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Tiner expected to renew FSA contract

FSA chief executive John Tiner’s three-year contract runs out next month but he is expected to stay for a second three-year term. All directors of the FSA are appointed on three-year contracts except the chairman Callum McCarthy whose term is five years.

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Big leap in lending as HBOS share rises

HBOS has seen a dramatic rise in mortgage lending over the first six months of this year. Brokers believe the UK’s biggest lender is unlikely to be hit by the emergence of new players in the market because of its vast size and reputation. HBOS reported an increase in gross lending to 35.2bn from 27.6bn […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

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