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Hargreaves posts 10% profit rise as FSCS bill hits £5.5m

Hargreaves Lansdown has posted a 10 per cent increase in pre-tax profit from £199m to £218.9m despite a £5.5m bill for the Financial Services Compensation Scheme. The firm has published its annual results alongside an announcement that its chief executive Ian Gorham is to step down and be replaced by group chief financial officer Chris […]

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Brokers slam confusion around Help to Buy Isa

Brokers have criticised the level of transparency around the Help to Buy Isa, which came under fire this week after it has emerged first-time buyers cannot use it to boost their deposits. Help to Buy Isas have been set up to help renters save for a deposit, topped up by a 25 per cent Government […]

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Is Help to Buy helping the borrowers it was meant for?

Mortgage experts have called for Help to Buy to be overhauled and say the scheme may not be helping the would-be buyers it was intended for. The Help to Buy equity loan scheme, launched in April 2013, sees the Government lend up to 20 per cent of the value of a new-build home to buyers […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]

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