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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The FCA is calling on firms to design more products that are tailored to older consumers. In a speech yesterday, FCA life insurance and financial advice director Linda Woodall said that as the population ages, it was increasingly important that the elderly received support when they engaged with financial services, including when thinking about retirement. […]
Transaction reporting Transaction reporting is the reporting of information about trades in reportable financial instruments, such as shares, ETFs, VCTs, investment trusts and structured products. Reporting covers purchases, sales and modifications of reportable instruments. Mifid II proposes important changes to these obligations which will potentially affect all investment firms. Some exemptions will apply. For instance, […]
It may look strange that the second largest asset manager in the world is now pushing its new active funds in the UK market at a time when passive funds are seeing record flows. But having amassed more than $215bn globally in its funds since the start of the year, this is unlikely to be […]