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Old Mutual Wealth up for sale

Old Mutual is planning to break up its £9bn business as private equity firms put forward a multi-billion pound bid for Old Mutual Wealth. Sky News reports the FTSE 100 company proposes to break itself four standalone companies: Old Mutual Wealth; a division comprising its stake in South African lender Nedbank; its South African-based emerging […]

Second charge mortgage market faces uncertain future

Second charge mortgage experts are split on the future of the market after it became FCA regulated this week. The Mortgage Credit Directive came into force on 21 March and brought the second charge sector within the scope of FCA mortgage regulation for the first time. Second charges were previously regulated under the Consumer Credit […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]

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Money Advice Service to be scrapped

Chancellor George Osborne will announce the closure of the Money Advice Service later today as part of the Budget. Osborne’s decision comes as part of the review of Government-backed guidance services, launched alongside the Financial Advice Market Review last year. The service is set to be replaced by a much smaller body with a focus […]

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