Sam Barker

Sam Barker is a mortgage reporter for Money Marketing and deputy editor of Money Marketing’s sister title, Mortgage Strategy. He can be reached on sam.barker@centaurmedia.com or 020 7970 4425.

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Older borrowers face advice gap, FCA says

The FCA says many older mortgage borrowers struggle to get complete advice and cannot access a wide choice of products. The regulator made the statement in a paper published today. It suggests firms should take older borrowers into account more with their policies and proposition. It adds that mortgage companies should also plan for consumer […]

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Non-doms pay £9bn in tax, say latest HMRC figures

Non-domiciled taxpayers in Britain paid more than £9bn to the Exchequer in 2014/15, an increase of 1 per cent from the previous financial year. Figures released by HMRC yesterday show that 121,300 listed non-doms paid £9.3bn of income, capital gains tax and national insurance. HMRC has never before released such data about non-doms, according to […]

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Provident Financial drops out of FTSE 100

Provident Financial has fallen out of the FTSE 100 after a turbulent fortnight that saw the firm issue a profit warning and its chief executive resign. The firm entered the FTSE 100 at the end of 2015 and dropped out last night. Provident is best known for its doorstep lending operation, where representatives extend small […]

National IFA signs advice deal with The Social Workers Union

Lighthouse Group has signed a deal to become the preferred adviser to The Social Workers Union. The Social Workers Union has 12,000 members. Lighthouse will give advice on savings, investments, mortgages, pensions and protection. The deal will run for an initial 18 months. Lighthouse has also signed advice deals with organisations such as UNISON, Unite, […]

Investment Association criticised over pay register role

The UK’s main shareholder rights group has criticised the Government for appointing the Investment Association to oversee its executive pay register. The register is the brainchild of business secretary Greg Clark and will force all listed firms to show the pay gap between executives and workers. The public register would also list firms that face […]

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Williams & Glyn cuts staff as RBS pulls sale

Profits at Royal Bank of Scotland arm Williams & Glyn have risen following a big drop in headcount, according to results published today.  RBS’ half-year results show operating profit at Williams & Glyn rose £37m to £234m. This was driven by a £39m cut in operating expenses “reflecting a substantial reduction in headcount”, according to […]

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Consolidator snaps up two more advice firms

AFH has bought the assets of Arden Financial Consultants and the share capital of Martin Cooper Wealth Management for £1.4m. The two deals by acquisition-hungry AFH take the firm’s total deals so far this year to 12. AFH has paid £0.7m in cash upfront, and will pay the remainder in cash over the next 26 […]

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CII exam marking queried as student repeatedly fails by 1 mark

A paraplanner has voiced frustration with the Chartered Insurance Institute’s computerised exam marking scheme after failing four exams by just one mark each. Financial Options Group paraplanner Simon McGovern says he wants to become a full adviser, and so sat the CII’s R01 and R04 exams. His first attempt at the R04 exam on pensions […]