The Co-operative Bank and Britannia are to launch a five-year fixed-rate mortgage direct-only mortgage at 3.99 per cent and a two-year fixed-rate homeloan at 2.95 per cent. There is a £999 fee and maximum loan to value of 75 per cent.
Axa Investment Managers – AXA WF Global Inflation Bonds Fund Update
Building societies have welcomed the coalition Government’s pledge to promote mutuality but say they do not need to be given an advantage, just granted a level playing field with banks. Building Societies Association head of mortgage policy Paul Broadhead says the Financial Services Compensation Scheme levy is a key area where mutuals are unfairly treated […]
Advisers support the coalition Government’s plans to look into allowing early access to pension savings but warn that safeguards must be put in place to prevent savers raiding their pension funds too readily. In the Conservative and Liberal Democrat final coalition agreement published last week, the Government says: “We will explore the potential to give […]
The Government’s decision to scrap Child Trust Funds is a blow for Capita, which administers 35 per cent of the market, while other outsourcing firms are set to be hit by the Government’s plans to save £1.7bn by cancelling contracts.
Jonathan Platt, Head of Fixed Income at Royal London Asset Management, looks at the three trends that his team see shaping bond markets this week. Read the article here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]