The FSA warns in its Risk Outlook for 2008 that mortgage intermediaries and packagers could face pressures on profitability due to declining business volumes. It also forecasts a rise in repossessions.
Fitch Ratings has downgraded Friends Provident’s insurer financial strength rating to A from A plus and its long-term issuer default rating to A minus from A.It has also changed the outlooks for both these ratings from stable to negative in response to Friends Provident’s announcement of its strategic review today.Friends plans to reshape its UK […]
Positive Solutions is launching a new in-house mortgage advice and sales service intended to offer its advisers exclusive deals from mortgage providers. The Mortgage Club will allow its partners access improved fees and higher service standards from 25 different lenders, including Abbey for Intermediaries, RBS and Bristol & West.Positive Solutions mortgage manager Paul Rignall says […]
Bertolt Brecht said: “It is easier to rob by setting up a bank than by holding up a bank clerk.”
Fund of hedge fund manager 3A has added six funds of hedge funds to its alternative capital enhancement Sicav range.
The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]