The FSA has banned and fined Newcastle Home Loans £170,000 for submitting false information in mortgage applications. In a separate action, the regulator banned Cornwall mortgage broker Stephen Sanders for fraud this week.
A new trade body, the Federation of European Independent Financial Advisers, has been set up to represent the interests of English-speaking IFAs operating in mainland Europe.
Barclays’ profits rose by 8 per cent in the the first half of this year to £2.98bn from £2.75bn in 2008 while HSBC’s profits halved to £2.98bn from £6.1bn.
Insight’s head of multi-asset group Mike Pinggera is an idea-hunter who believes the firm’s platform gives a great base for building the portfolios
The Financial Services Compensation Scheme paid out £20.9bn in compensation payments in 2008/09, up from £82.93m in 2007/08, mainly attributed to the failure of five banks.
Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.
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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 […]