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 […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]