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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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 […]