The Week in Numbers 12% – Drop in mortgage lending reported by Santander in its Q1 results 0.3% – GDP growth in the UK in Q1 2015, according to the ONS £100m – FSCS levy for life and pensions advisers in 2015/16, up from £24m in 2014/15 £80m – value of 40% stake in a property joint venture sold by Henderson to TIAA-CREF £85m – Estimated market capitalisation of…
The Week in Numbers – 23/04 £35m – Customer redress hit taken by Wonga in 2014 following an intervention by the FCA. The payday lender made a pre-tax loss of £37.3m during the year. 56% – the drop in pre-tax profits at Towry during 2014, from £9.8m to £4.3m year on year £4bn – value of Lloyds shares that would be sold to the public under Conservative plans outlined by…
“Just Retirement Offers Simplified Advice Service” aiming to provide a service for individuals who need advice on their retirement planning but have smaller pension pots. They will provide a telephone based advisory service which will include offering clients personal recommendations such as whether to keep their funds invested, take a lump sum or generate an income. According to Just Retirement Director, Stephen Lowe, the service is aimed individuals with…
