News

The outlook for mortgage lending is likely to stay subdued, according to Council of Mortgage Lender chairman Matthew Wyles speaking at the trade body's conference today.

Hargreaves Lansdown has questioned whether cuts to fund charges post RDR will be as widespread as the FSA forecast in its recent Platform Consultation paper, as providers struggle to cope with IFA exits from the market.

The FTSE took its early lead from strong gains in Asia rather than muted US markets, up by 0.5% to 5,723.51.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.

A team of EU and IMF inspectors will arrive in Ireland today to take a closer look at the nation's banking system and prepare for a possible €80bn bailout.

Esposito Securities has expanded its ETF seeding activity, it announced yesterday.

The FSCS has denied claims Lifemark investors will forfeit their rights to compensation if they reject a planned rescue deal for the fund.

Almost 30% of people who have cancelled or are considering cancelling their payment protection insurance would consider buying a replacement policy, research by Capita has revealed.

Concerns over the conduct of health insurers are to be reported to the FSA by Lord Sassoon, the Commercial Secretary to the Treasury.

NEST's reliance on gilts to provide steady growth in its default fund will leave many of the most vulnerable savers with the lowest income exposed to inflation, No Monkey Business (NMB) warns.