Alliance & Leicester’s entire prime residential and specialist mortgages are now fully available online to all intermediaries, allowing immediate decisions and KFIs to be given. A&L has also cut the rates on its self-cert and prime range and launched its credit-adverse portfolio.
The Woolwich is launching a larger loan mortgage product for amounts over £500,000 as it sees bonuses becoming a reality rather than a future hope. Its second phase of the City Mortgage it launched in October with its “buy now offset your bonus when you get it” message will be Woolwich’s lowest ever lifetime tracker […]
Fidelity has welcomed plans highlighted in the White Paper to minimise the impact on employer schemes and leave the door open for branded provider choice. However, it says the Government must defer auto-enrol- ment of existing employees until 2015 or later.
How events on the world stage are likely to affect the movement of UK equities in 2007
Consumers get a better deal complaining direct rather than using claims management companies, according to research from the ABI.The FSA produced data yesterday showing the industry has now paid out £2.7bn in redress to over 1.8 million customers.The ABI says data shows individual complaining through a CMC typically receive around £1,400 once CMCs received their […]
Join Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), for a webinar on 30 March at 2pm. During the update, Trevor will consider how various asset types have fared in 2017 and offer his outlook, using the Investment Clock model to illustrate his views. Find out more here
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The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
Phoenix Group, Alliance Trust Savings, Zurich, and Old Mutual Wealth are amongst the most complained providers in the latest FCA complaints data. A total of 3.76m complaints were received by the FCA during the second half of 2017, up 13 per cent on the first half of the year. Alliance Trust Savings is the most […]
The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]