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Viewing entries posted in June 2018

House price growth softens to 2%

Posted by MMB Finance Swindon and Gloucester on 28 June 2018

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The latest data and analysis from Nationwide has revealed that UK annual house price growth slowed to its slowest pace in five years during June- a 0.4% dip against the previous month. According to the figures, the capital was the weakest performing region in Q2, with prices down 1.9% year-on-year. The data revealed that most regions saw a slowing in the annual rate of house price growth in the second quarter. The only region to see a notable pickup was Scotland, where price growth accelerated to 3.1%. Northern Ireland recorded annual price growth of 2.1%, similar to the UK average, after posting an unusually strong growth rate in the first quarter (7.9%). Wales also saw a softening in price growth to 4% (from 6.1% in Q1). The East Midlands was the region that saw the strongest pace of growth in Q2, with prices up 4.4% year-on-year, just nudging ahead of the West Midlands at 4.3%.

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Auto enrolment 'not the answer' to self-employed pensions crisis

Posted by MMB Finance Swindon and Gloucester on 26 June 2018

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Automatic enrolment will not diffuse the ‘ticking time bomb’ that is the self-employed pensions crisis, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) has found. The report – titled ‘How to solve the self-employed pensions crisis’ – found that less than a third (31%) of the UK’s 4.8 million self-employed population are paying into a pension, while 67% are concerned about saving for later life.

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Housebuilders: How are they performing and why should we care?

Posted by MMB Finance Swindon and Gloucester on 25 June 2018

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It can sometimes be easy to miss socio-economic factors which may not have an immediate effect on your business but can have a huge bearing on the future of the mortgage market as a whole. Within the mortgage market we are often consumed with products, pricing, competition, service and tech advances – all of which are massively important in our day-to-day working lives. Although when taking a step back, these would all amount to far less if housing stock was to significantly dwindle. So, let’s spare a moment to consider the housebuilders and developers, and how the current market is affecting them. As, in time, this will have a knock-on effect on us all.

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Bank of England votes 6-3 to hold interest rates

Posted by MMB Finance Swindon and Gloucester on 21 June 2018

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The Bank of England's Monetary Policy Committee has voted by a majority of 6-3 to maintain Bank Rate at 0.5%. Andy Haldane joined Michael Saunders and the hawkish outgoing-MPC member Ian McCafferty in calling for an immediate rate rise. In the minutes from the MPC's latest meeting, members agreed that the dip in output growth in the first quarter was temporary, with momentum recovering in the second quarter.

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Where does England finish in the Pensions World Cup?

Posted by MMB Finance Swindon and Gloucester on 18 June 2018

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Out of the 32 countries taking part in this year’s World Cup, Australians are the most adequately prepared for retirement. The research ranked the pension systems of the 32 countries against 10 categories, including employee and employer contribution rates, the proportion of over 65s receiving a pension, population growth statistics, and international economic competitiveness. According to the index, Australia has the best system with England coming third behind second-placed Denmark.

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