View more on these topics

Abbey National securitises 10 per cent of mortgage book

The Abbey National is planning to securitise 10 per cent of its £60bn mortgage book according to the Financial Times.


The move is seen as an attempt to free up its balance sheet so it can increase its market share.


This week Abbey will issue a £1bn mortgage backed bond as part of the package to take £6bn of debt from its balance sheet. The latest bond issue follows on from a £1bn offering earlier this year and a £250m issue last year.


Abbey says the move will allow it to balance its books more effectively and provide an alternative source of funding.

Recommended

Age Concern and CGU in joint initiative

Age Concern is aiming to dominate the over-50s financial services market in 10 years with the launch of new financial services venture.Age Concern Financial Services is planning to mobilise the power of the &#34grey pound&#34 by selling a range of branded financial services products through its nationwide network of affiliates as an appointed representative of […]

Revenue announces offshore clampdown

The Inland Revenue is clamping down on UK companies using their offshore subsidiaries to avoid taxation.The crackdown on &#34controlled foreign companies&#34 is part of a wider campaign by the Revenue to recoup the estimated £1bn a year it losses to harmful tax administrations.The legislation aims to counter so called &#34designer rate tax regimes&#34 in Ireland […]

CML warns of the dangers of Cat marking

The Council of Mortgage Lenders is warning that Cat standard mortgages may not be the most appropriate loan type for all borrowers.The CML says it is important borrowers understand that a Cat standard mortgage is not a guarantee it is the most suitable loan to meet their needs and is not a substitute for taking […]

Money Marketing still the IFAs favourite

Money Marketing has overwhelming been voted the IFAs&#39 favourite newspaper for the fourth successive year in the only independent readership research carried out for the industry. Money Marketing is rated top for news, usefulness, comparative product information and credibility and authority with a lead of up to 80 per cent over its rivals. The research, […]

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com