The Chancellor is again trying to encouraging mortgage lenders to increase the take-up of long-term fixed-rate mortgages. Darling says he will bring forward proposals at the Budget on reforms to help lenders ensure that, if it is right for them, more people can fix their mortgages as a matter of routine.
Tony Bridgland recalls the pre-Thatcher days when lenders didn’t lend more than their funds permitted and when only the best-quality business was sought
Platform has appointed Piero Bassu as head of credit risk within the company’s risk and compliance department. Reporting directly into Platform’s director of risk and compliance Alexia Antoniou, Bassu is tasked with managing the credit risk team responsible for supporting the business strategy and ensuring Platform’s risk appetite is reflected in business activities.Bassu worked at […]
Thinc Destini director of wealth management Patrick Murphy has questioned the importance of the independent tag, saying he would not have a problem being tied to a single wrap platform.Speaking at Morningstar’s Investment Conference last month, Murphy said being a wealth manager is a pure financial planning role where clients are advised on their goals […]
Alistair Darling’s announcement that he will withdraw capital gains tax taper relief could cause serious damage to small companies like IFAs, warns tax consultant Chiltern.
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]
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Almost three years on from the start of the pension freedoms, people approaching retirement are looking for the most effective and efficient way to use the flexibility, while also balancing the various risks that come with this freedom of choice. While there are undoubtedly many opportunities, there are also challenges for both clients and their […]
Lighthouse has increased its pre-tax profits by nearly a third from £1.9m to £2.5m, according to annual results published this morning. The AIM listed firm attributed much of this performance to its advice arm – Lighthouse Financial Advice – doing better than expected. It generated significantly higher gross revenues than targeted and retained a greater […]
Financial services veteran Peter Mann famously reserved a chair at board meetings to represent the client, his view being the only thing that really matters is whether they have been served. Although he winces at being described as client-centric, the ex-Skandia chief executive and Old Mutual Wealth vice chairman’s focus on the customer extends to […]