Companies

The FSA today confirmed the merger between the Yorkshire Building Society and its smaller rival Norwich & Peterborough(N&P) which will complete on 1 November.

Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications.

Nationwide Building Society has announced it is to restrict the maximum LTV of its interest-only mortgages to 75%.

Skandia has appointed Andy Davies as director of adviser sales and Steve Powell as director of corporate partners.

The Financial Services Authority (FSA) may have deliberately misled the committee over Icelandic banks, MPs have claimed, The Telegraph reports.

The protection limit for savers is set to be raised to £50,000 under proposals due to be announced by the Government today, The Telegraph reports.

Dear Mr Sants, I am writing to you on behalf of the huge number of IFAonline.co.uk readers who believe the FSA's response to the issue of dual-pricing has been insufficient and are calling for urgent further action.

The Mortgage Business (TMB) has appointed Caroline Carroll as business development manager it was announced today.

When finding deals for first time buyers, it is as important for brokers to use their brains and experience as it is to consult a sourcing system, according to Ray Boulger.

The FSA's report into the sub-prime mortgage market, which resulted in the regulator taking action against five intermediary firms for ‘weaknesses' in their advice procedures, has been largely welcomed by the mortgage industry.