You may recall that a few months back – when I did a bit of mystery shopping of my own – I raised awareness of the ethics of some endowment claims firms offering no win, no fee services. This was defended by other such firms maintaining that all claims firms should not be tarred with the same brush.
Infinity Mortgages enhances its range to include a number of discounts to its specialist lending products.Changes include one-year discounts from 4.85 per cent, two-year fixed and three-year stepped discounts with no overhanging redemption penalties, three-year stepped discounts from 5.1 per cent and two-year fixed rates from 6.45 per cent. Their service has been improved by […]
Portman Building Society announces its 2004 annual results today, showing an overall improvement on 2003.Portmans key achievements include growth in total assets up 10 per cent to 15.5bn, increase in pre-tax profit by16 per cent to 78.1m and record new mortgage lending up 24 per cent up on 2003 to 3.6 bn. The society has […]
Residential property in Sipps after A-Day faces legal and admin problems that will make it an expensive asset class to run, warn pension experts.
Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]