Latest news from Financial Reporter | Financial Reporter
5 days ago · 1 in 8 IFAs anticipate business downturn over the coming year. 38% expect a downturn in the broader economy and more than 1 in 6 foresee looming financial difficulty for their clients. 8th ...
Economists split on tomorrow's interest rate decision as inflation ...
Sep 18, 2024 · UK inflation was unchanged at 2.2% in August, in line with market expectations but below the Bank of England's forecast of 2.4%, leaving industry experts divided on the future path of Bank Rate.
Bank of England reduces interest rates to 4.75%
6 days ago · The Bank of England's Monetary Policy Committee has voted 8–1 to reduce Bank Rate from 5% to 4.75%. One member preferred to maintain Bank Rate at 5%. The MPC last reduced interest rates from 5. ...
FCA data reveals surge in pension access without advice
Sep 26, 2024 · The latest FCA retirement income data for 2023/24 reveals a significant shift in pension access and withdrawals, which reflects "ongoing economic pressures and evolving strategies within ...
Below-expected inflation paves the way for two interest rate cuts …
Oct 16, 2024 · CPI inflation has fallen from 2.2% in August to 1.7% in September, below the Bank of England's 2% target and below economists' forecasts of 1.9%.
FCA Consumer Duty: A work in progress | Financial Reporter
Oct 9, 2024 · The Financial Conduct Authority’s (FCA’s) Consumer Duty officially came into action over a year ago, with an implementation deadline of 31st July 2023 for all new and existing products and ...
Misconduct allegations at financial services firms up by 72%: FCA
Oct 25, 2024 · A new survey of over 1,000 firms by the FCA has found that the number of non-financial misconduct allegations reported has increased by 72% between 2021 and 2023. Allegations have increased from ...
Budget 2024: What to expect - insights from home moving experts
Oct 29, 2024 · Currently, first-time buyers are exempt from stamp duty on properties priced up to £425,000, a threshold that was temporarily increased from £300,000 in the 2022 mini-budget. However, this is ...
FCA launches insurance market review amid concerns about rising …
Oct 16, 2024 · Premium finance allows people to pay for insurance in instalments. With the average yearly rate on the amount of money borrowed ranging between 20 to 30%, the FCA is concerned that premium finance ...
60% of brokers predict the Budget will negatively impact the …
Oct 28, 2024 · Brokers in the North were the least pessimistic about the impact of the Budget on the housing market with 52% expecting a negative impact on the market compared to 64% in the other two regions ...