Nationwide and Halifax have become the first major lenders to confirm they will increase their rates following yesterday’s 0.25 per cent base rate rise to five per cent.Nationwide’s base mortgage rates will be increased by 0.25 per cent from 6.24 per cent to 6.49 per from December 1. Changes to tracker mortgages will move in […]
Money Wise IFA director David Underwood is retiring and is being replaced by new recruit Richard Armstrong, who joins from Regent IFA. Underwood will continue working for the firm in a part-time mortgage adviser role.
Edeus says it will be able to offer mortgages on brokers’ iPods within two years as the technology revolution gripping the mortgage market continues. The firm is also predicting that underwriters will even- tually die away together with call centres and the need for signatures on a mortgage application. Edeus managing director Alan Cleary urged […]
Vertex Financial Services has extended its outsourcing contract with Gartmore creating a new subsidiary Jessop Fund Managers. The new company will enable Gartmore to hand over their admin and regulation responsibilities of their personal pension unit trust range to Jessop. Gartmore will retain the management of the investor monies within their funds and the underlying […]
Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]
Australia’s defined contribution pension arrangement (known to Aussies as “super”) is the largest in the world, with assets of A$2.6trn – 144 per cent of GDP. Not bad for a system built from scratch in the early 1990s via mandatory employer contributions. Those involved in delivering auto-enrolment here in the UK always saw super as […]
Old Mutual Wealth has set out proposed changes to the inheritance tax nil-rate band and residence nil-rate band laid out in an open letter to Chancellor Philip Hammond. In the letter, OMW trusts and technical solutions head Rachael Griffin says there are numerous legacy clauses and exemptions causing “havoc and confusion” for those looking to […]
Ahead of speaking at Money Marketing Interactive Harrogate next month, ISJ Independent Financial Planning director Lena Patel talks becoming chartered and why she is wary of “advice” given at the pub What has been your proudest achievement at your firm this year? I have completed my exams over the past 12 months to become a Chartered Financial […]