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1 month ago | 
mortgagestrategy.co.uk | David Burrows |Becky Bellamy |Lyndon White
Offa, the Islamic property finance fintech, has appointed Naseer Ahmed as managing director of bridging & development finance. Ahmed brings more than 20 years of experience within the banking and finance industry including key roles in bridge and development financing. In his new role at Offa, he will focus on helping clients and brokers to achieve their funding requirements without compromising their faith or ethical beliefs.
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1 month ago | 
moneymarketing.co.uk | Dan Cooper |Chris Jones |Claire Trott |Lyndon White
Abrdn has announced it is changing its name back to Aberdeen to “remove distractions”. The asset manager has put the vowels back in after its controversial – and much mocked – rebrand in 2021. The news was revealed in the firm’s annual results, published this morning (4 March). “We will deliver by looking forward with confidence and removing distractions’,” CEO Jason Windsor said. “To that end, we are changing our name to Aberdeen group plc.
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2 months ago | 
mortgagestrategy.co.uk | Roger Baird |David Burrows |Lyndon White
The cost of living is forecast to rise to between 2.8% and 2.9% when official data is released next week, driven by higher energy costs and tariff threats from US President Donald Trump. Inflation is set to lift from 2.5% when the Office for National Statistics publishes its January reading on Wednesday, as the UK economy reacts to domestic price and wage pressures as well as a more uncertain international trading environment.
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2 months ago | 
moneymarketing.co.uk | Tom Selby |Mel Kenny |Momodou Musa Touray |Lyndon White
The pile-up of consultations from the regulator, government and government-linked committees has become something of a pre-Christmas tradition in UK financial services, as policymakers rush to get key reforms off their desk before collapsing into the festive period. That leaves the industry dealing with a New Year hangover of epic proportions as deadlines come thick and fast in January, February and March.
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2 months ago | 
mortgagestrategy.co.uk | David Burrows |Roger Baird |Lyndon White
In a wide-ranging speech to business leaders explaining how the government plans to generate growth, Chancellor Rachel Reeve’s outlined a number of essential building programmes. In her speech Reeves highlighted the slow planning system in the UK. She promised government guidance on building major projects would be reviewed in order to support investments outside of the wealthy south-east of England.
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Jan 7, 2025 | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Lyndon White
Schroders has appointed Philip Chandler as chief investment officer (CIO) of Schroder Investment Solutions (SIS). SIS is a series of actively-managed Model Portfolios and Multi-Asset funds established by Schroders in 2021. SIS assets under management (AUM) surpasses £6.3bn. Chandler joined Schroders in 2003 and will maintain his current position as head of UK Multi-Asset while also stepping into the role of CIO.
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Nov 29, 2024 | 
mortgagestrategy.co.uk | David Burrows |Lyndon White
Hinckley & Rugby Building Society (HRBS) has announced the appointment of Nina Andrew and Lauren Baylis as the newest additions to its Intermediary team, joining as telephone business development managers (BDMs). Andrew joins HRBS having held roles such as protection specialist and business support manager at the Mortgage Advice Bureau. She has over a decade of experience in client relations and account management.
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Nov 25, 2024 | 
mortgagestrategy.co.uk | David Burrows |Lyndon White
Atom Bank has enjoyed its strongest ever quarter for commercial mortgage lending. In the three months to October, Atom received a record number of applications for commercial mortgages, up by 43% on the level of applications received in the same period of 2023. The bank also set a new record for the value of offers provided over the three months, beating the previous record which had just been set in the preceding quarter. The level of offers was up by 142% compared with the same period last year.
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Nov 19, 2024 | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Lyndon White
Aviva has announced plans to launch a new Shariah lifestyle investment strategy which will include a suite of funds compliant with Islamic principles. This, it said, offers its workplace pension members with a universal de-risking option and a target drawdown glidepath. Aviva said the lifestyle investment strategy will enhance its existing Shariah offering. It also mirrors Aviva’s My Future and My Future Focus strategies to create consistency across its investment proposition.
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Nov 19, 2024 | 
mortgagestrategy.co.uk | David Burrows |Becky Bellamy |Lyndon White
Landlords are taking advantage of lower borrowing costs and improved market performance in key areas such as heavy industry, prompting a rise in commercial property investments. This is according to the latest research from Shawbrook which reveals a 102% year-on-year increase in the proportion of lending allocated specifically to commercial property purchases from 2023 to 2024.
