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Advisers look to equity release

Almost a quarter of advisers expect equity release products such as lifetime mortgages to be a key growth area over the next five years, says Prudential. Its annual survey also reveals that for over 50% of advisers, retirement planning is top of their clients’ most pressing financial concerns.

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Learning curve

A European directive could sweep away the requirement for mortgage advisers to be qualified and this worries many in the industry, says Clare Bettelley

Intermediaries pessimistic about green plans

A survey, by UCB Home Loan shows that 67% of intermediaries believe that the UK will not be able to achieve its target of making all new homes carbon neutral within the next 10 years.Less than thirty homes in the UK are currently carbon neutral, but the government wants all new properties to fall into […]

Skipton launches capped trackers

Skipton has launched two capped tracker mortgages. The three and five year base rate tracker capped mortgages are both capped at 5.99% – meaning the maximum monthly payment a borrower would make during the capped period on a £100,000 repayment mortgage over a 25 year term would be £643. Colin Dale, head of lending at […]

Diversification drives bank profits, says KPMG

Profit growth in wholesale, wealth management, investment banking and international banking markets have been key factors in the growth of UK banks, KPMGs UK financial institutions performance survey reveals.The survey compares the annual results of HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays. Pre-tax profits increased by 20.3% year-on-year ending December 2006 at 26,276m.Profits […]

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