The Government has today launched a consultation on the macro-prudential powers that could be given to the Bank of England’s Financial Policy Committee, including the power to cap mortgage loan to values. In its paper, The Financial Services Bill: the Financial Policy Committee’s macro-prudential tools, the Treasury is consulting on which tools the FPC should […]
The UK consumer prices index has fallen to 2.5 per cent per cent in August, according to the Office for National Statistics. The consumer prices index fell by 0.1 per cent from 2.6 per cent in July, while the retail prices index dropped to 2.9 per cent in August, a fall of 0.3 per cent […]
Redrow property developers says the Government’s NewBuy scheme is being undermined by higher rates from lenders. In the group’s latest financial results, criticism is levelled against lenders for failing to bring down higher LTV rates to reflect the risk profile of the NewBuy scheme. The report says: “The initiative has been strongly welcomed by the […]
Lending for the secured loan market increased by nearly 50 per cent in August compared with the same period in 2011. Figures from Loans Warehouse show that second charge lending increased from £24m in August 2011 to £34.6m in August 2012, representing the largest annual growth rate in over three years. Loans Warehouse joint director […]
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.
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