House prices fell by 2.5 per cent in March, the biggest monthly decline since September 1992, according to Halifax.
HBOS has launched an offshore savings arm for British expatriates resident abroad.Halifax International opens with internet and telephone banking available on two accounts – a web saver account and regular saver account. Both allow savings accounts denominated in sterling, euros or dollars.The regular saver account opens with 7 per cent gross on savings, but does […]
The FSA has formed a team of nine internal staff to implement its recommendations for Northern Rock, following the regulator’s investigations last month.The team, lead by head of supervision for small mortgage firms and credit unions Mandy Spink, will have a month to develop detailed plans for the bank and a year to implement them.During […]
The Way Group
Way MA Growth Portfolio
By the middle of last week, markets were feeling a little calmer and it was beginning to look as though the FTSE was capable of climbing above 6,000. However, the fact remains that news is still not improving. With UBS announcing further write-offs and its chief executive falling on his sword, it is clear that turmoil in credit markets has some way to run yet. In the UK, we saw the fourth consecutive month of falling house prices and the number of lenders withdrawing their mortgage products continues to grow.
Ewan Thompson, Head of Emerging Market Equities, Neptune Although in political terms 2016 will be remembered for the seismic shocks of the Brexit vote and Trump’s presidential victory, the year was also a watershed for the global economy and emerging markets in particular. Following five years in the wilderness, the conditions are now in place […]
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Jupiter Asset Management is concerned markets could see further volatility in the latter part of 2018, while the strength of the dollar could also threaten global growth. Speaking at Jupiter Asset Management’s annual investment dinner last night, fund manager Ariel Bezalal said: “Our concern is that what we had in February with the shocking rise in […]
The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]
In August 2015, I made the mistake of checking my work emails late one Sunday evening. Instead of turning in for the night, I poured myself a fresh cup of coffee and turned my laptop on. The reason was an embargoed press release from the FCA announcing it was about to undertake a wholesale assessment […]