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.
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
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]