Fixed mortgage get-out charges average over £6,000 according to research from MoneyExpert.com.The financial comparison website is warning that homeowners who are stuck on uncompetitive fixed-rate mortgages will have to fork out an average £6,370 to get out of their current deal.The recent rate rises have caused homeowners to surge towards fixed deals according to MoneyExpert.com […]
Commodities and property have been in the news in recent days, perhaps as a consequence of investors looking for an asset class unlikely to be sullied by the sub-prime meltdown. Both these potential homes for what appears to be a never-ending tide of liquidity have not been without their problems, however.
Alliance & Leicester looks set to convert the role of its former head of intermediary mortgages Mehrdad Yousefi into a sales-facing position.The lender has yet to reveal who will replace Yousefi, having announced his departure after 18 years at A&L in March. He joins Merrill Lynch subsidiary Wave as director of distribution and sales on […]
Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]
Robo-adviser Candid Financial Advice has exceeded £100m in client funds under advice five years after its launch. Candid director Justin Modray says he is now looking to improve the firm’s scalability and accelerate growth since starting out in 2013. The firm is targeting an additional £100m in the next two and a half years. Modray […]
SimplyBiz Group has announced two new hires in a bid to strengthen its compliance support team. Paul Bruns, who will work as director of field compliance, joins from Sesame Bankhall Group, where he worked for 14 years – most recently as compliance operations and oversight manager. Among his new duties he will take charge of […]
The Financial Services Compensation Scheme has compensated thousands of former Beaufort clients five months after the discretionary fund manager’s collapse, in another round of repayments. Last weekend, 12,000 of Beaufort’s ex-clients were moved across to The Share Centre as their new broker. A first tranche of cash and assets was also returned to clients. Remaining […]