Resolution Asset Management has hired advertising agency RPM3 to create a major new brand campaign for the group in the New Year.
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 […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]