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1 week ago | 
moneymarketing.co.uk | Chet Velani |Dan Cooper |Lyndon White
When we talk about improving financial resilience in the UK, the focus is often on solving the advice gap and making regulated financial advice more accessible. The Financial Conduct Authority’s advice guidance boundary review aims to address this, including the proposed introduction of targeted support, which would fill the gap between regulated advice and generic guidance. Currently, there’s a regulatory grey area here, and many providers are wary of overstepping the line.
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3 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Lyndon White
The Chartered Insurance Institute (CII) has said institutions and individuals must be held accountable for decisions made using artificial intelligence (AI). The CII made the call recently in recommendations submitted to the Treasury Select Committee (TSC). It said institutions should be held responsible for decisions made by the algorithms that they use, “even if it is not feasible to explain in detail how the algorithms produce their results”.
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3 weeks ago | 
mortgagestrategy.co.uk | Becky Bellamy |Lyndon White
Nationwide will reduce rates by up to 0.25% on its first-time buyer and home mover ranges, with the lowest rate now under 4%. The rate, effective tomorrow, is available on both the two-year and five-year fixed rate products. For existing and new customers moving home, the lender has lowered selected two-, three-, and five-year fixed rate products up to 95% loan-to-value (LTV).
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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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2 months 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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Feb 14, 2025 | 
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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Feb 13, 2025 | 
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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Jan 29, 2025 | 
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.
