Mform.co.uk says average application fees on the five most competitive fixed-rate mortgages have nearly doubled in the past year from 999 to 1,478 on two-year deals and 578 to 1,132 over three years.
The Financial Ombudsman Service has welcomed Lord Hunt’s report but warns that some of the recommendations have “significant implications” for its budget and resources.
Sesame has called on the FSA and the Financial Ombudsman Service to ensure brokers are not made the scapegoat for borr- owers who get into difficulties.
Schroders co-head of structured investments Richard Lloyd is leaving after 11 years.
Fidelity has added to its multi-manager team with the appointment of Ayesha Akbar.
Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]