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85 per cent LTV band will be removed across its entire product range.It says decisions in principle will be accepted on withdrawn rates until close […]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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- Top trends
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- Lifetime allowance 2018/19 increase confirmed but pensions absent
- ATS staff departures continue as platform commits to improved adviser experience
- SJP trainee adviser banned and fined for faking qualifications
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Latest from Money Marketing
As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]