Legal & General Home Finance has recently announced a new 5-year partnership agreement with Virgin Money, which will see the retirement lender offer its lifetime mortgage product range to the bank’s interest-only customers aged 55 and over; and more...
In the recent Treasury Select Committee report, it states that responsibility for improving overall levels of household net saving sits “more appropriately” with the government and HM Treasury, rather than the financial regulators
The Financial Conduct Authority (FCA) has recently issued a discussion paper on whether it should introduce a Basic Savings Rate (BSR) in order to support those savers who leave their money sitting in an easy access savings account
Household inflation expectations hit a 19-month low in July while job security rose, according to the seasonally-adjusted IHS Markit Household Finance Index
Lloyds lost market share in UK mortgages last year as Royal Bank of Scotland (RBS), HSBC and other challenger banks gained, according to the figures published by UK Finance yesterday
HMRC has recently announced that it is refusing to rethink its current position on the taxation of pension freedoms withdrawals, which many firms, such as AJ Bell, feel will deliver a “bitter blow” to millions of savers
Retired homeowners released £1.71bn of property wealth in the first six months of the year, as the equity release market continued its record-breaking expansion, according to the latest data from Key Retirement’s H1 2018 Equity Release Market Monitor
As the financial industry evolves, with more products being introduced and far more complex and advanced technological developments being implemented, Goji Investments head of distribution David Beacham says that “the advice sector is more driven by regulation than ever before”
Fintech provides “risks and opportunities” for the UK, but the government is “completely committed” to bringing the sector to fruition, Economic Secretary to the Treasury and City Minister John Glen has said
Estimated gross mortgage lending for the total market in May was £22.2bn, 8.8% higher than the figures reported in May 2017, according to the latest statistics from UK Finance
Two million defined contribution savers that received and read their annual statement said they did not understand it, according to the Financial Conduct Authority, with many savers displaying a vulnerability to financial harm