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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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 […]