Are lenders in danger of becoming too cautious? Despite the Bank of England’s £50bn rescue package, we have seen further evidence of lenders tightening criteria by cutting maximum loan to values (Abbey and Nationwide), introducing higher rates for those borrowing more than 75 per cent LTV (Alliance & Leicester) and hiking rates (too many lenders to mention by name).
Most adviser firms are “stuck in adolescence” and need to move quickly to transform their businesses to take account of the future regulatory landscape, says consultancy The Adviser Gym.
Persistent media coverage about disgraceful care homes and families being forced to sell up to pay fees have finally prompted Gordon Brown to launch a consultation into the funding of social care. He admits the system needs “radical reform”.
Four senior managers and around 14 advisers have left Origen in the last six weeks.
The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd. I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]
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