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Backing for home-reversion regulation

The Treasury should extend the regulation of equity release to home reversion schemes, the vast majority of respondents to its consultation closing this week believe. With more than 50 responses received, most – including Sofa, the National Consumer Council and the Financial Services Consumer Panel – support the FSA regulating the entire equity release market.

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Product matters

By offering a guarantee to new investors, Norwich Union is reinforcing its commitment to the with-profits market. In light of the speculation regarding Standard and the negative press sentiment concerning with-profits in general, this is a very defiant and bold move. The guarantee ensures that, after five years, the minimum that investors will receive is […]

Nationwide shaves fixed rates and tracker loans

Nationwide Building Society has made slight reductions in the rates on its fixed-rate and tracker mortgages. Its two-year fixed rate goes down from 4.81 per cent to 4.79 per cent while the three-year fix rate is cut from 5.11 per cent to 5.09 per cent from 5.11 per cent and the five-year fix from 5.31 […]

Intelligent Finance mortgage applications up

Intelligent Finance says mortgage applications have soared by 21 per cent since it launched its two new standalone products &#45 fixed rate and tracker rate mortgages &#45 through professional advisers two weeks ago. On the back of this strong demand, Intelligent Finance will be offering these two new products directly to consumers from 16 February. […]

Aifa warns FSA over timing of EU directives

Aifa has warned that the FSA needs to be more concerned with the timing of the many upcoming EU directives rather than the precise wording of each document, saying taking on so many directives at once will be costly and confusing. The warning comes as Aifa responds to the FSA&#39s consultation on the implementation of […]

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