Leah Milner

Leah Milner has left Money Marketing

5

Advisers frustrated by LEI applications under Mifid II

Advisers have been urged to shop around if they need a Legal Entity Identifier under Mifid II as fears have been raised that scam companies could take advantage of the market. LEIs will be required where the client is not an individual, for example if they are acting under a legal entity or structure such […]

Neptune_Smart city concept
1

Robo firms signal their advice intentions

Robo-advisers will increasingly move towards hybrid models over the next year, combining the human touch with machine learning, experts predict. Scalable Capital, the Europe-wide robo firm, which has received financial backing from investment giant BlackRock, has just started offering telephone and face-to-face advice for clients who want to progress beyond an initial free session. Nutmeg and Moneyfarm […]

Mark-Carney-with-bank-note-in-background-700.jpg

Bank of England holds rates but hints at increase soon

The Bank of England has held the base rate at 0.5 per cent, but its committee minutes suggest rates will rise more quickly and more sharply than previously expected. Monetary Policy Committee members voted unanimously in favour of leaving interest rates unchanged for now. Their report released today says: “Were the economy to evolve broadly […]

Ascot Lloyd hires Graham Bentley to steer investment committee

Ascot Lloyd has appointed Graham Bentley as independent chairman of its investment committee. Since 2013 Bentley has run his own investment marketing consultancy gbi2. His 40-year career has included roles at Henderson, M&G, and Old Mutual. At Ascot Lloyd Bentley, who is also a Money Marketing columnist, will chair the IFA’s quarterly investment meetings, deciding […]

Investors withdraw from Woodford’s signature fund

Investors have pulled almost £2bn out of Neil Woodford’s signature fund since May. The Woodford Equity Income fund has seen assets under management drop from a peak of £10.15bn in May to £8.2bn in December as investors showed their disappointment in the manager’s performance, the Financial Times reports. Some of the fund’s key holdings including […]

Santander-700x450.jpg
2

Santander under fire for pushing landlords to hike rents

Santander has come under fire for a clause in some of its buy-to-let mortgage contracts that asks the landlord to increase rents by “as much as can be reasonably achieved” whenever possible. Money Marketing sister publication Mortgage Strategy was contacted by a private landlord who had spotted the clause in her mortgage contract and was […]

Equity-release-house-home-700.jpg

Advisers back calls for standalone equity release qualification

More than 60 per cent of Personal Finance Society and Society of Mortgage Professionals members support the idea of a standalone equity release qualification to enable pensions and investment advisers to sell the products without having to be fully-qualified mortgage advisers. Currently advisers must be mortgage-qualified up to level three in order to advise on equity release. […]

House-Property-Ladder-Rising-Prices-640.jpg
1

Govt opens £7bn affordable housing programme

Communities Secretary Sajid Javid has opened the Government’s £7 billion expanded affordable housing programme today. Previously announced by the Chancellor in November’s Autumn Statement, housing providers can now apply for a share of the fund, which was allocated an additional £1.4 billion to deliver 40,000 new affordable housing starts across the country. Alongside this extra […]

Home-House-Monopoly-Money-Property-700x450.jpg

Inflation figures to include housing costs

The Office for National Statistics is to include housing costs in its headline measure of inflation from March next year. Following a consultation, the ONS has decided to switch its preferred measure of inflation from the consumer price index to the consumer price index including owner occupier’s housing costs  from March. The measure calculates housing […]

Nationwide-building-2013-700x450.jpg

Nationwide cuts mortgage rates by up to 0.35%

Nationwide is reducing selected fixed, tracker and shared equity mortgage rates by up to 0.35 per cent tomorrow. The two-year 60 per cent loan-to-value fixed rate product now starts at 1.34 per cent with a £999 fee, which is Nationwide’s lowest-ever fixed rate, and 1.74 per cent with no fee. The three-year fixed rate mortgage […]