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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Pensions dashboard petition surpasses 14,000 supporters
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
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Tim Sargisson: Why the tables are turning for small advice firms
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
Trustee brought in to oversee defunct pension firm’s schemes
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]