Specialist lender Future Mortgages' quarterly survey of 500 intermediaries reveals 51 per cent of respondents believe the buy-to-let market in London and the south east is precarious, 33 per cent think it is stable and 17 per cent say they are unsure about its future. And of those who took part in the survey 54 per cent are concerned some lenders and brokers are recommending self-cert mortgages in inappropriate situations to increase income multiples.
Thursday, 12 December 2002 Aim: Income by investing in smaller UK companies Minimum investment: Lump sum £3,000 Opening-closing date: January 23, 2003-April 5, 2003 for 2002/2003 tax year, April 21, 2003 for 2003/2004 tax year Charges: Initial 5%, annual 1.5 % in year one, 2% in year two, 2.5% thereafter Commission: Initial 3% Tel: 0800 […]
The Retirement Income Reform Group has strongly endorsed Conservative MP Edward Garnier's Private Member's Bill aimed at reforming the current annuity regime.The Bill, to be tabled in Parliament today, is calling for relaxation of the obligation to purchase an annuity by the age of 75. It follows on from similar legislation brought forward by Tory […]
The Diary is impressed with Prudential's unashamed carrot and stick approach to with-profits – the carrot for the new customers and the stick for the old. Just days after whacking maturing with-profits policyholders with a swingeing 7 per cent cut, the Pru is offering a 2 per cent enhancement on all Prudence bond purchases.Apparently the […]
The article, Pledge to end retrospective rules regime, seems to be diametrically opposed to the news that Mr Davies is extending the “statute of limitation” rules for endowment complainants.Perhaps he does not understand what retrospective rules regime actually means.Perhaps he is trying to appease Ms McKechnie at the Consumers' Association – plenty of hits but […]
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]