View more on these topics

Buoyant year for societies

Gross mortgage advances by building societies totalled £35bn last year, up from £30bn in 2001, according the Building Societies&#39 Association.

The BSA says its members had a bumper year, with net advances increasing to £10.8bn from £6.6bn in 2001.

Approvals reached £39bn in 2002 compared with £29bn in 2001. Gross advances in December were £3.4bn, up from £2.1bn in December 2001 and up from £3bn in November.

In the savings market, societies had net inflows of £8.7bn in 2002, down from £9bn in 2001.

In December, society net receipts into cash Isas were £132m, down from £172m for December 2001.

However, the BSA says the sector maintained high levels of net inflows last year due to the clear benefits of mutuality to savers in terms of rates and products.


&#39Danger&#39 survey is slammed by IFAs

IFAs have criticised a report which claims that around a fifth of the IFA sector is in financial “danger”. Plimsoll Publishing&#39s survey claims to analyse 781 IFA firms, giving each a financial rating category of strong, good, mediocre, caution or danger, based on figures obtained from the UK registrar of companies. This has provoked an […]

Inside edge

FSA consultation document 164 proposes a number of radical changes intended to ensure the conditions which led to the collapse of 19 split-capital investment trusts cannot happen again and to rebuild confidence and trust in the sector and the wider financial services market. Even if it succeeds in preventing the same type of failures happening […]

&#39Treasury is ready to consider cap changes&#39

The Treasury consultation on the Sandler suite is expected to consider the possibility of different price caps for the products included in the suite, according to sources close to the Treasury. The idea may not appear in the document, expected to be published this week, say sources, but it could be an outcome of the […]

Awash on the currency

If the Government sticks to its original plan for entry into the European single currency, in less than 30 months UK advisers could be assessing their clients&#39 policies and portfolios in euros and cents. Yet more pressing industry issues such as Sandler, Pickering and depolarisation mean that many advisers and product providers have ignored the […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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