The Association of Mortgage Intermediaries welcomes the FSAs decision to allow rebated proc fees from fee-based mortgage advice to fall outside its client money rules. It will apply until a long-term solution is found.
Equity-release providers have hit back after their products came under fire from Which? claims of being too expensive and misleadingly advertised. Which? claims that most customers would be better off downsizing or borrowing from their family, as it says lifetime mortgages and home-reversion plans have high costs. But leading industry figures insist that the research […]
Most of the UKs youth believe they will own their own home, buying their first property between the ages of 25 and 30, according to UCB Home Loans.However, the specialist lender of Nationwide says although the desire to own property is strong, 32 per cent of respondents say they would rather live abroad than buy […]
By Mark Martin, Head of UK Equities at Neptune Amid the market volatility in the lead-up to the Brexit referendum, there are buying opportunities for the prudent investor, explains Mark Martin. Click here for full article Important Information: Investment risks This fund may have a high volatility rating and past performance is not a guide […]
At the same time as our economic engines are faltering and our politics are less sure than ever, something else has been happening. The mass market is being replaced by multiple micro markets and seemingly infinite choice. The exchange of information creates ever more value, while commodity products and services are ever cheaper. It takes […]
Pension transfer values fell by 2 per cent in November, according to consultancy XPS Pensions Group. At the end of October 2018 the group’s transfer value index was £235,000 and at the end of November it was £230,000. The index tracks the transfer value that would be provided by an example defined benefit pension scheme […]
Ascot Lloyd has acquired West Midlands IFA Newell Palmer, taking the firm above the 100 adviser mark for the first time. Newell Palmer has made a number of acquisitions itself this year, and will add at least £1.3bn in assets to Ascot Lloyd. The firm says it will now have over £7bn in client funds, […]