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Nationwide latest lender to hike maximum age limit

Nationwide has become the second major lender in a week to loosen its lending into retirement criteria. It will increase its maximum lending age by 10 years to 85 in July, giving it the highest age cap of all of the major high street lenders. Existing customers with retirement income will be able to borrow […]

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Consolidator secures £25m in private equity funding

IFA consolidator Fairstone Group has been boosted with a £25m capital injection by private equity backer Synova Capital. The deal makes Synova the lead investor in Fairstone, previously known as Moneygate, with further cash also likely to be made available to the advice firm in future. Committed Capital and Northstar Ventures have also retained stakes […]

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FCA to review how it runs redress schemes

Incoming FCA chief executive Andrew Bailey is set to examine how the FCA deals with redress exercises. Speaking to the Treasury committee earlier yesterday, FCA chairman John Griffith-Jones says Bailey will work with the regulator’s board to draw upon its experience of dealing with issues including missold payment protection insurance and interest rate swaps. He will […]

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‘Vultures are circling’ as Standard Life eyes Elevate deal

Advisers will face uncertainty and the prospect of being targeted by rivals if Standard Life completes a mammoth takeover of Axa Wealth’s platform Elevate. Last week, Bloomberg reported Standard Life was in high level talks to acquire the French insurer’s platform after Money Marketing revealed in September Axa Wealth was up for sale. Standard Life […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]

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