Newcastle Building Society has launched a mortgage with a fixed rate of 5.49 per cent lasting for 20 years.The fixed rate will run until November 30 2026 and is available direct from Newcastle branches and call centres. The minimum loan is £15,000 and the maximum is £250,000. It is available up to 90 per cent […]
Shepherds Friendly Society is calling for IFAs to help it to design new and relevant financial products for consumers.The mutual insurer says IFAs are frustrated by the lack of input they have into the products they sell and says advisers are best placed to understand what consumers want.Shepherds, formed in 1826, is asking for IFAs […]
Barclays and Premier Mortgage Service have teamed up to help Britons find and buy a property in Spain.The initiative, called Pearl overseas, will kick-off in November and will include the services of Spanish property website Facilisimo.com.It will launch with around 150 developments from the top 70 property developers in Spain, which means over 1000 individual […]
The Treasury select committee is taking evidence looking at the responsiveness of the FSA to the needs of consumers and progress in relation to its Better Regulation Action Plan as part of its regular scrutiny of the regulator.
The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]