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March 27, 2015 - Latest:

Remortgaging to become harder under new European affordability rules

Remortgaging to become harder under new European affordability rules

Borrowers wanting to switch lenders to remortgage will have to undergo strict affordability assessments, even if they do not wish to borrow more, under new European rules.   The Financial [...]

Losses from online banking fraud up 48%

Losses from online banking fraud up 48%

The increase in online banking has seen losses from fraud rise by almost half over the past year.   According to Financial Fraud Action, banking fraud losses rose by 48% [...]

Insider trader jailed for 10 months

Insider trader jailed for 10 months

A man found guilty of insider trading has been sentenced to 10 months imprisonment and had a £23,000 confiscation order placed on his assets.   Ryan Willmott was working as [...]

Retirees in flexible drawdown risk fines when contributing into pension

Retirees in flexible drawdown risk fines when contributing into pension

Retirees who have already put their pension into flexible drawdown could be hit by fines if they don’t report to the taxman.   Under the new pension freedom rule, those [...]

Retirees who raid pensions will be blocked from state benefits

Retirees who raid pensions will be blocked from state benefits

Retirees who purposefully exhaust their pension pots and fall back on the state will not be given means-tested benefits, the government has confirmed.   The Department for Work and Pensions [...]

Home affordability deteriorates to pre-financial crisis levels

Home affordability deteriorates to pre-financial crisis levels

Rising property prices have meant home affordability has deteriorated over the past year to levels not seen since before the financial crisis. Analysis by Lloyds shows buyers are struggling to [...]

Non-advised annuity and drawdown sales will harm retirees, warns consumer panel

Non-advised annuity and drawdown sales will harm retirees, warns consumer panel

Consumers face ‘real and immediate’ detriment if the regulator does not protect them from non-advised sales of retirement products.   The Financial Conduct Authority (FCA) this week set out a [...]

Deflation fears are ‘misleading’, says Bank deputy

Deflation fears are ‘misleading’, says Bank deputy

Fears that Britain will become stuck in a deflationary spiral of falling prices and wages are overblown, according to the deputy governor of the Bank of England.   Ben Broadbent [...]

Royal London proposes “radical solution” to retirement income market failure

The Financial Conduct Authority’s final report on the Retirement Income Market demonstrates how far the regulator’s thinking has progressed since the announcement of freedom and choice in pensions one year [...]

Optimism continues to creep back into the UK housing market

Sentiment towards property is looking that bit brighter, with over a third of people believing that now is a good time to buy, according to research from the Building Societies [...]

Blog: Venture Capital Trust (VCT) investment: spot the connection

I have a confession to make.  One of my guilty secrets is that, from time to time, I get addicted to a particular TV quiz show writes Ian Sayers, chief [...]

An investor’s guide to peer to peer lending

The peer to peer lending market continues to grow, while increasingly offering wider ranges of loans and better protection for investors in the event of borrowers defaulting. Many thousands of [...]

Mindful Money’s Mortgage Calculators

Mindful Money has launched a range of mortgage tools so readers can now search online for the best deals. We’ve teamed up with London & Country, the UK’s leading fee [...]

China pushing hard for a more prominent role in the global financial system

Ashmore head of research Jan Dehn looks at why China is driving for an ever more prominent role in the global financial system… The support for its Asian Infrastructure Investment Bank initiative [...]

Sainbury’s Bank extends 0% interest period on balance transfers

Sainsbury’s Bank has extended the 0% interest period on new customer balance transfers on three credit card offers. The Sainsbury’s Nectar Balance Transfer Credit Card now offers 0% interest on [...]

Cancer Research remains the top charity among Britons but few have embraced digital donating

The most popular charity to give to in 2014 was Cancer Research, which received donations from over half a million customers, according to the latest Halifax Giving Monitor. The top 10 [...]

Bond markets and currencies now “on a different path”

We have written extensively recently on moves in bond yields and currencies and general expectations of lower long term growth and inflation and, within that, economies and monetary policy that [...]

Comparethemarket offers two for one cinema tickets to existing and new customers

Comparethemarket.com has launched a new two for one cinema tickets reward scheme every Tuesday or Wednesday when they switch an insurance, energy, utilities or money products through the price comparison [...]

‘Patient’ does not mean ‘impatient’, or the Fed has blinked

Anna Stupnytska, global economist at Fidelity Worldwide Investment, looks at the latest rhetoric coming from the US Federal Reserve… While ‘patient’ was dropped at the March FOMC meeting as widely [...]

Tax expert gives her view of changes to entrepreneurs’ relief changes and more

Tina Riches, national tax partner at Smith & Williamson, the accountancy and investment management group considers the tax implications of the Budget for businesses. Entrepreneurs’ relief: Contrived structures and changes [...]

Axa IM’s David Page gives an economist’s view on the Budget

David Page, senior economist at AXA Investment Managers shares his views on the 2015 Budget. “Budget 2015 saw the Chancellor juggle the opposing needs of balancing fiscal rectitude with voter-friendly [...]

Personal allowance increase will save taxpayers up to £200

The Chancellor has announced a further above-inflation boost to the personal allowance , which will mean a tax cut for 27 million people. In today’s Budget statement, George Osborne said [...]

House price rises may render Help to Buy Isa boost useless, critics warn

Experts have cast doubt on how useful the Chancellor’s  Help to Buy Isas will be for struggling first-time buyers. While many welcomed George Osborne’s promise to launch Help to Buy [...]

Cashing in an annuity could reduce its value by 30%, pension experts warn

A pension provider has warned that people cashing in their annuities could lose as much as 30% of the value. They say this means the proposal will not make sense [...]

Self-asessment tax returns to be scrapped

The Chancellor has announced that the requirement for self-employed workers to file an annual self-assessment tax return will be scrapped. In his Budget speech this afternoon, Chancellor George Osborne said [...]

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