Annual house price growth slowed in the three months to January according to the latest figures from The Royal Insitution of Chartered Surveyors. Most of the respondents reported a rise over a fall fell to 38 per cent from 39 per cent.
Nationwide Building Society has made slight reductions in the rates on its fixed-rate and tracker mortgages. Its two-year fixed rate goes down from 4.81 per cent to 4.79 per cent while the three-year fix rate is cut from 5.11 per cent to 5.09 per cent from 5.11 per cent and the five-year fix from 5.31 […]
Sofa's new managing director Bob Bullivant is aiming for chartered status for the society. Bullivant replaces Brian Lawless who is moving to Exeter, where he becomes business development director with IFA the Jelf Group. Bullivant is joining Sofa from Britannic Retirement Solutions, where he was corporate development director before the firm closed its doors to […]
The year is just a few weeks old and yet I feel a stream of consciousness of financial services policy events hitting us all. Standard Life, Penrose, the Treasury select committee and endowment sales, the Child Trust Fund Bill, the FSA business plan and structure, financial capability, price capping, the Retirement Income Reform Bill, Informed […]
Standard Life's true capital position is “significantly weaker” than the company has claimed and the industry believed, says rating agency Fitch. The report – Reality Check: Is Standard That Poor? – warns that the plans to raise £750m in hybrid debt will be costly and that Standard's days as a mutual are numbered. It says: […]
Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.
In the video, Wintle addresses the following:
• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]