Wednesday, 6 May 2015
DFMs not prepared for pension freedom 'wall of cash'
Model portfolios are not suitable for those staying invested.
Drawdown boosts Pru sales but new business profits down
UK retail sales up 8 per cent, but profits drop 11 per cent as annuity decline bites.
Lender in talks with tech providers on individual broker validation
Lenders looking to create a central database for individual broker validation; talks born out of FCA’s decision not to go ahead with individual broker registration.
Experts warn over unauthorised overseas pension transfers
HMRC rules mean schemes that allow pre-55 access will fail Qrops test.
Labour renews Tory tax avoidance attacks
Tax avoidance is coaltion’s biggest failure, says Miliband.
Tuesday, 5 May 2015
Financial Advice Network appoints managing director from HML
Mutual-owned network appoints Mark Smitheringale as managing director.
MAS defends ‘robust’ customer action figures
Number of customer actions came under criticism in the Treasury-commissioned MAS review.
Matthews Asia launches new Japan fund for UK investors
The fund will replicated the bottom-up Matthews Japan fund strategy in use since 1998.
HMRC takes bank bonus appeal to Supreme Court
UBS and Deutsche Bank accused of using offshore trusts employee benefit trusts to reduce tax.
Friday, 1 May 2015
Co-op Bank launches UK's lowest-ever 2-year fix at 1.09%
The direct-only product is available on loans up to 60 per cent LTV to new and existing borrowers and has a £1,499 fee.
PFS consumer website launch 'nail in coffin for MAS'
Professional body says it wants to raise its consumer profile.
Skipton bows to pressure on LTI cap
Skipton Building Society is set to become the latest lender to reduce its maximum loan-to-income ratio.
Barclays turns up the heat with 1.99% 5-year fix and Family Springboard revamp
Barclays has upped the intensity of the rate war by launching a 1.99 per cent five-year fixed rate as well as revamping its Family Springboard mortgage.
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