Mortgages plc has suspended all its heavy and unlimited adverse products in its latest criteria change. It will also be reducing maximum loan to value on its medium adverse range from 85 per cent to 80 per cent and maximum LTVs on its light adverse from 85 per cent to 90 per cent.
Equity Income Fund
The tripartite arrangement between the Bank of England, the FSA and the Treasury that was designed to maintain financial stability failed its first big test, according to the CBI.
Ascent Fund Managers is introducing a fund that will invest in residential property on Florida’s Gulf Coast.The company is seeking to raise 15m for the Ascent 07 Florida property fund.With up to 70 per cent gearing, Ascent will aim to create a 50m fund to acquire resort-style, amenityrich second homes and principal residences.The objective of […]
Leading mortgage brokers say Northern Rock’s management must take responsibility for the narrowness of its funding policy and for failing to have a disaster recovery plan.At the round table debate, Robert Sterling managing director Kevin Duffy said the firm must take responsibility for its problems, noting this warning comes from the intermediary market where Northern […]
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology