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6 days ago | 
mortgagestrategy.co.uk | Caitlin Jordan |Kimberley Dondo
This week’s top stories: Santander introduces 50 new mortgage products and FCA launches consultation to make mortgages ‘easier, faster and cheaper’.
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1 week ago | 
moneymarketing.co.uk | Momodou Musa Touray |Caitlin Jordan
The Financial Ombudsman Service (FOS) received more than 140,000 complaints in the second half of 2024. This marks a 49% increase year-on-year, with disputes related to banking, credit affordability and motor finance commissions driving the rise. Newly published data shows the FOS handled 141,846 complaints between July and December 2024, up from 95,349 in the same period in 2023.
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1 week ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Caitlin Jordan
A new report has revealed that millions of people in the UK are reaching retirement age with a private annual pension of just £3,650. The 2025 Underpensioned Report, published by now:pensions in partnership with the Pensions Policy Institute (PPI), shows almost nine million people in the UK remain significantly underpensioned compared to the broader population. These underpensioned groups have annual private pension incomes ranging from £3,650 to £6,750.
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2 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Caitlin Jordan
New research from PensionBee’s has laid bare the shocking inefficiencies and delays still plaguing pension transfers. The study reveals a stark picture of a system buckling under outdated processes, inconsistent standards, exploitation and lack of regulatory enforcement. In the most extreme case, one saver had been waiting more than 1,000 days to switch their pensions.
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2 weeks ago | 
moneymarketing.co.uk | Tom Browne |Caitlin Jordan |Momodou Musa Touray |Salome Asabre
Good morning and welcome to your Morning Briefing for Tuesday 29 April 2025. To get this in your inbox every morning click here. L&G enhances CIC and IP but drops fracture coverLegal & General Retail Protection has announced enhancements to its critical illness and income protection offerings, but confirmed it will no longer offer fracture cover to new or renewing customers.
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2 weeks ago | 
mortgagestrategy.co.uk | Caitlin Jordan |Kimberley Dondo
This week’s top stories: Halifax cuts rates, including 2-year fix at sub-4% and Renters’ Rights Bill begins Lord’s committee stage. Explore these developments and more:Halifax cuts rates, including 2-year fix at sub-4%Halifax has reduced rates on a range of homebuyer and remortgage products, including a sub-4% two-year fixed deal. Its two-year fixed rate at up to 60% loan-to-value (LTV) with a £999 fee now starts at 3.94%, down by 0.12%.
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2 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Caitlin Jordan
Plans by the government to consolidate 13 million small pension pots worth £1,000 or less could be a “gamechanger” according to industry experts. The news, announced yesterday (24 April), has been largely welcomed, with those campaigning for it describing it as a “significant and welcome step forward”. AJ Bell head of public policy, Rachel Vahey, said: “Automatic enrolment is one of the big public policy success stories of our time. But it’s not without its flaws.
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2 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Caitlin Jordan
Good morning and welcome to your Morning Briefing for Friday 25 April 2025. To get this in your inbox every morning click here. Utmost Group wealth business surpasses £100bn in AUAUtmost Group has reported a strong financial year across the business with its wealth solutions arms surpassing £100bn in Assets under Administration (AUA). Utmost Wealth Solutions also achieved strong inflows of £3.9bn in 2024, an 8% increase on the previous year.
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3 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Kimberley Dondo |Caitlin Jordan
Good morning and welcome to your Morning Briefing for Wednesday 23 April 2025. To get this in your inbox every morning click here. Another record year for IHT receiptsThe Treasury collected £8.2bn in inheritance tax (IHT) receipts from April 2024 to March 2025 – £800m higher than the same period last year. And experts have said this figure is only going to increase in future years due to frozen nil-rate bands and pensions being brought into IHT from April 2027.
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1 month ago | 
moneymarketing.co.uk | Dan Cooper |Caitlin Jordan |Kimberley Dondo
Good morning and welcome to your Morning Briefing for Monday 14 April 2025. To get this in your inbox every morning click here. AAB Wealth enters London marketAAB Wealth, the chartered financial planning arm of professional services firm AAB, has announced the acquisition of London-based Magus Wealth. This increases its assets under advice (AuA) to £1.8bn.
