FCA has outlined a ban on contingent charging for pension transfer advice as part of a new package of proposals. The regulator says the ban will help to "protect customers from the conflicts of interest which arise where a financial adviser only gets paid if a transfer goes
Britain is scheduled to leave the European Union in 100 days. Boris Johnson says he will meet the Oct. 31 deadline even if that means exiting without an agreement. And your mortgage deal is about to expire, meaning I have to renegotiate.
A government plan to ban no-fault evictions in England will backfire, landlords say, as lower-income tenants will find it harder to rent homes. Proposals to scrap section 21 notices would mean landlords could no longer evict tenants without a reason after their fixed-term tenancy period ended.
The U.K. housing market saw an increase in new buyers for the first time since November 2016 last month, the Royal Institution of Chartered Surveyors. There are several signs that the housing market is starting to stabilize. Sales and new instructions started to pick up for the first time this year in June. A gauge of prices indicated stagnation after four months of declines. U.K. home values have been suffering since the Brexit referendum in 2016, with London being hit particularly hard. Still, low interest rates, record employment and a shortage of homes for sale have put a floor under prices and prevented a sharp downturn. Sales are expected to increase over the next 12 months, but the looming possibility of a no-deal Brexit is preventing realtors from becoming too optimistic.
Fund manager Neil Woodford will keep his flagship £3.7bn fund frozen for at least another month, leaving thousands of investors without access to their money. Mr Woodford, one of Britain's best known money managers, released a video - the second since the Woodford Equity Income Fund was suspended on 3 June - in which he said there was "no prescribed time limit" on how long it could cease trading for.