The Mortgage Code Registered of Intermediaries is warning members they will be penalised for not registering before March 31. It says that membership applications received after the deadline will be charged at the rates of next year's fees which are £10 per adviser higher.
E*Trade UK has announced a partnership with software specialists Consort Securities Systems in the run up to the launch of its on-line investment service.Consort will provide the front and back office systems to support the service, including its securities dealing service (SDS) and will be responsible for developing the infrastructure, which allows clients to directly […]
Mercantile Building Society is launching a five-year fixed-rate mortgage.The rate is fixed at 5.45 per cent offering 90 per cent loan to value.There are no compulsory insurances or mortgage indemnity fees and free unemployment cover is available for the first 12 months.It has a 5 per cent redemption fee during the fixed period with no […]
Scottish Provident has re-launched its website with a number of new features for IFAs.New features of the dedicated IFA section, included a quotations facility, access to the company's pipeline system to check a case's status and downloadable corporate literature.Access to the IFAWebCentre is available through on-line registration on the main website, www.scotprov.co.uk.
Edinburgh Fund Managers has announced the preliminary results for the Dunedin Income Growth Investment Trust.The trust has announced a 3 per cent dividend increase and an increase in net asset value per share of 7.9 per cent.This compares to the FTSE All Share Index which rose by 6.3 per cent.The combination of asset performance and […]
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]