Professor David Miles' report on the mortgage market will be
published on Tuesday, the day before the pre-Budget report.
The report is expected to say that there is no quick fix to increase the
uptake of long term fixed rate mortgages in the UK. It is also expected
to criticise the lack of competition in the mortgage market.
The Treasury has delayed its decision on the proposed price cap for stakeholder products after FSA research has revealed that more work was needed on proposals for a simplified sales regime. The Government says it will not make a decision on the cap until next year to ensure that the sales regime and product design […]
Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£500,000, £1,500 Isa/Pep transfers, £3,000-£7,000 Isa Term: Five years and six months Guarantee: Original capital returned in full at end of term regardless of movement in indices Return: Up to 100% growth in index Closing date: January 15, […]
You may have heard in the last few weeks about a proposal to establish a European mortgage funding organisation of the kind found in most developed economies outside Europe. The European Mortgage Finance Agency (Emfa) will fulfil a very specific function. It will be a public/private partnership in which lenders provide the equity capital and […]
To argue that more people should be using a self-invested personal pension as opposed to a stakeholder pension based on past performance alone rather skirts the issues involved in deciding which pension route to take. The launch of stakeholder has been followed by the whole pension market simplifying and reducing the charges on other pension […]
By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]
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Average drawdown withdrawal rates have reached a level unlikely to be sustainable through retirement The FCA recently published new retirement income market data showing how consumers are using the pension freedoms. My initial reaction after reading the document was one of frustration, as the information only gives part of the overall picture. Providing some additional […]
The Pensions Ombudsman has ordered Alliance Trust Savings to pay £500 to a client for the stress it caused during the transfer of her Sipp. In the ruling, Mrs N wanted to move her Sipp operated by ATS to one operated by Equiniti Financial Services due to an increase in fees. In June 2017 Mrs […]
Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]