View more on these topics

Watchdog extends look into small business lending

The Competition Commission is extending the scope of its look into small business lending practices by banks and building societies.

The watchdog is now sending questionnaires to banks and building societies not involved in lending to small business as it attempts to explain why the big four high street banks have such a stranglehold over the market.

Lengthy surveys have already been sent out to the big four banks, RBS-owned NatWest, Barclays, Lloyds TSB and HSBC, asking them about their lending practices.

The four banks control 83 per cent of the small business lending in the UK.

Alliance & Leicester and Abbey National have recently announced plans to dive into the small business lending market in attempts to offer up a challenge to the larger banks.

The banks will be summoned before the Competition Commission for an open-session hearing on September 8.


Axa Sun Life four-year plan bids to boost IFA business

Axa Sun Life says its new four-year business plan aims to forge closer links with IFAs as well as substantially increase its new business.As part of its plans, Axa intends to increase its number of broker consultants in the next four years.In its bid to get closer links with IFAs, the life office says it […]

Lenders to bid for business on the net

Mortgage 2000 has set up a free supermarket auction-type website for IFAs which claims to offer the chance to source the best mortgage rates while earning commission.IFAs&#39 clients complete an online proposal form which is designed to take around 10 minutes. The lenders then bid for the business through the site and the company can […]

Networks fear heavy PIA fines

IFA networks are bracing themselves for a series of heavy PIA fines in the wake of the £125,000 fine which was recently imposed on Berk-eley Independent.Industry sources say networks are waiting to see if the regulator slaps an even bigger fine on the next network in line, given that successive fines for failings over the […]

Small business should be big business

IFAs need to start plugging the knowledge gap among small business owners on self-certification mortgages.Despite an increasing number of mortgage lenders providing self-cert products, this option is little understood by a large proportion of its target market – the owners of small businesses.There are around 15 lenders offering self cert mortgages through intermediaries. With nearly […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. T1POi4 zaajqntbjyke, [url=]ujjabspztnbn[/url], [link=]fltlhqlubtqn[/link],

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm