Defunct companies Berry Birch & Noble Financial Services, David Aaron Partnership and RJ Temple lost most claims for precipice bond misselling, according to figures from the Financial Services Compensation Scheme.
As money-market rates have fallen, new lower fixed rates have become a daily occurrence in the mortgage market, with plenty of lenders jockeying for best buy coverage. Meanwhile, the non-conforming market has seen increased competition and as a consequence the borrower has been benefiting from improving rates. With this as the backdrop, Amber has launched […]
SPML announces its new product range called 8, with eight products covering the full non-conforming credit spectrum.The new range has a mixture of fixed and discounted options with two or three year options, no early repayment charges or overhangs beyond the fixed term.The 8 range consists of near prime, minor adverse, light adverse, medium adverse, […]
Schroders’ multi-manager team has sold out of the F&C property trust and put new money into the Insight Foundation property trust.
Alliance & Leicester announces plant to join the buy-to-let market.The bank announced its intention to move into this new market in its half-year trading statement. A&L plans to offer BTL through its intermediary channel.Head of intermediary mortgages Mehrdad Yousefi says: “This news marks an exciting development for Alliance & Leicester Mortgages. While we continue to […]
Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article
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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]