Snap Shot Headlines 7th May

Snap Shot News Headlines “Advisers seek end to ‘galling’ FSCS levy hikes” The Financial Services Compensation Scheme has announced a shock increase to the levy required of Pensions Advisers. Originally expected to be £57m, it has now risen to £100m. The Life and Pensions advisers have attacked these increase charges amid concerns that firms could be forced out of business. A further concern is that the increase hike designed…

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The Week in Numbers

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…

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