Professional Adviser www.professionaladviser.com Edinburgh advice firms join forces in strategic merger <img alt="Edinburgh advice firms join forces in strategic merger" src="https://www.professionaladviser.com/api/v1/wps/d37a794/73083f8b-cf75-4494-a6ea-d75c9ba6e52d/4/edinburgh-185x114.jpg" /> <p><!--summary start--> Edinburgh-based advice firms RMS Financial and Calton Wealth Management have announced a merger. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/d37a794/73083f8b-cf75-4494-a6ea-d75c9ba6e52d/4/edinburgh-185x114.jpg https://www.professionaladviser.com/news/4119712/edinburgh-advice-firms-join-forces-strategic-merger https://www.professionaladviser.com/news/4119712/edinburgh-advice-firms-join-forces-strategic-merger https://www.professionaladviser.com/news/4119712/edinburgh-advice-firms-join-forces-strategic-merger Mon, 10 Jul 2023 06:53:53 +0000 Schroders' Benchmark Capital takes stake in Oculus Wealth Management <img alt="Schroders&#39; Benchmark Capital takes stake in Oculus Wealth Management" src="https://www.professionaladviser.com/api/v1/wps/6314075/77829223-f3c5-4ac8-b646-8845b1b22be9/5/iStock-1317470754-185x114.jpg" /> <p><!--summary start--> Benchmark Capital, the financial planning part of Schroders Group, has reached an agreement to take a 51% shareholding in Oculus Wealth Management. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6314075/77829223-f3c5-4ac8-b646-8845b1b22be9/5/iStock-1317470754-185x114.jpg https://www.professionaladviser.com/news/4061537/schroders-benchmark-capital-takes-stake-oculus-wealth-management https://www.professionaladviser.com/news/4061537/schroders-benchmark-capital-takes-stake-oculus-wealth-management https://www.professionaladviser.com/news/4061537/schroders-benchmark-capital-takes-stake-oculus-wealth-management Tue, 13 Dec 2022 07:30:34 +0000 Evelyn Partners unveils 'ambitious' growth plans with new Glasgow office <img alt="Evelyn Partners unveils &#39;ambitious&#39; growth plans with new Glasgow office" src="https://www.professionaladviser.com/api/v1/wps/6465000/09b70698-5579-40ee-be58-06b5bcd8d5d7/3/iStock-1330966459-185x114.jpg" /> <p><!--summary start--> Evelyn Partners will bring together its Glasgow teams in a new central office as it looks to push forward with “ambitious growth plans” in Scotland. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/6465000/09b70698-5579-40ee-be58-06b5bcd8d5d7/3/iStock-1330966459-185x114.jpg https://www.professionaladviser.com/news/4056640/evelyn-partners-unveils-ambitious-growth-plans-glasgow-office https://www.professionaladviser.com/news/4056640/evelyn-partners-unveils-ambitious-growth-plans-glasgow-office https://www.professionaladviser.com/news/4056640/evelyn-partners-unveils-ambitious-growth-plans-glasgow-office Wed, 21 Sep 2022 10:06:16 +0000 Tilney Smith & Williamson sees gross inflows of £4.5bn in nine months <img alt="Tilney Smith &amp; Williamson sees gross inflows of £4.5bn in nine months" src="https://www.professionaladviser.com/api/v1/wps/c84e8c2/5f7b8213-db29-46ca-b4ec-70d65eb444a6/11/Chris-Woodhouse-185x114.jpg" /> <p><!--summary start--> Tilney Smith & Williamson has attracted £4.5bn of gross new business in the first nine months of 2021, bringing assets under management to £56bn. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/c84e8c2/5f7b8213-db29-46ca-b4ec-70d65eb444a6/11/Chris-Woodhouse-185x114.jpg https://www.professionaladviser.com/news/4039568/tilney-smith-williamson-gross-inflows-gbp-5bn-months https://www.professionaladviser.com/news/4039568/tilney-smith-williamson-gross-inflows-gbp-5bn-months https://www.professionaladviser.com/news/4039568/tilney-smith-williamson-gross-inflows-gbp-5bn-months Mon, 1 Nov 2021 15:55:07 +0000 Suspicious activity reports by staff at financial firms exceeded one million during 2019-20 <img alt="Suspicious activity reports by staff at financial firms exceeded one million during 2019-20" src="https://www.professionaladviser.com/api/v1/wps/7175c40/f2f26c25-3be8-4e02-a4f5-5b020e0515f2/7/iStock-1271787791-185x114.jpg" /> <p><!--summary start--> Suspicious activity reports submitted by staff at financial firms have been steadily increasing in number year-on-year since 2017, according to data from the FCA. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/7175c40/f2f26c25-3be8-4e02-a4f5-5b020e0515f2/7/iStock-1271787791-185x114.jpg https://www.professionaladviser.com/news/4039542/suspicious-activity-reports-staff-financial-firms-exceeded-million-2019 https://www.professionaladviser.com/news/4039542/suspicious-activity-reports-staff-financial-firms-exceeded-million-2019 https://www.professionaladviser.com/news/4039542/suspicious-activity-reports-staff-financial-firms-exceeded-million-2019 Mon, 1 Nov 2021 12:35:24 +0000 T. Rowe Price acquires Oak Hill Advisors <img alt="T. Rowe Price acquires Oak Hill Advisors " src="https://www.professionaladviser.com/api/v1/wps/a59d378/f9270b48-9489-4ffb-a798-30a6657821d5/3/shutterstock-207866794-185x114.jpeg" /> <p><!--summary start--> T. Rowe Price is buying alternative credit manager Oak Hill Advisor (OHA) for a total consideration of $4.2bn, to be paid mostly in cash, as demand for alternative credit strategies among institutional investors gathers pace. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/a59d378/f9270b48-9489-4ffb-a798-30a6657821d5/3/shutterstock-207866794-185x114.jpeg https://www.professionaladviser.com/news/4039435/rowe-price-acquires-oak-hill-advisors https://www.professionaladviser.com/news/4039435/rowe-price-acquires-oak-hill-advisors https://www.professionaladviser.com/news/4039435/rowe-price-acquires-oak-hill-advisors Thu, 28 Oct 2021 18:39:58 +0000 M&S Bank to launch mortgage range <p><!--summary start--> Retail giant Marks & Spencer's banking arm has announced plans to launch a mortgage range for first-time buyers and home movers. <!--summary end--></p> https://www.professionaladviser.com/news/3019533/-bank-launch-mortgage-range https://www.professionaladviser.com/news/3019533/-bank-launch-mortgage-range Fri, 20 Oct 2017 06:31:00 +0000 A Nightmare on Broker Street <p><!--summary start--> Trying to broker a mortgage case in this era of regulatory and lender scrutiny is almost as frightening as a Freddy Krueger movie, but there is one reason why you should never be afraid, writes Prolific Mortgages managing director Lea Karasavvas. <!--summary end--></p> https://www.professionaladviser.com/opinion/2168468/nightmare-broker-street https://www.professionaladviser.com/opinion/2168468/nightmare-broker-street Wed, 18 Apr 2012 08:45:00 +0000 Virgin Money: The birth of a mortgage lender <p><!--summary start--> The Virgin Money buy-out brings with it both good and bad news, but it is the latter - the £653m loss to taxpayers - that will make all the headlines tomorrow. <!--summary end--></p> https://www.professionaladviser.com/opinion/2125859/virgin-money-birth-mortgage-lender https://www.professionaladviser.com/opinion/2125859/virgin-money-birth-mortgage-lender Thu, 17 Nov 2011 14:15:00 +0000 Why paying brokers is still the most efficient route to market <p><!--summary start--> Saffron Building Society's John Eastgate on why direct channels still cannot compete with intermediaries... <!--summary end--></p> https://www.professionaladviser.com/opinion/2116508/paying-brokers-efficient-route-market https://www.professionaladviser.com/opinion/2116508/paying-brokers-efficient-route-market Wed, 12 Oct 2011 09:15:00 +0000 FSA confirms Yorkshire/N&P merger <p><!--summary start--> The FSA today confirmed the merger between the Yorkshire Building Society and its smaller rival Norwich & Peterborough(N&P) which will complete on 1 November. <!--summary end--></p> https://www.professionaladviser.com/news/2111642/fsa-confirms-yorkshire-merger https://www.professionaladviser.com/news/2111642/fsa-confirms-yorkshire-merger Fri, 23 Sep 2011 14:30:00 +0000 Coutts tightens mortgage criteria to exclude non-millionaires <p><!--summary start--> Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications. <!--summary end--></p> https://www.professionaladviser.com/news/2044608/coutts-tightens-mortgage-criteria-exclude-millionaires https://www.professionaladviser.com/news/2044608/coutts-tightens-mortgage-criteria-exclude-millionaires Tue, 19 Apr 2011 11:09:59 +0000 Nationwide follows Lloyds in interest-only crackdown <p><!--summary start--> Nationwide Building Society has announced it is to restrict the maximum LTV of its interest-only mortgages to 75%. <!--summary end--></p> https://www.professionaladviser.com/news/2040675/nationwide-follows-lloyds-crackdown https://www.professionaladviser.com/news/2040675/nationwide-follows-lloyds-crackdown Tue, 5 Apr 2011 16:03:00 +0000 Skandia boosts adviser support <p><!--summary start--> Skandia has appointed Andy Davies as director of adviser sales and Steve Powell as director of corporate partners. <!--summary end--></p> https://www.professionaladviser.com/news/1560345/skandia-boosts-adviser-support https://www.professionaladviser.com/news/1560345/skandia-boosts-adviser-support Fri, 30 Oct 2009 10:59:00 +0000 MPs say FSA misled Select Committee over Iceland - papers <p><!--summary start--> The Financial Services Authority (FSA) may have deliberately misled the committee over Icelandic banks, MPs have claimed, The Telegraph reports. <!--summary end--></p> https://www.professionaladviser.com/news/1406045/mps-fsa-misled-select-committee-iceland-papers https://www.professionaladviser.com/news/1406045/mps-fsa-misled-select-committee-iceland-papers Fri, 12 Jun 2009 10:30:00 +0000 Darling to raise FSCS limit - papers 1 July <p><!--summary start--> The protection limit for savers is set to be raised to £50,000 under proposals due to be announced by the Government today, The Telegraph reports. <!--summary end--></p> https://www.professionaladviser.com/news/1348711/darling-raise-fscs-limit-papers-july https://www.professionaladviser.com/news/1348711/darling-raise-fscs-limit-papers-july Tue, 1 Jul 2008 10:40:00 +0000 An open letter on dual-pricing to Hector Sants from IFAonline.co.uk <p><!--summary start--> Dear Mr Sants, I am writing to you on behalf of the huge number of IFAonline.co.uk readers who believe the FSA's response to the issue of dual-pricing has been insufficient and are calling for urgent further action. <!--summary end--></p> https://www.professionaladviser.com/news/1344747/-letter-dual-pricing-hector-sants-ifaonline-uk https://www.professionaladviser.com/news/1344747/-letter-dual-pricing-hector-sants-ifaonline-uk Wed, 28 May 2008 16:00:00 +0000 TMB appoints business development manager <p><!--summary start--> The Mortgage Business (TMB) has appointed Caroline Carroll as business development manager it was announced today. <!--summary end--></p> https://www.professionaladviser.com/news/1342330/tmb-appoints-business-development-manager https://www.professionaladviser.com/news/1342330/tmb-appoints-business-development-manager Mon, 7 Jan 2008 14:30:00 +0000 Brokers shouldn't rely on sourcing systems to help FTBs - Boulger <p><!--summary start--> When finding deals for first time buyers, it is as important for brokers to use their brains and experience as it is to consult a sourcing system, according to Ray Boulger. <!--summary end--></p> https://www.professionaladviser.com/news/1340939/brokers-shouldn-rely-sourcing-systems-help-ftbs-boulger https://www.professionaladviser.com/news/1340939/brokers-shouldn-rely-sourcing-systems-help-ftbs-boulger Thu, 15 Nov 2007 08:00:00 +0000 Was the FSA right to clamp down on the sub prime market? <p><!--summary start--> The FSA's report into the sub-prime mortgage market, which resulted in the regulator taking action against five intermediary firms for ‘weaknesses' in their advice procedures, has been largely welcomed by the mortgage industry. <!--summary end--></p> https://www.professionaladviser.com/feature/1339295/-fsa-clamp-sub-prime-market https://www.professionaladviser.com/feature/1339295/-fsa-clamp-sub-prime-market Fri, 6 Jul 2007 12:50:00 +0000 Mortgages offered at six times salary - papers 11th April <p><!--summary start--> LENDERS ARE now offering mortgages equal to six times salary to first-time buyers desperate to get a foot on the property ladder, as house prices soar out of reach, says the Daily Telegraph . <!--summary end--></p> https://www.professionaladviser.com/news/1352147/mortgages-offered-times-salary-papers-11th-april https://www.professionaladviser.com/news/1352147/mortgages-offered-times-salary-papers-11th-april Wed, 11 Apr 2007 10:47:00 +0000 Brokers go for super-size option <p><!--summary start--> Five of the UK's largest mortgage brokers have clubbed together in what they are stating is a loose coalition designed to give them better bargaining power with lenders. <!--summary end--></p> https://www.professionaladviser.com/news/1347567/brokers-super-size-option https://www.professionaladviser.com/news/1347567/brokers-super-size-option Wed, 29 Nov 2006 14:00:00 +0000 Hips could wipe £5.7bn from economy <p><!--summary start--> Home information packs (Hip) could potentially wipe up to £5.7bn in gross domestic product from the UK economy and make almost 100,000 people jobless in the first year of their introduction, an independent report has said today. <!--summary end--></p> https://www.professionaladviser.com/news/1345600/hips-wipe-gbp5-7bn-economy https://www.professionaladviser.com/news/1345600/hips-wipe-gbp5-7bn-economy Tue, 27 Jun 2006 16:30:00 +0000 IFAonline TV: Just what is the future of mortgages? <p><!--summary start--> A drop in the number of houses on the market and a rise in the use of offset and lifetime mortgages are some of the developments speakers on IFAonline TV expect to see in the near future. <!--summary end--></p> https://www.professionaladviser.com/news/1350993/ifaonline-tv-future-mortgages https://www.professionaladviser.com/news/1350993/ifaonline-tv-future-mortgages Mon, 8 May 2006 11:00:00 +0000 IFAonlineTV: Mortgages are 'financial planning tools' <p><!--summary start--> A mortgage should be regarded as a financial planning tool to help people at different stages of their lives, according to industry figures speaking on IFAonline TV. <!--summary end--></p> https://www.professionaladviser.com/news/1351208/ifaonlinetv-mortgages-financial-planning-tools https://www.professionaladviser.com/news/1351208/ifaonlinetv-mortgages-financial-planning-tools Wed, 3 May 2006 17:00:00 +0000 Oakwood Group pinches more HBOS Staff <p><!--summary start--> Specialist lender, The Oakwood Group, has carried out another smash and grab raid on BM Solutions and Halifax Bank of Scotland Specialist Lending poaching eight more staff from the two firms. <!--summary end--></p> https://www.professionaladviser.com/news/1349324/oakwood-pinches-hbos-staff https://www.professionaladviser.com/news/1349324/oakwood-pinches-hbos-staff Thu, 22 Dec 2005 15:00:00 +0000 Confusion over mortgages rife says Charcol <p><!--summary start--> Confusion over mortgages is rife, research from John Charcol reveals. <!--summary end--></p> https://www.professionaladviser.com/news/1347884/confusion-mortgages-rife-charcol https://www.professionaladviser.com/news/1347884/confusion-mortgages-rife-charcol Wed, 9 Nov 2005 16:00:00 +0000 FSA reveals naked ambition in mortgage exposé <p><!--summary start--> The Financial Services Authority has come up with a cheeky new approach to revealing the mortgage market and launched a consumer website hosted by cartoon characters in their birthday suits. <!--summary end--></p> https://www.professionaladviser.com/feature/1336750/fsa-reveals-naked-ambition-mortgage-expose https://www.professionaladviser.com/feature/1336750/fsa-reveals-naked-ambition-mortgage-expose Wed, 26 Oct 2005 11:00:00 +0000 Bolton leads defection to Oakwood <p><!--summary start--> The Oakwood Group, a private equity firm focused on the specialist lending sector has announced the hiring of five senior executives from HBOS including the current head of specialist lending, Michael Bolton. <!--summary end--></p> https://www.professionaladviser.com/news/1345804/bolton-leads-defection-oakwood https://www.professionaladviser.com/news/1345804/bolton-leads-defection-oakwood Tue, 4 Oct 2005 13:00:00 +0000 Exit fees variation is unfair, says the FSA <p><!--summary start--> Mortgage lenders who substantially increase exit fees between agreeing the contract term and the consumer exiting the mortgage are acting unfairly, according to the Financial Services Authority (FSA). <!--summary end--></p> https://www.professionaladviser.com/news/1335265/exit-fees-variation-unfair-fsa https://www.professionaladviser.com/news/1335265/exit-fees-variation-unfair-fsa Tue, 27 Sep 2005 13:00:00 +0000 Lenders will standardise IT systems says Unisys <p><!--summary start--> Two-thirds of mortgage lenders will continue to invest in IT systems over the next two to three years despite heavy investment during 2004 to meet the requirements of the Financial Services Authority, research reveals. <!--summary end--></p> https://www.professionaladviser.com/news/1335782/lenders-standardise-systems-unisys https://www.professionaladviser.com/news/1335782/lenders-standardise-systems-unisys Tue, 9 Aug 2005 11:00:00 +0000 Lenders increase exit fees by 7.8% in a month <p><!--summary start--> Mortgage exit fees are increasing as lenders try to make it more difficult for their present customers to leave them, according to research released yesterday. <!--summary end--></p> https://www.professionaladviser.com/news/1353148/lenders-increase-exit-fees https://www.professionaladviser.com/news/1353148/lenders-increase-exit-fees Thu, 7 Jul 2005 11:00:00 +0000 Bank of England raises base rate to 4.75% <p><!--summary start--> Varying responses to the Bank of England MPC's quarter percentange point rise - to 4.75% - suggest there are still mixed opinions about the prospects of a property crash. <!--summary end--></p> https://www.professionaladviser.com/news/1348132/bank-england-raises-base-rate-75 https://www.professionaladviser.com/news/1348132/bank-england-raises-base-rate-75 Thu, 5 Aug 2004 13:00:00 +0000 FSA regulations <p><!--summary start--> By Rachel Williams The FSA has yielded to industry pressure and is to regulate all mortgage loans t... <!--summary end--></p> https://www.professionaladviser.com/news/1301566/fsa-regulations https://www.professionaladviser.com/news/1301566/fsa-regulations Thu, 1 May 2003 01:00:00 +0000 Lending to real people <p><!--summary start--> Having your mortgage application turned down is a harsh reality for one in four housebuyers. A sub-p... <!--summary end--></p> https://www.professionaladviser.com/news/1323201/lending-real-people https://www.professionaladviser.com/news/1323201/lending-real-people Mon, 20 May 2002 01:00:00 +0000 Charcol offers 4.85% fixed-rate ethical loan <p><!--summary start--> Charcol, the independent mortgage and financial adviser, is offering borrowers interested in taking ... <!--summary end--></p> https://www.professionaladviser.com/news/1315391/charcol-offers-85-fixed-rate-ethical-loan https://www.professionaladviser.com/news/1315391/charcol-offers-85-fixed-rate-ethical-loan Tue, 7 May 2002 01:00:00 +0000 Charcol signs discounts on two and five-year deals <p><!--summary start--> Charcol is offering homeowners two discounted remortgage deals which includes one product open to se... <!--summary end--></p> https://www.professionaladviser.com/news/1322408/charcol-signs-discounts-deals https://www.professionaladviser.com/news/1322408/charcol-signs-discounts-deals Thu, 7 Feb 2002 00:00:00 +0000 Lenders snub Cat mark <p><!--summary start--> Few lenders have brought Cat-standard mortgages onto the market, despite the Government heralding th... <!--summary end--></p> https://www.professionaladviser.com/news/1314297/lenders-snub-cat-mark https://www.professionaladviser.com/news/1314297/lenders-snub-cat-mark Thu, 20 Dec 2001 00:00:00 +0000 Charcol to help those with adverse credit <p><!--summary start--> A history of CCJs, arrears and bankruptcy is no longer a barrier to gaining a home loan from Charcol... <!--summary end--></p> https://www.professionaladviser.com/news/1301507/charcol-help-adverse-credit https://www.professionaladviser.com/news/1301507/charcol-help-adverse-credit Tue, 5 Jun 2001 01:00:00 +0000