AGP Executive Report
Last update: 12 hours agoUK Macro & Rates: S&P Global’s UK services PMI edged down to 52.1 in September, but the bigger story was cost pressure: fuel-driven input inflation hit a three-month high and firms raised prices at the fastest pace since May, while employment fell for the 24th month running. Household Finance: A blow for borrowers as five-year fixed mortgages hit 6% for the first time in over three years, while the DWP urged pensioners to check Pension Credit eligibility ahead of a week of action. Regulated Finance: The FCA’s motor finance redress scheme faces a two-day Upper Tribunal case management hearing, with motorists waiting for clarity on next steps and timing. Fintech & Banking Tech: Barclays is expanding its use of Anthropic’s Claude across software development and banking operations, aiming for wider adoption by end-2026. Market/Investment Infrastructure: Iress has integrated its mortgage and protection sourcing data into Access FS Elev8, pushing adviser sourcing into existing workflows. Institutional Expansion: South Street Securities Holdings expanded in the UK via an FCA-authorised MiFID subsidiary, South Street Global Ltd.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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