Three-month Libor has dropped to 3.13 per cent, a fall of 75 basis points since the start of the month. Mortgage lenders welcome the drop but say the 1.13 per cent spread is still too much to improve rates drastically.
Jubilee Financial Products is publishing a weekly overview of credit default swap levels on its website to help advisers evaluate the counterparty risk of major UK issuers in the structured product market.
Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]
The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an emergency tax rate, which can lead to pensioners paying too much […]
Regulator unveils proposed directory of senior financial services professionals, publishes fees for 2018/19 and approves new tech-based mortgage firms. The Financial Conduct Authority published a raft of reports, consultations and policy initiatives over the past month and many will have a direct impact on the mortgage sector. Recently, the FCA has put forward plans to […]