Bright Grey says more first-time buyers are falling into the protection gap due to rising monthly mortgage repayments. Product director Roger Edwards says he is concerned by deals such as Abbey’s new deal which allows borrowers to take out a mortgage of up to five times their income. He says people who take out bigger […]
Vertex Financial Services has extended its outsourcing contract with Gartmore creating a new subsidiary Jessop Fund Managers. The new company will enable Gartmore to hand over their admin and regulation responsibilities of their personal pension unit trust range to Jessop. Gartmore will retain the management of the investor monies within their funds and the underlying […]
Close Mortgages is planning a mortgage which can be used to mitigate inheritance tax. The firm is gauging demand for the product, which would enable homeowners to borrow the difference between the IHT threshold and the value of their property and put the funds into a tax-free investment vehicle so that IHT is avoided. Close […]
The Financial Ombudsman Service has warned that something as simple as a nod could be construed as advice during the non-advised sale of a protection product. Lead ombudsman for insurance Peter Hinchliffe says customers often ask questions which relate to the suitability of a policy when buying through a direct sales channel and a nod […]
Video update from Mark Martin, Head of UK Equities, Neptune Investment Management With the Brexit referendum scheduled for 23 June, how much risk is priced into the market and is the current volatility a long-term buying opportunity? Watch Mark Martin, Head of UK Equities, and Holly Cassell, Assistant Manager on the UK Mid Cap and […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]