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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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 […]

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Conservatives at odds over income tax rises

The Prime Minister is insisting the Conservatives’ tax plans have not changed after senior members of the party pledged not to raise income tax on higher earners. The Conservative 2017 manifesto did not rule out income tax rises for the wealthy, according to the FT. But defence secretary Michael Fallon told the Telegraph that voting […]

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Will the latest FCA review hit interest-only mortgages?

Mortgage lenders have downplayed the risks in their interest-only back books as they fear consumers could be left underserved by a hamstrung market. The FCA launched its third review into the sector in just five years last week. It unveiled the latest thematic review in its 2017/18 business plan. The business plan says: “Around 1.8 […]