News

The Association of Mortgage Intermediaries (AMI) has slammed HSBC for abusing its position and attempting to steal business from other banks by forcing homebuyers to consider its own mortgages.

Annuity rates could be about to fall on the back of currency concerns, after several months of stability, according to Alexander Forbes.

Aviva Investors has launched its fourth structured product linked to the FTSE 100 index.

Nationwide will no longer assess a borrower's affordability based on its income multiplier from tomorrow.

Direxion has released three-times leveraged short-term Treasury funds to its line up of ETFs on NYSE Arca in the US.

The FSA has fined the director of a Gloucestershire-based IFA network £49,000 for putting customers at risk of poor pension switching advice during the business's rapid expansion.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

Santander has cut the rates on its 80% LTV mortgages by 0.74%.

Investors can now check the performance of their portfolios anywhere in the world and at any time with the launch of a new service from MBA.

Financials rose this morning, but could not prevent the FTSE falling 0.2%, or 8.8 points to 5475.28.