Banks approved 25.5 per cent more loans in February than they did a year earlier, according to the British Bankers’ Association. The six high-street banking groups approved 79,428 loans last month, up from 63,248 a year ago. Purchase approvals were up 20 per cent year-on-year to 45,892, while remortgage approvals rose 31 per cent to […]
The number of customers approaching the Financial Ombudsman Service with complaints over pension freedoms is rising, Money Marketing can reveal. A Freedom of Information request submitted by Money Marketing shows between July 2015 and February 2016 there were 848 new enquiries to the FOS relating to the freedoms. These include complaints where customers claim they […]
The impact of the pension reforms on sales of annuities has lead to operating profits at specialist insurer Partnership falling 38 per cent. Full year results published today show operating profits fall from £64m in 2014, to £40m in 2015. Partnership is expected to complete its merger with Just Retirement – which saw operating profits […]
Newly-appointed Investment Association chief executive Chris Cummings faces a “very difficult job” ahead of him, industry commentators say. TheCityUK founding chief executive has been appointed as the new chief executive of the investment trade body and will start his role in the third quarter of this year. Cummings joins the trade body six months after Daniel Godfrey […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
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