Tax International, the market leader in ...
17 August 2010
Aldermore, the new intermediary residential and buy to let mortgage lender, has enhanced its standard product range to include: First time buyers - now accepted up to 80% LTV (minimum age 25) Bu...
17 August 2010
Mortgage brokers should take notice of the facts and not be lulled into a false sense of security by forecasts, says specialist sale and rent back firm, Residential Property Solutions Ltd, following p...
16 August 2010
UK asking prices have fallen 1.7% as sellers outnumber buyers and the seasonal lull combined to take the heat out of the property market. This is the biggest fall in asking prices this year, acco...
16 August 2010
Our first post-war coalition Government has now lasted 100 days; not a great achievement in itself but a convenient moment at which to pause and consider its impact on the financial services sector. ...
16 August 2010
A debt collection agency hired by the FSA to collect unpaid fees has been criticised by the Complaints Commissioner for “hectoring” an advisory business. The unnamed recovery firm's actions did "n...
16 August 2010
Sesame Bankhall Group has reported it issued more than £12.7bn of mortgage applications for the first six months of 2010. It said this makes the group, made up of mortgage club PMS and network Ses...
16 August 2010
Tenet reported on Monday that it has provided more than £1m in financial support to its adviser firms. The majority of the cash been awarded for business development or to help fund acquisition opp...
16 August 2010
The Bank of England (BoE) is still too optimistic on growth and inflation prospects despite downgrading its forecasts, industry experts have claimed. The BoE's quarterly inflation report said the ...
16 August 2010
An IFA has been left bewildered after receiving repeated phonecalls offering a free financial plan by a St James’s Place (SJP) saleswoman. Nanette Strover, director of Wimbledon based Strover Leade...
16 August 2010
IFA network Sesame paid £1.6 million to buy support services provider Bankhall, accounts for the enlarged group have revealed, dispelling speculation at the time of the deal that it had bought it for ...
16 August 2010
Lending to small businesses has continued to plummet, falling a further 20% over the last quarter. The Government's Enterprise Finance Guarantee Scheme was supposed to make £1.3bn available, offer...
16 August 2010
Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment. The majority of its backers are seeking an exit from the company se...
16 August 2010
Millions of young people face a lifetime of renting, as home ownership becomes an increasingly unattainable goal, the Chartered Institute of Housing (CIH) has warned. CIH figures have revealed tha...
16 August 2010
HM Revenue and Customs collected £238 million too much in tax as a result of taxpayers being given the wrong tax code, according to estimates from accountancy group UHY Hacker Young (UHY). UHY said...
16 August 2010
Johnny Cameron, the former RBS banker blocked by the FSA from taking up senior positions in the City, has set up his own advisory firm. The ex-head of RBS' investment banking arm has launched Caps...
13 August 2010
Over half of estate agents think buy-to-let lending should be regulated by the Financial Services Authority (FSA) according to research by movewithus. The property specialists said 51 per cent of t...
13 August 2010
In recent years Mayfair has become an alternative to the City for various banks and hedge funds to set up their offices, and now Masthaven has joined the ranks in making the move from East to West – r...
13 August 2010
IFAs are increasingly taking out business disruption insurance against regulatory investigations, according to a City law firm. Nervous advisers feel they may be next on the HMRC’s ‘hit list’ afte...
13 August 2010
The Financial Services Authority has apologised after it mistakenly sent out emails to 400 firms telling them they faced a £250 fine for overdue regulatory returns. The regulator said that it had ...
13 August 2010
Around 25,360 people came to Citizens Advice with mortgage repayment problems between April to June this year and the charity fears the number can only escalate. The charity said despite the fall...
13 August 2010
Aviva has turned down an estimated £5bn bid from rival RSA for its general insurance operations in the UK and other markets. Sky News reports the Aviva board immediately rejected the offer, which ...
13 August 2010
Pension adviser Rockingham Retirement has been ordered to cease all investment advising activities by the FSA. The Peterborough-based firm, registered as Rockingham Independent, has had its permis...
13 August 2010
Housing transactions increased for the second consecutive month in July, rising 11.1% on June to around 72,100, according to the latest research. The LSL Property Services and Acadametrics house p...
13 August 2010
Scrapping of Hips helps to drive property market Housing market activity has doubled since January, mainly because of the abolition of home information packs (Hips) according to LSL Property Servic...
13 August 2010
Borrowers are being rejected at record rates, often for very minor indiscretions like being late with a credit card payment, said an industry expert. One major lender admitted privately to rejecti...
13 August 2010
The Mortgage Business Expo 2010, taking place from 10 to the 11 November, has opened for registration. The free to attend exhibition will be taking place at Olympia 2 in London's Earl's Court. ...
13 August 2010
German GDP grew 2.2% in the second quarter, the largest gain in more than 20 years. Driven by a surge in investment and exports, the preliminary quarter-on-quarter reading was well above economist...
13 August 2010
The Cautious Managed sector maintained pole position on Cofunds in July as advisers continue to focus on multi-manager funds. Cautious Managed was the highest-selling sector on the platform, grabb...
13 August 2010
Nuns to sue Deutsche Bank and Morgan Stanley Three groups of nuns are leading a £3.2m lawsuit against Deutsche Bank and Morgan Stanley. The Sisters of Charity of Jesus and Mary, the Holy Faith ...
13 August 2010
The popularity of fixed rate mortgages has risen sharply in the last three months, accounting for more than 60% of new loan applications, according to the inaugural National Mortgage Index. The in...
12 August 2010
Cresco Capital advances to underpin Business Growth The substantial withdrawal of bank finance seen over the course of the last 3 years has created a financing vacuum in the UK corporate lending ...
12 August 2010
Goldsmith Williams has encouraged brokers not to completely discount the remortgage market, despite its depressed state, saying opportunities still exist. Eddie Goldsmith, senior partner at Goldsm...
12 August 2010
The FSA has been incredibly prolific and industrious recently with their thematic reviews and projects examining areas such as pension switching, structured products and platforms. One of the late...
12 August 2010
Tony McLoughlin, investment director at London & Capital, discusses how the investment challenges facing Americans living and working in the UK can be alleviated. With some 182,000 Americans curre...
12 August 2010
Bob Bullivant, CEO of Annuity Direct, warns advisers to proceed with caution when placing annuities. Placing an annuity is easy: just look at a set of rate tables and those nice people at the FSA ...
12 August 2010
As IFAs prepare their businesses for RDR, Maria Merricks finds out how to attract wealthy clients and hold onto them. Arguably the biggest challenge for IFAs setting up new businesses or smaller f...
12 August 2010
The FSA has issued a warning against Sevenoaks-based sole trader Mark Ainley for breaching his authorisation by entering into sale and rent back agreements. The regulator said it had received info...
12 August 2010
Government Whip and MP for Norwich North Chloe Smith is calling for an official meeting with Hector Sants on the FSA's role in Keydata's collapse. The Conservative minister wants to meet Hector Sa...
12 August 2010
The minister for business and enterprise has taken up an IFA's complaint against Barclays after the adviser was offered 'extortionate' terms of lending. Kim Barrett, proprietor of Hertfordshire-bas...
12 August 2010
Goldsmith Williams, the direct conveyancing firm, says that there are still remortgage opportunities for brokers, despite the depressed state of the market. Eddie Goldsmith, Senior Partner at Golds...
11 August 2010
Current VAT rules threaten to penalise clients paying in instalments and could undermine the RDR's aims, warns Skandia. Investors who choose not to pay for advice up front will be subject to 20% V...
11 August 2010
HM Revenue & Customs (HMRC) has sent a letter to 600 offshore account holders asking them to inform on their advisers' involvement in tax avoidance. In a letter sent this week and seen by IFAonlin...
11 August 2010
Unconfirmed reports suggest LSP Property Services has started due diligence on Pink Home Loans in a bid to takeover the mortgage network. Money Marketing reported this morning that LSL Property Se...
11 August 2010
The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year. GDP growth was estimated to have risen 1.1%...
11 August 2010
Property Portfolio Rescue (PPR), the UK-based residential property landlord, has today published the results of its quarterly Distress Index. The Distress Index uses data on the latest PPR enquiries ...
11 August 2010
To view the release please download document below
11 August 2010
The big high-street banks have been busy reporting their interim results and the picture is looking pretty rosy when you consider the state most of them were in just a year or so ago. Losses have been...
11 August 2010
August 11 2010: INSYNERGY is delighted to announce that Chris Howard has joined the Company as Discretionary Sales Manager. Howard joins with 15 years of asset management experience. Most recent...
11 August 2010
The property market recovery has finally run out of steam as the lack of homes for sale driving the demand is no longer an issue. The RICS survey is the latest in a growing number of indicators s...
11 August 2010
Mike Riddell, member of the M&G bond team, explains why the UK is now starting to face a slowdown. The July RICS survey continued the worrying trend of weaker UK data that has been in evidence sin...
11 August 2010
Standard Life UK profits fell in the first half of the year, despite strong sales figures, largely due to pensions outflows. Pre-tax profits on an IFRS basis were £76m, down from £80m for H1 2009....
11 August 2010
Politicians and bankers are the least trustworthy professionals according to the British public. Research from the Co-operative Bank shows of 3,000 respondents, 57% distrusted politicians the most...
11 August 2010
Last night’s Panorama programme has caused a heated debate within the financial and legal communities over will writing. The programme, Wills: The final rip off?, exposed malpractices by will writ...
11 August 2010
You'd never poke an angry snake with a stick, unless you're very bored or a little reckless. That is unless you're moneysupermarket.com, which did the equivalent with a harassed and crotchety mortgage...
10 August 2010
Following an increase in the number of its advisers over the last six months, Linx FS has joined the Personal Touch Financial Services (PTFS) network. The Linx FS offering remains unique in the ma...
10 August 2010
The cost of the Financial Services Authority's (FSA) clampdown on the mis-selling of payment protection insurance (PPI) could rise to £3.2 billion, up from the up to £3 billion cost the regulator had ...
10 August 2010
Advisers have been urged to check will writers they recommend to clients are members of a recognised trade body, as a Panorama investigation uncovers malpractice in the unregulated sector. Wills: ...
10 August 2010
Perspective Financial Group Ltd, the consolidation vehicle for IFA firms, has today (10th August 2010) announced the appointment of Julie Hepworth as its new Group Regulatory Manager. Julie joins P...
10 August 2010
The whole of Savills Lending Solutions’ workforce of eight has been placed into consultation as of today, it has been confirmed. The staff under threat of losing their jobs at the Essex-based firm...
10 August 2010
10th August 2010: Specialist general insurance provider, Assurant Intermediary, claims mortgage brokers and intermediaries are ideally placed to maximise the revenue potential from selling general in...
10 August 2010
The BBC Panorama investigation into the world of unauthorised will writers, broadcast on Monday 9th August, has yet again highlighted the need for brokers to exercise care when recommending third part...
10 August 2010
Conveyancing Alliance Ltd, the online conveyancing distributor, have today (10 August 2010) announced new price cuts for transactional conveyancing fees with up to a 25% reduction in the cost. Now ...
09 August 2010
Home & Capital, the award-winning equity release specialist, remains open for business following the acquisition of its parent company, Sovereign Reversions plc, by Grainger plc, the UK’s largest list...
09 August 2010
Mortgage fraud has nearly quadrupled in value during the first six months of 2010 and is over half of all fraud committed in the UK, reports KPMG. Fraudsters committed 21 cases at a cost of £96m c...
09 August 2010
Property Portfolio Rescue (PPR), the UK-based residential property company, has today (9th August 2010) launched its ‘Stop the Repossession’ service to the advisory market providing a quick and discre...
09 August 2010
How to use social media without breaking FSA rules Mortgage Solutions correspondent Maria Merricks reports on how advisers can use social media sites such as Facebook and Twitter without feeling th...
09 August 2010
Senior Conservative MPs are “appalled” at the in-fighting and lack of focus within the IFA sector, according to Michael Johnson, a research fellow at the Centre for Policy Studies. Johnson was secr...
09 August 2010
Tiuta has increased its LTV levels, which are all based on an open market valuation (OMV), across a number of bridging product areas to allow investors, landlords and property developers greater flexi...
09 August 2010
Experts are bracing themselves for a "firesale" of protection products next year ahead of a rule change which could see premiums soar by 10%. Some are predicting a 5-10% increase in the price of p...
09 August 2010
Tenants are in a renting "cross-fire" as few can afford to buy and rents are likely to spiral higher in the coming years. Almost half of renters forecast rents will keep on rising to create the fif...
09 August 2010
Staff resignations doubled at the FSA in Q2 ahead of Government plans to split the regulator and the rise of more lucrative opportunities in the private sector. A total of 121 employees resigned f...
05 August 2010
Broker mortgage products currently outstrip direct-only deals by 3807 to 1401 respectively, according to TrigoldCrystal. Its Product Index revealed that the total number of available deals on the m...
05 August 2010
Alliance & Leicester for Intermediaries is to be merged into Abbey for Intermediaries from 15 October, creating one intermediary brand - Abbey. Alan Mathewson, managing director of intermediary di...
05 August 2010
The FSA has come under pressure to be more open over its investigations, and is facing accusations that it is failing in its duty to consumers. It comes after the FSA declined to comment on whether...
05 August 2010
IFAs should take a "holistic view of financial planning" warns MetLife-UK after new analysis has found that sales of offshore bonds account for nearly half of all investment bond sales Peter Carte...
05 August 2010
The Retail Development Review (RDR) will force consumers to pay more for advice, according to adviser forum Panacea. Panacea said it was the unintended consequence of the RDR that the people who we...
05 August 2010
Schroders posted a £1.8bn net retail inflow in the second quarter of the year, helping to propel its first half net retail sales to £5.1bn. The first half net retail sales figure is more than doub...
05 August 2010
Barclays has posted profits of £3.95bn for the first half of 2010, up 44% on the same period last year. The bulk of the profits were provided by the group's investment banking arm, Barclays Capita...
05 August 2010
Aviva recorded a 21% jump in operating profit in the first half of the year, with the insurer declaring 6% dividend increase. In the six-month period to 30 June, Aviva's IFRS operating profit rose...
05 August 2010
Retirement at 66 within five years - papers The pension age could be raised to 66 within five years, far sooner than expected as life expectancy increases rapidly. Statistics published Thursday...
05 August 2010
Conveyancing Alliance Ltd, the online conveyancing distributor, has today (5th August 2010) announced a new limited offer special remortgage deal, the ‘Rapid Remortgage’, at an ultra-competitive price...
05 August 2010
5th August 2010: Specialist general insurance provider, Assurant Intermediary, urges intermediaries not to ignore the residential rental market as a potential source of business. Kevin Paterson,...
04 August 2010
An illegal immigrant has been jailed for three and a half years after carrying out a £500,000 tax fraud. Ukrainian Dmytro Shepel, 25, registered 350 fake identities on the Self-Assessment tax syst...
04 August 2010
A certified financial planner has fired a series of parting shots at the CII after quitting the organisation over threats to discipline him for failure to submit CPD records. The IFA, a managing d...
04 August 2010
All Financial Services Authority (FSA) should be required to hold at least the level one Financial Practising Certificate. In an interview with FTAdviser.com, Godfrey Bloom, MEP for Yorkshire and L...
04 August 2010
Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers. Sir John Gieve, an ex-deputy Governor, and Ch...
04 August 2010
Axa Wealth reported new business rose 45% to £1.9bn in the first half of 2010, helped by its Elevate wrap and a hike in the sales of personal pensions and offshore bonds. This part of the business...
04 August 2010
The Lloyds Banking Group has returned to profitability after posting a £1.6bn before tax profit in the first half of the year. Lloyds has rebounded strongly from a £3.96bn loss over the same perio...
04 August 2010
Aldermore Mortgages has launched an end-to-end loan origination and servicing system with DPR Consulting. The DPR platform automates much of the mortgage process to offer greater efficiencies and ...
04 August 2010
The housing market continues to show signs of slowing, with Halifax reporting that annual house price growth fell to 4.9% in July from 6.3% the previous month. Yearly property price inflation, whi...
04 August 2010
The RDR could lead to the term ‘adviser' being used exclusively for firms rather than individuals as well as the launch of new 'advisory chambers', according to AIFA. It a new report Advice Horizo...
04 August 2010
Excess Waiver Insurance We're delighted to announce that Excess Waiver Insurance is available as a further extension to our home insurance contract. This insurance refunds excess payments, which ...
04 August 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...
04 August 2010
RBS is set to announce the sale of 318 branches to Spain's Santander as the UK lender offloads the former Williams & Glyn's network. Santander beat off rivals, including National Australia Bank, i...
03 August 2010
The Financial Services Authority (FSA) has fined Royal Bank of Scotland Group (RBS) £5.6 million for UK sanctions controls failings. The FSA found RBS did not have adequate systems and controls in ...
03 August 2010
BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade. Doll, the group's vice chairman and chief equity strategist for fundamental equ...
03 August 2010
Laurent Kssis at LaBranche Structured Products Europe (LSPE) discusses weekly European ETF trades Market makers were busier in the last week of July than they were earlier in the whole month, as g...
03 August 2010
Financial advisers have forecast a 7.2 per cent quarter on quarter increase in mortgage business during the third quarter of 2010. This is the sixth consecutive quarter that brokers have predicted...
03 August 2010
Aviva has signed an exclusive five-year agreement with Santander to distribute Aviva's life protection insurance products in the UK from June 2011. The agreement covers the sale of Aviva's core p...
03 August 2010
Barclays Bank is sending female staff members into prisons across the country to recruit inmates as new customers. The High Street bank has chosen the unusual tactic to boost the number of account...
03 August 2010
London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%. Similar to other European indices, the FTSE was down 38.93 points to 5,358....
03 August 2010
Nationalised lender Northern Rock has returned to profit in the first half of the year. Pre-tax profit for Northern Rock Asset Management, dubbed the ‘bad bank', came in at £349.7m, more than a £1...
03 August 2010
Ashcourt Rowan's operating profit fell to £2.72m for the year to 31 March compared to £2.96m the previous period, as the wealth manager completed its merger into Syndicate Asset Management. Howeve...
03 August 2010
Specialist lender, CHL Mortgages, has today revealed the results of its second survey of landlord customers with landlords slightly less positive about the outlook for the buy-to-let market in the UK ...
02 August 2010
Goldsmith Williams says that the recent closure of the law firm Norman Saville & Co, which also traded as UKconvey, should act as a salutary reminder to all mortgage brokers to only recommend conveyan...
02 August 2010
New era in fund management heralded with launch of triumvirate of funds* – designed to benefit investors by linking charges to PERFORMANCE. Win-win for investors – Freestyle Growth Fund boasts rad...
02 August 2010
New role focuses on compliance for EuroDebt, Atlantic and MoneySave brands Leading debt solutions business, the Pentagon Group, has created a new role to provide its network of franchisees and intr...
02 August 2010
Secured loans consulting (www.sl-cs.co.uk) are delighted to offer a new 90% LTV product to its introducers. The product has been provided by a new lender entering the market, where only employed ap...
02 August 2010
Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA. The £2.1bn taken was broadly in line with the average for the last 12 months, aft...
02 August 2010
House price growth 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%, largely due to a shortage ...
02 August 2010
The strong growth in the £500,000 mortgage market is slowing, according to consultancy Knight Frank Finance. The firm reported that the number of £500k+ mortgage completions rose by 122% in July bu...
02 August 2010
The FTSE 100 opened higher, up 0.86% or 45.31 points to 5,303.33, as the UK’s biggest banks prepare to announce their half-year results. HSBC is expected to report a 60% rise in first-half profits...
02 August 2010
Safe Home Income Plan (SHIP) figures have revealed that the equity release market shrank from £213m in Q1 to £197m in Q2, while average market advances increased slightly from £45,251 to £45,702 over ...
02 August 2010
Lack of new house building will prevent the return of plummeting property prices and drive their recovery, economics consultancy the centre for economics and business research (cebr) has claimed. ...
02 August 2010
Law firm ELS International has denied that £5 million it held on behalf of the Stirling Mortimer Global Property fund has been misappropriated. ELS International said it had launched the investiga...
02 August 2010
The FSA's enforcement and financial crime division is investigating six firms over their promotion of unregulated collective investments (UCIS) to clients after a review of advice on such investments ...
02 August 2010
Chancellor George Osborne has called for a tight rein on pay and bonuses and increased lending from the banks as they prepare to announce a recovery in profits this week. He has called for a more ...
02 August 2010
The Mortgage Alliance (TMA) has boosted its general insurance (GI) panel with the addition of Safe&Secure Insurance Services. Through the link TMA has become the first mortgage club to promote the ...
02 August 2010
Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession. Speaking to NBC, Greenspan says the US economy might...
02 August 2010
The FSA's new bonus rules are "fraught" with legal problems which could lead to endless challenges through the courts, PricewaterhouseCoopers (PwC) warns. A provision set to be brought in next Jan...
