The Mortgage Works has become the latest lender to withdraw from the 100 per cent loan to value market. It is capping self-cert and buy to let at 75 per cent LTV.
Council of Mortgage Lenders director general Michael Coogan admits that recent action by lenders in withdrawing so many products has damaged the market.Coogan said at the debate that lenders were being forced into short-term decisions by the present market conditions.He said: “If every lender acts in a way which protects their own interest, we will […]
Equitable Life chairman Vanni Treves says the society has reached an “important crossroads” and is ready to look for a buyer.
Royal London has increased the final bonus rates on some of its with-profits policies.The mutual company has increased the final bonus on 10-year regular-premium life policies from 11.1 per cent to 25 per cent.Final bonus rates for 25-year regular-premium life policies have reduced from 140.1 per cent to 126.4 per cent.On 10-year regular-premium pension policies, […]
The Skipton Building Society Group has acquired an 86 per cent shareholding in Torquil Clark in a bid to strengthen its financial advice offering.
Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]
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When Selectapension stopped executing defined benefit pension transfer advice last year, eyes quickly turned to its key partner firm: CFPML. A previously unknown entity, the FCA reviewed CFPML as part of its work, and a little big of digging from Money Marketing uncovered it was actually a two-man band advice firm just down the road from […]
The end of the “boom” in pension transfers could be in sight, consultancy the Lang Cat predicts. The Lang Cat has published its latest platform market scorecard, which found pension gross inflows to platforms dropped 16 per cent in the first quarter of 2018 when compared to the fourth quarter of 2017. This was compared to […]