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FCA claims there is no issue with mortgage prisoners

Despite broker claims, the FCA says the Mortgage Market Review has not locked out borrowers from certain parts of the market. Yesterday the regulator published two papers: a feedback statement on its call for input on competition in the market and the findings of its responsible lending review post-MMR. In the responsible lending paper, it […]

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Lloyds sets aside £115m as profits fall

Lloyds Banking Group has set aside £115m for “retail conduct” issues as pre-tax profits for the first three months fell 46 per cent to £654m. The bank has refused to disclose what the provision relates to, but has not set aside any extra money for missold payment protection insurance. Lloyds partly attributes the fall in profits […]

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Major protection advisers form industry lobby group

Major protection advice firms have come together to form the first group of its kind to lobby for change in the protection market and drive better consumer outcomes. There are 10 founding members of the Protection Distributors Group, thought to be the only working group or industry body made up of purely protection advisers. It […]

Where next for UK equities?

Senior UK Equity Fund Managers Martin Cholwill, Richard Marwood and Henry Lowson answer the question ‘Where next?’ for UK equities as the reality of Brexit draws closer. Speaking with Investment Week Editor Lawrence Gosling, the managers share where they believe future opportunities within UK equity markets will arise, outlining the characteristics they look for in […]

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