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Date Subject View
20 August 2014 Increased cover limits from 3XD! View email
19 August 2014 IFA jailed for 5 years / Networks - Who will jump ship first? / New CCL? View email
19 August 2014 One Size Fits All? View email
18 August 2014 Introducer payments / Networks / Unpaid drone for the FCA? / PPI complaint View email
16 August 2014 Who is saying what about lenders and providers? / What have you missed? / Natwest panel removals / Lenders visits / Jobs / PPI complaint client returning View email
15 August 2014 Don't you just LOVE the Woolwich?" / "Mtg brokerage 13yr ban / Interest only mtg complaint / He earns £40Kpa from BNI?! / Lender's 'Interrogatory attitude' / Jobs galore View email
14 August 2014 Financial Ltd / Ditched by Nationwide then Santander then LB Group / Banks spinning a line / PPI complaint client returning / "Have Santander gone nuts?" View email

Latest news stories

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Mainly mortgage news…

Growth spurt for bridging industry


Growth in annual gross lending now stands at 24%, over the twelve months ending 1st July 2014, research from West One Loans reveals.

Swansea most affordable for second steppers


Swansea is the most affordable place in the UK for second stepper couples looking to buy their first family home, with the average price of a house only 9.6% more than the average price of a flat, research by reveals.

Borro chief promises fully compliant ads


Borro chief executive and founder Paul Aitken has vowed to ensure all of the firms’ future marketing and communications are fully compliant after the firm had one of its TV ads branded “frivolous” and banned by the Advertising Standards Agency.

Borro censured for ‘irresponsible' advert


Following three viewer complaints, the Advertising Standards Authority said online pawnbroker Borro was encouraging ‘frivolous spending of borrowed money' when a couple in an advert discussed spending cash on a Caribbean holiday.

Should ARs always be punished for the sins of their network? Marketwatch


Following the Financial Conduct Authority's decision to ban IFA network Financial Limited from recruiting any more advisers due to supervision failings, NatWest stopped accepting business from all network brokers.

Mainly IFA news…

Phoenix forecasts £57m hit on profits as gov't pension plans bite


Phoenix has forecasted a £57m drop in future profits due to the Budget and charge cap plans.

FCA examines adviser charging on bonds


The FCA is reviewing a form of adviser charging on investment bonds.

DWP under fire over 'ill-judged' Scottish independence memo


The DWP has been criticised for its ‘ill-judged’ referendum letter to staff.

US markets edge higher despite hawkish Fed minutes


US markets continued to edge higher on Wednesday, despite the Federal Reserve's latest minutes suggesting an interest rate hike may come sooner than expected.

Phoenix Group profits up to £266m after Ignis sale


Operating profits at Phoenix Group increased to £266m in the first half of the year compared to £186m for the same period in 2013, latest results show.

Mainly insurance news…

Ecclesiastical delivers first underwriting profit for five years


Insurer delivers improved COR but profit dips with lower investment returns.

Bridge launches bespoke global division


Broker to offer service to clients trading in hostile environments.

Cobra boss launches reputation risk firm


RRSL enters insurance sector as Cobra appointed representative.

Towergate shake up puts 80 roles in East Anglia at risk


Report reveals sites in Norwich and Lowestoft to be merged.

Gallagher expands in Wales


Broker has created 35 jobs as it targets 110 new posts in Wales.

Mainly international news…

Schroder unveils global asset allocation fund


Schroder Investment Management (Hong Kong) has unveiled an asset allocation fund that follows an unconstrained equity investment strategy.

Three UK equity fund newcomers to look out for


Head of investment research at Morningstar OBSR, Ruli Viljoen, picks his top three newcomers into the UK equity fund space.

Pimco bolsters equity teams in London and US


The asset manager is growing its equity teams and strengthening its trading platforms.

Standard Chartered fined $300m for money laundering failures


Standard Chartered faces a further $300m fine and additional repercussions over its continuing failure to comply with anti-money laundering measures.

FPI launches website aimed at non-resident Indians


Friends Provident International has launched a new website with a section dedicated to non-resident Indians.

Welcome to cherry

Welcome to the largest ever community of IFAs, mortgage and insurance advisers.

As many of you will already know, cherry membership now  exceeds 20,000 and each adviser can visit cherry whenever they wish, every  day of the year. Needless to say, this is MASSIVE!!   Our site traffic and newsletter readership is immense and it means that,  for the first time ever, the adviser  community has a REAL voice.  We therefore  urge you all to join - and to encourage  others to do so as well - so that the strength of this 'One Voice' can continue  to grow. Cherry  Register here

Registering with cherry is fast, easy  and free.

To thrive, cherry relies on its  ability to generate sufficient supporting income. One key source is advertising  revenue derived from companies wishing to promote their products and services  to the adviser community. Because the  community is now so substantial, cherry advertising opportunities have become  very attractive.

cherry is proud to be an  entirely independent company and we always  retain our objectivity and impartiality by ensuring we never accept funding from providers or  companies who would expect favours in return.

We are also particularly proud of our consumer facing service and we promise to do our best to ensure that the financial advisers and mortgage advisers listed on the cherryfind site are those who  adhere to the highest standards of business ethics - those who aim to provide impartial financial and mortgage advice which is WHOLLY focused on their customers' needs.