UK borrowers have taken out a record number of fixed-rate mortgages since Sept 2006, according to the Mortgage Trust. Fixed-rate deals now make up over 60 per cent of the market, up 48 per cent since last September.
Capita Group has today signed a contract to become a strategic outsourcing partner of Resolution plc in a £580m deal.
Alexander Hall is to expand its branch network and broker headcount following the takeover of parent group Foxtons by BC Partners for 390m.Chief operating officer Andy Pratt says BC Partners is backing the plans, which will see Alexander Hall open more offices in Guildford and Surrey, where it only has one office, and expand further […]
Norwich Union says it will invest £180m this year to move its 850 legacy products onto five internal platforms and streamline its systems.NU has built up a large number of legacy systems as a result of the numerous mergers and acquisitions that have combined to form the firm.Distribution director David Barral says: “You would expect […]
Marsden Building Society and LV= have announced a new strategic partnership.From September, Marsden will be offering LV=’s range of investment, life insurance and pensions products, advised by the friendly’s tied financial advisers. Marsden Building chief executive Neil Shoesmith says: “The partnership with LV= will enable the society to offer members a broad range of investment, […]
“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan. Click here to read the full article
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New data has shed light on the number of people who will have to register under the FCA’s senior manager’s regime when it is extended to advisers and all other financial services firms. Figures provided to law firm Cleveland and Co show that currently, the senior managers regime covers just over 3,000 individuals. The FCA […]
The UK is officially the slowest growing economy in the G7 with GDP growth for Q2 confirmed at 0.3 per cent in the second estimate, according to the ONS. When the first estimate was released a month ago, the figure of 0.3 per cent growth was described as “muddling through”. The UK comes in behind Italy […]