Imagine the hypothetical Smith family sitting at home in their 3 bedroom house in middle En`gland. They had a 70 per cent mortgage on their home a year ago but house price collapses of the past year have eroded much of this cushion. Unfortunately, their existing fixed rate deal came to an end this summer. They received a letter from their lender which politely suggested they look elsewhere for a new mortgage as the new rate they could offer the Smiths had increased dramatically.
There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]
Regulations around inducements are wider-reaching than ever before. The free-flowing champagne and jollies of decades gone by are now little but a distant memory. But the regulator is keeping a watchful eye on the industry for any sign of services and benefits that could cause bias. The crackdown on so-called non-monetary benefits started several years […]
The Pensions Regulator has warned that fraudsters might be attempting to steal workers’ savings by falsely claiming to be it on the phone. TPR says some savers are being cold-called by people who have posed as it and offered those in a workplace pension scheme a free pension review. TPR says it never cold-calls savers […]