Money Marketing
Nicola York Editorial
Nicola joined Money Marketing in June 2005 after studying a postgraduate diploma in Journalism at City University, London. She joined as features writer and moved onto the news desk as protection reporter a year later. She has held a number of roles at MM including deputy news editor and deputy features editor and has covered the life, pensions, mortgages and politics beats. In 2008, she was named ABI life insurance and investment journalist of the year.
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Analyst "nervous" about outlook for Henderson
18 Dec 2009
Jefferies International says it has concerns over the outlook for the asset management firm.
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Bank bailout could have been dodged if bonuses 20 per cent lower
18 Dec 2009
The Bank of England says the crisis could have been avoided through lower bonuses.
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Webb fears sole bidder undermines policy
18 Dec 2009
Liberal Democrat Shadow Work and Pensions Secretary Steve Webb says Tata Consultancy Services has the Personal Accounts Delivery Authority “over a barrel” now that it is the only administration firm left in the bidding process.
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Gross mortgage lending drops 10 per cent in November
18 Dec 2009
The expected seasonal decline is larger than normal.
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BoE says UK "significantly" more financially stable
18 Dec 2009
Government support for the banking system has underpinned recovery.
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Deutsche Bank to "globalise" bank bonus tax
18 Dec 2009
The investment bank says it is unfair to treat UK bankers differently from overseas staff.
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Which? attacks Co-op conveyancer charges
18 Dec 2009
Which? has slammed Co-operative Financial Services for charging mortgage borrowers twice the price for conveyancing work if they choose a sole practitioner solicitor
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Hargreaves Lansdown plans corporate wrap
17 Dec 2009
Hargreaves Lansdown is developing a corporate wrap account to be launched in spring 2010.
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Labour MP Cousins says pension delays betray the lowest-earners
17 Dec 2009
Labour MP Jim Cousins slams the Government for delayed implementation of personal accounts.
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HBOS uses fake name to hide £500,000 event
17 Dec 2009
The state-backed bank booked a 3,000-head event under the name “One Team”.
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UK bank sector set to shrink
17 Dec 2009
An MPC member warns the sector will have to become smaller after the credit crunch.
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Darling urges bankers to show restraint
17 Dec 2009
The Chancellor says bankers should demonstrate they “live on the same planet as the rest of us”.
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Park Row advisers in limbo as they wait for FSA
17 Dec 2009
Advisers told it could take up to three months for FSA to re-authorise them.
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Housing minister slams parents' homebuying help
17 December 2009
Advisers have hit out at Labour housing minister John Healey after he suggested the Government should tackle the culture of parents helping their children in the property market.
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RDR: FSA register to hold data on adviser qualifications
16 Dec 2009
The FSA is proposing this to boost consumer confidence in the industry.
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CML's Coogan says MMR "largely irrelevant"
16 Dec 2009
CML director general says “treatment could harm the patient”.
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Pru appoints new Asia fund chief
16 Dec 2009
Prudential Corporation Asia appoints Graham Mason as fund management chief executive.
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Court rules Standard Life must pay out pensioner for sterling fund loss
16 Dec 2009
The insurer has been ordered to pay out to individual who lost money before the revaluation.
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Treasury to unveil investment banking safeguards
16 Dec 2009
Raft of proposals aimed at reducing legal issues after a bank collapse.
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Treasury says banks will pay £1bn in bonus tax
15 Dec 2009
The Treasury says it is expecting banks to pay £1bn in bonus taxes.
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Nationwide cuts fixed and tracker rates
15 Dec 2009
The building society is cutting rates by up to 0.29 per cent.
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Chancellor will not move on bonus tax
15 Dec 2009
The Chancellor will not water down the supertax on bonuses despite warnings of a City exodus.
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LibDems say Tata has Pada "over a barrel"
14 Dec 2009
The news that another administrator has pulled out of the personal accounts bidding process is an “alarming development”.
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One admin firm in running for personal accounts as GWRS pulls out
14 Dec 2009
Further administrator pulls out of Pada race leaving just one.
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EU approves RBS restructure
14 Dec 2009
The European Commission has approved the restructuring of RBS.
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Cameron will force MPs and peers to pay tax in UK
14 Dec 2009
The Conservative leader promises to introduce the legislation quickly if they win the next election.
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Start-up bank in UK is set for launch
14 Dec 2009
The first start-up bank in the UK for a century is waiting for approval from the FSA.
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Housing minister says homeownership dream may be over
11 Dec 2009
Govt minister hits out at first-time buyers who use parental assistance.
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Approved person regime will be a costly move for advisers
11 Dec 2009
Nationwide worried about new mortgage AR regime although CII support it.
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Remortgage barriers could see switch to trail payments
11 Dec 2009
Industry experts predict a move to trail commission due to lack of remortgaging.
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Mortgage Brain acquires software platform from Enterprise Group
10 Dec 2009
Mortgage Brain has bought The EdgeV2 software platform.
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Relief rate will be over 66% for salary sacrifice
10 Dec 2009
The further 0.5 per cent increase in NI will lead to an effective 66.3 per cent tax relief rate for salary sacrifice.
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MPC votes to hold base rate at 0.5 per cent
10 Dec 2009
The Bank of England is holding base rates at 0.5 per cent.
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House purchases highest since Dec 2007
10 Dec 2009
The CML has released figures showing that house purchases reached their highest level since December 2007.
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Crime chief Robinson leaves FSA after 12 years
10 Dec 2009
FSA director of financial crime Philip Robinson is leaving the regulator in December after 12 years.
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Park Row advisers face FSA delays
10 Dec 2009
Advisers are facing delays in joining new firms due to FSA scrutiny.
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70% MMR is natural change
10 December 2009
Leading mortgage commentators say a lot of the proposals in the FSA’s mortgage market review discussion paper would have happened naturally due to market forces and the credit crunch.
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Bonus tax could hit bank lending
10 December 2009
The Tories and Liberal Democrats poured scorn on Labour’s introduction of a 50 per cent one-off levy on bank bonuses over £25,000, saying it would be about as effective as the lending agreements imposed on the stateowned banks.
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Brown tells FSA to name staff on £150k
10 December 2009
Prime Minister Gordon Brown has called on regulators such as the FSA to name staff earning more than £150,000.
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Cost forecast for bank bailouts cut to £10bn
10 December 2009
Chancellor Alistair Darling has revised his forecast of the losses from bailing out HBOS, Royal Bank of Scotland and Northern Rock from £50bn to £10bn.
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FSA failed on register warning
10 December 2009
Industry experts say FSA should have introduced individual register with M-day.
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HSBC ends Charcol deal for direct focus
10 December 2009
HSBC has ended its mortgage partnership with John Charcol saying it intends to focus on direct mortgages for the immediate future.
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Osborne sees sleight of hand over deficit
10 December 2009
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Regulators unmoved at blocking buyers
10 December 2009
Regulators are undeterred by the fact that tougher supervision of the mortgage market is likely to lead to lower levels of homeownership.
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PBR: Cable says levy on bank profits preferable to bonus tax
9 Dec 2009
Shadow Chancellor Vince Cable says there should be a levy on bank profits.
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PBR: National insurance contributions to rise by 0.5%
9 Dec 2009
Chancellor Alistair Darling has raised National insurance by 0.5 per cent.
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PBR: Darling imposes 50% tax on banker bonuses
9 Dec 2009
Darling has imposed a 50 per cent tax on all banker bonuses over £25,000.
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PBR: Losses from bank bailouts reduced from £50bn to £10bn
9 Dec 2009
Chancellor revises forecasts of losses from bailing out banks.
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PBR: Mortgage support scheme extended for six months
9 Dec 2009
Mortgage support scheme will be extended for six months.
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Northern Rock shares deemed worthless
9 Dec 2009
Independent valuer says NR shareholders should not be entitled to compensation.
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Northern Rock starts legal and capital restructure
8 Dec 2009
Northern Rock will complete the restructuring of the company by January 1 2010.
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Raise CGT to 20 and 40 per cent, says Tory Lord
7 Dec 2009
Conservative peer Lord Forsyth of Drumlean is calling for a range of tax measures to tackle the UK’s budget deficit.
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RBS formally enters Govt's asset protection scheme
7 Dec 2009
RBS has formally entered the Government’s asset protection scheme.
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Brown calls on regulators to name staff earning over £150k
7 Dec 2009
Prime Minister Gordon Brown has announced a further £12bn of spending cuts today which included calls for regulators to be more transparent on pay.
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Exact says up to £30bn wiped off UK mortgage portfolios
7 Dec 2009
The third-party administrator says as much as £30bn of value has been wiped off UK mortgage books.
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Darling concedes to Europe over bank bailouts
4 Dec 2009
The UK Government has backed down over European proposals to dictate national bank bailouts.
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ECB to start withdrawing emergency bank support
4 Dec 2009
The European Central Bank is to begin withdrawing its support for the European’s financial sector.
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Loan sector may be frozen out of standards board
4 Dec 2009
AMI warns the mortgage industry may get no representation on the proposed Professional Standards Board.
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HSBC ends mortgage trial with John Charcol
3 Dec 2009
The bank says it will be focusing on its direct mortgage proposition in the future.
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Hope for self-employed loans
3 Dec 2009
Nationwide and Platform both developing new self-employed mortgage products in light of the proposed FSA self-cert ban.
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Aifa waiting to see the effects of EU reshuffle
3 December 2009
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Ailo research aims to reveal scope of mirroring RDR charging abroad
3 December 2009
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Living will fears for insurers
3 December 2009
Royal London is concerned that insurers will be forced to draw up living wills along with banks after it emerged that the Financial Stability Board has drawn up a list of 30 international firms that could be most at risk in the event of a financial global meltdown.
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Mortgage Alliance in off-plan deal for buy to let
3 December 2009
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BBA slams Sarkozy over EU commissioner comments
2 Dec 2009
The BBA has weighed into the spat between the French President and the UK Government.
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Moody's expresses concerns over Yorkshire/Chelsea merger
2 Dec 2009
The ratings agency says there are risks of integrating the two building societies.
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Tories believe Govt must have more say on EU
2 Dec 2009
Shadow minister Mark Hoban says Government should have done more to influence European regulation.
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John Charcol is late in filing 2008 accounts
2 Dec 2009
John Charcol is late in filing its 2008 full year accounts to Companies House.
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Pink adds Manchester Building Society to panel
1 Dec 2009
Pink Group and the Manchester Building Society are to offer a range of mainstream and buy-to-let products to ARs.
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Enterprise Group goes into administration
1 Dec 2009
Enterprise Group has gone into administration but Enterprise Finance is still operating.
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New equity release trade body is launched
30 Nov 2009
The Society of Equity Release Advisers is a new trade body for the sector.
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French commissioner Michel Barnier takes on vital EU regulation post
27 Nov 2009
The European Commission president Jose Manuel Barroso has announced his new team of commissioners.
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MP calls for explanation of emergency loans indemnity
26 Nov 2009
The chairman of the Public Accounts Committee has written to the Chancellor asking why he was not informed of the indemnity provided for emergency loans.
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Abbey brings out new tracker at 2.69 per cent
26 Nov 2009
Abbey brings out a range of lowered trackers and fixed rates.
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Capita chairman stands down
26 Nov 2009
Capita chairman Eric Walters is to stand down from the board next year.
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US judge writes off £300,000 arrears and mortgage
26 Nov 2009
A judge in New York has written off a couples’ arrears debt and has left them mortgage-free.
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Banks should be forced to reveal employees earning £1m
26 Nov 2009
Sir David Walker’s review recommends that banks should disclose the number of employees who earn more than £1m a year.
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80% Say market review won't meet FSA's aims
19 November 2009
Eighty per cent of mortgage brokers believe the mortgage market review will not meet the FSA’s aims to have a market that is sustainable and flexible and works better for consumers.
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AMI appeals for compliance rules to cover lead sites
19 November 2009
The Association of Mortgage Intermediaries is calling for lead-generation websites to be brought under the financial promotion regime.
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AMI wants lenders to check income plausibility with ONS
19 November 2009
The Association of Mortgage Intermediaries is calling on the regulator to allow lenders to verify borrowers’ incomes by using employment data collected by the Office for National Statistics.
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Argos will refer site leads to IFAs
19 November 2009
Argos will put users of its new price comparison site enquiring about mortgages or pensions in touch with one of 5,000 brokers or IFAs.
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Cornell accuses HSBC of sparking dual-pricing
19 November 2009
HSBC’s deals provoked the extremes of dual-pricing among intermediary lenders, says First Action Finance head of communications Jonathan Cornell.
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Discount deals set for big return
19 November 2009
Jonathan Cornell says discounted mortgage deals are set for a comeback.
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FSA sees us as pushers, says CML chief Wyles
19 November 2009
The Council of Mortgage Lenders says it believes the FSA regards mortgage lenders and intermediaries as the “drug dealers at the school gates”, enticing innocent consumers into the mortgage market and then “getting them hooked”.
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FSA will survive until 2014
19 November 2009
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MMR is a hurdle to recovery, warns Imla
19 November 2009
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Mortgage set-up fees double in five years
19 November 2009
Which? research shows jump in arrangement and valuation fees.
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MPs point to prudential problems
19 November 2009
The Treasury select committee says it has “serious problems” with the European Commission’s proposals for macro and micro-prudential financial regulation.
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New lenders may shun brokers
19 November 2009
Nationwide believes new lenders more likely to launch direct-to-consumer products.
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Osborne says he will slim down Treasury
17 Nov 2009
Shadow Chancellor George Osborne says he would narrow the focus of the Treasury if the Conservatives get into power.
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AMI urges extension to stamp duty holiday
16 Nov 2009
AMI is urging the Government to extend the stamp duty holiday until the housing market has recovered.
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Rightmove says house prices will fall for next three months
16 Nov 2009
Rightmove says it expects house prices to fall over the next three months.
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Treasury appoints new MD for financial services
16 Nov 2009
Association for Financial Markets in Europe chief is appointed by the Treasury.
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MPs have serious concerns about EU financial regulation proposals
16 Nov 2009
MPs have produced a report expressing concern over the EU’s proposals for macro and micro-prudential financial regulation.
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FSA will stay until 2014 despite Tory proposals, says AMI
13 Nov 2009
AMI says the FSA is likely to survive until 2014 if the Tories win the next election.
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FSA sees lenders and brokers as "drug-dealers", says CML
13 Nov 2009
CML says the FSA regards lenders and brokers as the “drug-dealers” at the school gates.
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Beacon stops new lending
13 Nov 2009
Beacon Homeloans is understood to have stopped new mortgage lending.
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Tories to look at basic DB plus DC
12 Nov 2009
Tories looking at hybrids to find a way to share the risk between employers and employees.
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Vast majority of brokers say MMR will fail to meet FSA’s aim
12 Nov 2009
Brokers believe new regulations will not create a sustainable and flexible mortgage market.
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IMLA says MMR will hinder recovery
12 Nov 2009
Peter Williams says the regulations could exacerbate the funding shortage.
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Hargreaves Lansdown planning workplace Isa
11 Nov 2009
New savings vehicle would complement the Government’s pension reforms.
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Auditor has concerns over Mortgage Times
12 November 2009
Independent auditors of The Mortgage Times Group have raised concerns about the group’s future after it posted an operating loss of £1.3m for 2008.
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Myners and IMA in contrarian clash
12 November 2009
The Investment Management Association has hit back at Lord Myners’ claims that there is an absence of a contrarian voice in the fund management industry.
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QE boosted to £200bn
12 November 2009
The Bank of England increased its quantitative easing programme by £25bn to £200bn, which goes beyond Chancellor Alistair Darling’s authorised threshold for the scheme.
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Rock could become a mutual again
12 November 2009
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Small firms face pension problems
12 November 2009
Small and medium-sized enterprises will face increased costs and a higher burden of administration due to the Government’s pension reforms, warns the Association of Chartered Certified Accountants.
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Myners to investigate "bullying" by banks
10 Nov 2009
Lord Myners is to look into allegations that RBS and Lloyds Banking Group are “bullying” corporate clients.
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IMA hits back at Myners over contrarianism comments
9 Nov 2009
Myners provokes response from IMA over lack of contrarianism comments.
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Mortgage Times auditors raise concerns about its future
9 Nov 2009
Auditors have concerns that The Mortgage Times Group’s results for 2008 may impact it ability to continue as a going concern.
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Myners calls for contrarian voice in asset management industry
9 Nov 2009
Lord Myners says the asset management industry needs more contrarian views.
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Myners says EU could force future UK bank bailouts
6 Nov 2009
Lord Myners says the EU could force the UK to bail out banks in future if draft proposals go ahead in their current form.
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ACCA warns over auto-enrolment costs burden
6 Nov 2009
SMEs face significant increases in costs and administration due to workplace pension reforms according to ACCA.
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Bank of England increases QE by £25bn
5 Nov 2009
The Monetary Policy Committee votes to increase quantitative easing programme by £25bn.
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MP says Northern Rock 'bad bank' customers are "mortgage prisoners"
5 Nov 2009
Treasury Select Committee MP raises concerns over customers trapped in Northern Rock’s ‘bad bank’
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After the great divide
5 November 2009
Nicola York and Christopher Jarvis on Northern Rock’s restructure and what it means for the industry
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Bulk decision hits Standard sales but Sipps shine
5 November 2009
Standard Life life and pension business fell by 23 per cent in the first nine months of this year to £7.3bn from £9.4bn in the same period of 2008.
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Quarter of IFAs look to buy firms
5 November 2009
Over a quarter of IFA firms are looking to buy adviser businesses in the next year, according to the Owen James IFA performance benchmark report.
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Rule of attraction
November Retirement Strategy
Liberal Democrats Shadow Work and Pensions Secretary Steve Webb says early access to tax-free lump sums will make saving more attractive and warns of a pension vacuum if the Tories are elected. By Nicola York
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Webb wants Omo to be the default through third party
5 November 2009
Liberal Democrat Shadow Works and Pension Secretary calls for Omo to be default for customers approaching retirement.
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Fitch says arrears in RMBS transactions have stabilised
4 Nov 2009
Stabilising arrears are a positive sign for non-conforming RMBS transactions.
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Platform withdraws from self-cert following MMR proposals
4 Nov 2009
Platform will withdraw from the self-cert market at the end of the week due to the FSA’s crackdown.
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Barclays retail head quits after Diamond takes control
3 Nov 2009
Barclays head of retail Frits Seegers quits in surprise move after restructure.
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Moody's downgrades Lloyds' in light of APS opt out plans
3 Nov 2009
Bank downgraded after it pulled out of Government scheme.
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HSBC says 1,700 jobs are at risk
3 Nov 2009
HSBC says 1,700 jobs are at risk of redundancy.
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EU regs could force UK bank bailouts in future
3 Nov 2009
Experts are unsure if the EU’s new powers will mean it can force member states to bail out banks.
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Lloyds testing appetite for second RMB securitisation
30 Oct 2009
Lloyds Banking Group is testing investor appetite for a second securitisation deal according to reports.
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Fitch downgrades Nationwide's outlook to negative
30 Oct 2009
Fitch Ratings downgrades Nationwide’s outlook from stable to negative.
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Fitch downgrades seven building societies' subordinated notes
30 Oct 2009
Fitch Ratings has downgraded seven building societies’ subordinated notes and permanent interest bearing shares.
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Royal London new business up 8 per cent
30 Oct 2009
Royal London total new life and pensions business rises 8 per cent to £1.8bn.
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FSA approach to banker bonuses sparks fears of two-tier pay scales
30 Oct 2009
US financial firms with UK operations worry the FSA’s bank bonus clamp down could lead to a two-tier pay system.
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Lloyds shares surge as £21bn capital raising begins
30 Oct 2009
Lloyds Banking Group expected to sell off parts of Intelligent Finance and C&G.
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House prices rise for sixth consecutive month
30 Oct 2009
Nationwide says house prices have risen for the sixth consecutive month.
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CBI will assess plan B for pensions
30 Oct 2009
Business groups drafted in to review personal accounts plan B before it is presented to the Tories.
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GMAC-RFC customers to get up to £117 each in refunds after FSA action
29 Oct 2009
GMAC-RFC has apologised to customers after the FSA fined it for unfair failings today.
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Darling says "No Rock sale before election"
29 Oct 2009
Chancellor rules out a sale of Northern Rock before the election next year.
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Chancellor to give Lloyds green light for rights issue
29 Oct 2009
Chancellor Alistair Darling will give Lloyds the go-ahead for refinancing plans.
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Standard Life's new business drops 23 per cent
29 Oct 2009
Standard Life UK life and pension sales fall by 23 per cent in its third quarter results.
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Abbey offers two-year 3.65% fix for advisers only
29 October 2009
Abbey is introducing a two-year fixed-rate mortgage of 3.65 per cent available only through intermediaries in a move that advisers are hailing as a return to decent broker products.
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Borrowers will be hit by cap on equity withdrawal
29 October 2009
John Charcol senior technical manager Ray Boulger says the FSA’s proposals for a cap on equity withdrawal will lead to severe consumer detriment.
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Brokers could vouch for the self-employed
29 October 2009
PMS has suggested that brokers could vouch for self-employed clients they have known for three years or more as an alternative to the FSA banning self-cert.
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Dead cert dismays brokers
29 October 2009
A ban on self-cert mortgages is the stand-out issue in the FSA’s market review, reports Nicola York
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McFall wants FSA and BoE managerial fusion
29 October 2009
TSC chair says a management team should sit across both institutions.
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Osborne call to stop bank cash bonuses over £2k
29 October 2009
Conservative Shadow Chancellor George Osborne has called on the Treasury and the FSA to stop high-street banks paying out cash bonuses of more than £2,000.
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Purchase loans up by 77% but remortgages plunge
29 October 2009
The number of remortgage approvals plummeted by 60 per cent to 21,282 last month from 52,717 in September 2008, according to figures from the British Bankers’ Association.
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Select view for so many
29 October 2009
TSC chairman and Labour MP John McFall says the committee will focus on the RDR in coming months.
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Towry calms Ed Jones' clash fears
29 October 2009
Towry Law has sought to reassure advisers of newly acquired Edward Jones that there is no culture clash between the firms after advisers raised concerns over the move to a fee-based model.
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Underwriting warning over affordability and self-cert
29 October 2009
Brokers warn self-cert ban will result in higher costs for borrowers.
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Virgin set to bring in ex-Rock boss after bank licence move
29 October 2009
Virgin Money has submitted an application for a banking licence to the FSA.
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Alastair Campbell says Osborne lacks credibility among the City
28 Oct 2009
Campbell says Osborne is more interested in short-term political tactics than long-term economic policy.
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Investors rush to buy Nationwide's £3.5bn RMBS
28 Oct 2009
Strong appetite among investors raises hopes of RMBS market re-opening.
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UBS banker hired to split up Northern Rock
28 Oct 2009
Senior UBS banker Robin Budenberg set to take over as UKFI chief.
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City hits back at Osborne bonus proposals
27 Oct 2009
The City has slammed Shadow Chancellor George Osborne’s proposals to impose caps on retail bank bonuses.
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ING forced to split by European Commission
27 Oct 2009
ING has been forced to split in two by the European Commission, sending a warning to UK state-owned banks.
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Insurers' fears over EU regs on bank bonds
27 Oct 2009
Insurers are worried European regulations on bonds will hit annuities.
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Nationwide plans £3.3bn RMBS issue
26 Oct 2009
The building society is planning to launch a £3.3bn issue of residential mortgage-backed securities
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Myners threatens investment banks with fee inquiry
26 Oct 2009
City minister Lord Myners says investment banks are charging too much for their services
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RBS seeks to restrict reliance on APS
26 Oct 2009
Royal Bank of Scotland is trying to cut back its reliance on the asset protection scheme.
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Treasury denies plans to split B&B into 'good' and 'bad' bank
26 Oct 2009
The Treasury says it does not plan to split Bradford & Bingley assets.
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Tories push for cap on bank cash bonuses
26 Oct 2009
The Conservatives are urging the FSA and Treasury to limit cash bonuses.
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Northern Rock reduces rates by up to 0.64 per cent
23 Oct 2009
Rates start from 3.65 per cent for a two-year fix
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Virgin applies to FSA for bank licence
23 Oct 2009
Virgin Money has applied to the FSA for a licence to become a bank
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Remortgage loan approvals fall by 60 per cent
23 Oct 2009
House purchase mortgage approvals rise by 77 per cent but remortgages plummet
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Towry Law acquires adviser firm Edward Jones
23 Oct 2009
Towry Law buys UK arm of Edward Jones for an undisclosed sum.
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Analyst doubts pension U-turn
22 Oct 2009
Hargreaves’ Khalaf says it is unlikely the Tories would significantly alter personal accounts.
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Missing a trick
22 Oct 2009
A lack of higher LTV is delaying a full housing market recovery, say Nicola York and Christopher Jarvis
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Harman calls for women on financial firms' boards
22 october 2009
Equalities Secretary and minister for women Harriet Harman says women must sit on the boards of financial services companies to ensure firms understand and are representative of their customers.
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Political accord over after pension clash
22 october 2009
Pensions minister Angela Eagle believes that the political consensus on pension reform has come to an end after a heated exchange in Parliament with the Conservatives this week.
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“Govt unlikely to extend ABS guarantee scheme” says Fitch
21 Oct 2009
Structured finance issuers have not used the scheme.
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Which? alert over contract-out sites
21 Oct 2009
Consumer body warns on websites encouraging individuals to contract-out of S2P.
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Tory Treasury team meets with Sants and senior FSA staff
21 Oct 2009
Top Tories from the Treasury team have met with the FSA to discuss the future of regulation.
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Parliament to debate Govt's rejection of Eq Life recommendations
20 Oct 2009
LibDems will debate the failure of Government to pay compensation to Equitable Life policyholders.
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Pensions minister suggests political consensus has ended
20 Oct 2009
Pensions minister Angela Eagle has suggested that the political consensus over pensions reform has come to an end.
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"Women on FS boards are necessary for understanding customers", says Harman
20 Oct 2009
Equalities secretary of state Harriet Harman says women on the board ensures FS firms understand their customers.
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Gross mortgage lending rises 2 per cent
20 Oct 2009
CML figures show mortgage lending has risen in September.
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Northern Rock launches 80 per cent LTV rates
20 Oct 2009
Northern Rock has launched a new range of intermediary fixed rates.
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Life offices to draw up plan B for personal accounts
14 Oct 2009
Consortium of life offices to draw up plan B to personal accounts to present to the Tories.
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Firms look to plan B for personal accounts
15 October 2009
Life offices form group to develop alternative to personal accounts.
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Government risking legal action on auto-enrolment
15 October 2009
The Tories have raised concerns that a phased approach to auto-enrolment could lead to lawsuits against the Government on the grounds of discrimination.
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Industry to foot money guidance bill under Tories
15 October 2009
The Conservatives have revealed they will saddle the financial services industry with the £2.7bn bill for setting up and running the money guidance scheme if they win the next election.While the present Government plans to co-fund money guidance with FSA-regulated firms, Shadow financial secretary to the Treasury Mark Hoban says a Tory Government would make the industry foot the bill.In its white paper published in July, the Treasury said the generic advice scheme would ...
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Labour in fool's paradise over pensions, say Tories
15 October 2009
Shadow pensions minister Nigel Waterson is in a belligerent mood when Money Marketing catches up with him at the Conservative Party conference in Manchester.
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LSE warns of importance of strong securities regulator
15 October 2009
London Stock Exchange chief executive Xavier Rolet has warned of the importance of maintaining a strong securities regulator.
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Regulation is a balancing act
15 October 2009
Shadow financial secretary to the Treasury Mark Hoban warned that over-regulating financial services will increase provider costs and lead to consumer detriment.
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Setting the boundaries of redrawn regulation
15 October 2009
Nicola York interviews Tory Shadow Treasury Financial Secretary Mark Hoban over the shape of regulatory reforms and the prospects for product regulation
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Tories to overhaul tariff income ruling
15 October 2009
Conservatives to review tariff income rules around savings to make means-testing fairer.
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Osborne miscalculates state pension age saving by £3bn
12 Oct 2009
Shadow Chancellor George Osborne has come under fire after it was revealed that his claim that he would save £13bn by raising the state pension age was disputed by a leading thinktank.
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Barclays to sell off £4bn of assets
12 Oct 2009
Bank looks to clean up books and boost shareholder approval
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Blanchflower says a Tory Govt could lead to a "death spiral" in the economy
12 Oct 2009
Former Monetary Policy Committee member David Blanchflower has criticised the Conservatives for their policy of spending cuts and pay freezes saying the strategy risks turning the UK’s recession into a depression.
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Personal identity
1 Oct 2009
Pada acting chair Jeannie Drake is hopeful that the scheme’s decumulation process will set new standards and has called on the industry not to lose sight of the positive impact she believes the reforms will have on society. By Nicola York
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Aifa chairman John Gummer dragged into expenses row
11 May 2009
Aifa chaiman and Conservative MP John Gummer has been dragged into the expenses row for claiming £9,000 on gardening, the Telegraph reports.
