View more on these topics

Bank of England increases base rate to 5 per cent

The Bank of England’s Monetary Policy Committee has raised the base rate to 5 per cent, as had been predicted by a number of commentators.

It is the second rise in the last three months after the decision in August to increase the rate from 4.5 per cent to 4.75 per cent. That followed a benign previous 12 months were the rate did not move.

Portman Building Society group development director Matthew Wyles says: “This rate increase was a racing certainty and has already been factored into the pricing of most fixed rate mortgage products.

“It is clear that the MPC intends to ratchet rates upwards until our exuberant housing market loses some of its momentum. The impact of this strategy on less resilient sectors of the economy will be considerable.”


Isas are here to stay

Balls says distinction between maxi and mini will be removed and hints that the investment limit may be raised

Banking overhaul for Liverpool Vic

Liverpool Victoria is conducting a strategic review of its banking operations and will look at all options, including strategic partnerships, joint ventures or the sale of its bank.

Canada Life launches stage 2 of e-business system

Canada Life Group Insurance Division has launched eReporting, the second stage of its e-business portal, Class.Class stands for Canada Life Automated Self Service and allows intermediaries whose clients have Canada Life policies to access comprehensive customer information from any location, at anytime with a secure log in. eReporting has been designed to give users quick […]

‘IFAs need style counsel’

Fidelity says rapid growth in the multi-manager market has led to different product types, which means IFAs need more information on how these strategies work. The firm says multi-man-ager has become a “must- have” product and its latest research shows that 82 per cent of advisers are using multi-manager products. Fidelity sets up its first […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm