Mortgage lending halves in Q4 2008
Mortgage lending almost halved to £45bn in the fourth quarter of 2008 from £86.6bn in 2007. Repossessions surged by 68 per cent to 46,750 last year from 27,900 in 2007.
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Abbey reduces fixed rate
Abbey has reduced the rates on some of its fixed rate mortgages.
SVM gets to the long and short of it
SVM Asset Management has brought out a UK equity fund that will use shorting techniques through derivatives to benefit from falling share prices.
Myners was warned Goodwin’s pension would be “enormous”
Banking Minister Lord Myners was warned that former RBS chief executive Sir Fred Goodwin’s pension would be “enormous” before the RBS board signed it off.
Stellar finds space in the storage sector
Stellar Asset Management
The Stellar Income Fund
Industry under fire over pension freedoms
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
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Making sense of ESG popularity
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
Pimfa publishes updated Mifid guide
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
L&G apologies to client over pensions tax free cash error
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]
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