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How will pensions early access for advice work in practise?

A plan to allow savers to dip into their pensions early to pay for advice has prompted a call for controls to be imposed. Advisers and providers are concerned over how the money would be transferred to clients. Last week the Financial Advice Market Review recommended all-owing people to draw on their pension savings up […]

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Who are the winners and losers from Draghi’s ‘Big Bazooka’ policy shift?

Scepticism is growing over the effectiveness of the European Central Bank’s efforts to kick-start the economy as concerns over banks’ profitability and access to liquid assets take centre stage. Last week, ECB president Mario Draghi unveiled plans to cut rates on the bank’s deposit facility by 10 basis points, bringing it to -0.4 per cent. […]

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PRA proposes minimum buy-to-let underwriting standards

The Prudential Regulation Authority wants to strengthen buy-to-let underwriting standards by insisting on a minimum level of stress testing to ensure loans remain affordable when rates rise. A consultation paper on the future of buy-to-let underwriting says the market is defined by short-term interest-only mortgages that leave consumers vulnerable to hikes in base rate. The […]

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SFO secures arrest warrants for five Euribor traders

The Serious Fraud Office has obtained arrest warrants for five European bankers accused of conspiracy to rig Euribor benchmark interest rates. The five traders at Deutsche Bank and Societe Generale have remained in their home countries to face the charges and failed to appear in court, lawyers for the SFO said at Southwark Crown Court, […]

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