Prudential is poised to become the sixth product provider to take a stake in Assureweb by funding part of a 7.5m cash injection into the business, Money Marketing understands.The deal, which is still being finalised, is expected to go through in the next two weeks.It is not clear what size stake Pru will be taking […]
It seems that Aegon Scottish Equitable cares so much about its customers it even takes an interest in their bowel movements.A mischievous IFA forwarded the following letter to MM.“Thanks you for your recent phone call. I write to confirm that Mrs X has now been transferred to the correct agency. Please accept my sincere apology […]
Kensington has made its full launch into the specialist prime market.The lender has been piloting prime self-cert and buy-to-let over the past six months but has unleashed them onto the market from today.Kensington’s message to brokers is that it can now provide any mortgage other than mainstream prime.Its self-cert deals start at 5.45 per cent […]
The Council of Mortgage Lenders has revealed that figures for buy-to-let arrears are increasing amid concerns the sector may suffer a rise in repossessions.The CML will reveal its finalised statistics on buy-tolet arrears and repossessions next week but the early indications are that the sector may have to ride out a rocky period in the […]
A warning has been sent by The Pensions Regulator (TPR) to half a million small employers of their risk of being fined for not taking action on their workplace pension obligations. The Department for Work and Pensions’ (DWP) ‘Workie’ character, who first made an appearance on our screens in October last year, returns and emphasises […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]