The Liberal Democrats have proposed a banking system whereby risk-taking banks are barred from using the Bank of England as lender of last resort if their gambles do not pay off.
Nationwide Building Society has cut the price of some of its fixed rate mortgage deals by up to 0.30 per cent, with effect from May 16.
Intrinsic chief executive Kevin Ronaldson says it is nonsense to suggest that people can only give good professional advice if they offer products from the whole of the market.
The FSA has added yet another scuffle to its growing list of legal battles after it confirmed it will appeal a Financial Services and Markets Tribunal decision.
The political uncertainty in Europe is not deterring the Artemis European Opportunities Fund, says manager Laurent Millet. There are still stocks, he tells Artemis’ Ross Leckie, which should thrive.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]