Latest News
Calculus’ CEO John Glencross comments on interest rate hike pause
Following the interest rate hike pause, which aligns with this week’s overall positive economic data trends, John Glencross, CEO and Co-Founder of Calculus, has shared his comments. Glencross said: “Today’s interest rate decision narrowly avoids the highest level seen...
Tight vote to hold rates at 5.25% but door left open for further hike – AJ Bell react
Bank of England holds interest rates at 5.25% – is the end of the line in sight? Reaction from finance experts
Bank of England interest rates stick at 5.25%: is there light at the end of the tunnel? Mortgage and Property professionals share their reaction
Moneyfacts share latest Pick of the Week savings and mortgage products
The Moneyfactscompare.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market. This week, resident Finance Expert, Rachel Springall, has analysed the following deals, along with their...
Homebuyers have only 18months to avoid Stamp Duty hike – with costs set to jump by £2.5k
Future homebuyers have only 18months to avoid a Stamp Duty hike which could cost them thousands of pounds, with tax on an average priced home in England set to jump by £2,500 in March 2025, according to analysis from Coventry Building Society.Homebuyers currently pay...
Quilter appoints Chris Jones as Financial Adviser School academy director
Quilter has today announced the appointment of Chris Jones as its Financial Adviser School (FAS) academy director. Jones joins the Quilter Financial Adviser School from wealth management firm St James’s Place, where most recently he held the role of head of change and...
Business & Development
Quilter appoints Chris Jones as Financial Adviser School academy director
Quilter has today announced the appointment of Chris Jones as its Financial Adviser School (FAS) academy director. Jones joins the Quilter...
Public finances continue to leave little wiggle room for chancellor
Government borrowing was £11.6 billion in August – £3.5 billion more than the year before At £69.6 billion in the year to August that’s...
Nationwide launches top of market £200 switching incentive and 8% regular saver
£200 paid to current account customers using the Current Account Switch Service Current account customers rewarded with market-leading...
Businesses with no plan B – Almost half of business owners have no exit strategy and more than a third have no succession plan, Charles Stanley
Almost half of business owners (48%) admit to not having an exit strategy in place, and well over a third of businesses (37%) have no...
FE fundinfo takes step to advancing new fee and distribution channel with adjuto acquisition
FE fundinfo, a global leader of fund information, technology and services, has announced the acquisition of French-based firm Adjuto,...
Economy
Tight vote to hold rates at 5.25% but door left open for further hike – AJ Bell react
Danni Hewson, head of financial analysis at AJ Bell, comments on the latest Bank of England interest rate decision. She said: “It was...
Bank of England holds interest rates at 5.25% – is the end of the line in sight? Reaction from finance experts
Finance experts share their reaction to the latest Bank of England interest rate decision
Online Safety Bill passes final reading in the Lords – positive reaction
Following today's news that the Online Safety Bill has passed its final reading in the House of Lords and is set to receive Royal Assent,...
Is Sunak set to backtrack on UK’s Climate and Net Zero plans? PM to make statement later this afternoon: reaction
With a BBC report this week highlighting that the UK Government is looking to backtrack on some of its environmental targets, PM Rishi...
Surprise, surprise! What are the implications of today’s shock inflation data? The industry reacts
For once, there's some relatively good economic news as the Office for National Statistics (ONS) has today announced the latest UK CPI...
Insurance and protection
Chartered Insurance Institute awards prizes for exceptional exam performance
The Chartered Insurance Institute (CII) has awarded 33 prizes for exceptional performance in its qualifications during 2023. The CII has...
The Parent Wellbeing Gap – why employers need to act – MetLife UK
Six in ten (61%) parents admit the worry they have for their child(ren) is making them anxious and stressed, with almost two in five (39%)...
Free Care Concierge service rolled out to Legal & General Retail customers
Bernie Hickman, CEO, Legal & General Retail The free service, to be included across Retail products as standard, provides instant...
Richard Jackson appointed Head of Consulting for Towergate Health & Protection
Towergate Health & Protection today announced the appointment of Richard Jackson as Head of Consulting. Richard will lead the...
Vitality paid £96m in life claims to its members in 2022
Vitality has published its life claims statistics for 2022, which shows it paid out 96.6% of all protection claims totalling £96m in...
Mortgage & Property
Bank of England interest rates stick at 5.25%: is there light at the end of the tunnel? Mortgage and Property professionals share their reaction
Mortgage and Property professionals react to the latest interest rate news from the Bank of England and the impact it’s likely to have for the UK property market
Moneyfacts share latest Pick of the Week savings and mortgage products
The Moneyfactscompare.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market. This week, resident Finance Expert, Rachel Springall, has analysed the following deals, along with their...
Homebuyers have only 18months to avoid Stamp Duty hike – with costs set to jump by £2.5k
Future homebuyers have only 18months to avoid a Stamp Duty hike which could cost them thousands of pounds, with tax on an average priced home in England set to jump by £2,500 in March 2025, according to analysis from Coventry Building Society.Homebuyers currently pay...
Foundation Home Loans launches new buy-to-let Specials for Landlords
Foundation Home Loans, the intermediary-only specialist lender, has today launched a new range of buy-to-let fixed-rate Specials including a five-year fixed-rate product for Portfolio Landlords only. In its F1 range – for landlord borrowers with an almost clean credit...
Propertymark: Rishi Sunak’s statement regarding Net Zero.
Timothy Douglas, Head of Policy and Campaigns at Propertymark comments on Rishi Sunak's statement regarding Net Zero and Energy Efficiency Targets. “Property agents have been desperate for clarity from the UK Government on new plans for energy efficiency targets and...
LiveMore unveils game-changing ‘counter-offer’ feature for brokers
LiveMore continues to make sourcing later life products simple for brokers by introducing ‘counter-offer’ to its later life platform. In an industry-first, brokers only need to key their client’s details once and LiveMore will return not only all product options...
Regulation & Compliance
Digital compliance unmasks illicit funds with source of funds feature
Regulated firms struggling to keep pace with criminals who disguise the illegal source of their funds can now identify potentially dirty...
New screening checks required to approve financial adverts
To help people to make informed decisions to save, invest and borrow with confidence, the Financial Conduct Authority (FCA) is introducing...
FCA takes first action under Consumer Duty – MorganAsh comments
Following news that the FCA has taken its first action under Consumer Duty, requesting value assessments from nine banks, we have a...
FCA analysis reveals there are fewer than one million interest-only mortgages outstanding
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new Financial Conduct Authority...
FCA finds fund managers’ value assessments significantly improved, but still work to do
Following a review of fund managers’ value assessments, the FCA has found that while many firms have better practices in place, some still...
Digest
1 in 5 Women Believe That Their Employer Doesn’t Support Menopause or Menstruation
Latest research by instantprint prevailing opinions regarding menopause and menstruation in the workplace to determine whether, in 2023, it remains taboo to talk about natural bodily functions. They also spoke to Nic Ponsford, CEO & Founder of the Global...
How to avoid stress and burnout as a small business owner
September is traditionally a stressful month as children return to school, the weather changes, and businesses prepare for a busy fourth quarter. In fact, search volumes for the term ‘stress’ increased by 22% from August to September last year. With more than half...
1 in 10 UK adults fear their more vulnerable relatives have lost money through poor financial decisions
Close to half (45%) of UK adults are concerned about the financial decision-making of their more vulnerable relatives as they get older, with 1 in 10 (10%) saying their relatives have made poor financial decisions in the past two years resulting in some form of...
1 in 3 UK adults now focused on savings despite over 13.7 million* having less than £1,000 in the bank, finds Gatehouse Bank
Gatehouse Bank, the Shariah-compliant challenger bank, has today released new research demonstrating that the UK’s money mindset is shifting towards saving. The research looked at UK adults’ attitudes to money, assessing the key factors that influence them, why they...
The UK has lost £1.6Bn to fraudsters and cyber criminals this year
New research from London IT support provider Amazing Support reveals that the UK has lost a total of £1.6Bn to fraud and cyber-related crime since the start of the year. Analysing data drawn from Action Fraud's website, figures show that from a total of 240,067...
Return to the office: New study reveals searches for ‘office job’ back to pre-pandemic level
A new study by office search agency, Sketch Labs, finds that searches for the term "office job" are back to pre-pandemic levels, increasing by 2361.4% since 2019-2020 - meaning that people are now searching for office jobs 23 times more often than they were two years...
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