Mortgages plc is withdrawing from the prime buy-to-let market with immediate effect. The firm will continue to process prime BTL applications until close of business on Wednesday, March 26.
Structured product provider Dawnay Day Quantum has introduced protected commodities dynamo, a capital-protected bond linked to a basket of eight commodities.
Swip’s multi-manager team says it has achieved good relative returns for its multi-manager diversity and multi-manager select boutiques fund despite difficult market conditions.
Wave will no longer be offering mortgage products at 85 per cent loan to value.In an email to brokers, the Merrill Lynch subsidiary says that with effect from tomorrow the 85 per cent LTV band will be removed across its entire product range.It says decisions in principle will be accepted on withdrawn rates until close […]
Alliance Trust Savings has completed the transfer of over 4,200 Close Investments Isa, Pep and share plan wrappers to its platform. The open architecture platform allows Close to choose from over 3,000 fund choices as well as trading online, over the telephone or by post. Isa, Pep, Sipp and non-tax advantaged accounts can be consolidated […]
Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]