Money Marketing
20 March 2002

600 fund prices now on C4 Teletext

21 Mar 2002

Teletext is introducing a fund price service on its financial pages on Channel 4. The service will provide pricing information for more than 600 of the most popular unit trusts and Oeics. The information will be updated each weekday eve-ning. Teletext already provides share and investment trust price listings on page 500 of the channel. The fund price listings can be found on Channel 4, pages 542-546. The section is claimed to get an audience of 4.8 million a week, and is also ...

Another £10m for SEI Dublin operation

21 Mar 2002

Scottish Equitable Internat-ional has committed a further £10m for development of its Dublin operation. The extra funds underline SEI's intention to become a top-three player in the UK offshore market over the next few years. The move comes as SEI pulls its marketing efforts from the Italian market after recent changes in the Italian tax system abolished inheritance tax, denting SEI's business proposition. The group says that while it will maintain its Milan office ...

Assign of the times

21 Mar 2002

Before turning my attention to the interesting issue of VAT, fees and commission, I thought you had earned a little time off from CP121-related issues so here is your reward. For this, you have got my colleague, David Redfern, to thank. From time to time, over the years, we have been asked questions connected with the taxation and National Insurance implications of companies either effecting policies for the benefit of their employees or assigning policies to their employees or directors. Some .

Baring appoints energy analyst

25 Mar 2002

Baring Asset Management is appointing Peter Lynch as energy and utility analyst in the UK and European investment team. He will also work in the global sector team for resources and utilities.

Bills top money worries

21 Mar 2002

Healthcare and education are two of the biggest financial worries for the future, according to research by Marks & Spencer Financial Services. Overall, one in five people say funding for healthcare is their biggest concern while 16 per cent worry about the cost of their children's education. For people in their 40s and 50s, concerns about the cost of healthcare increase, with 37 per cent saying it is their main worry. But only 7 per cent of those in their 20s expect healthcare ...

Brazil boost as Ronaldo gets call-up

21 Mar 2002

As squads begin to shape up for the summer's World Cup, we are beginning to get an idea of which teams are settled and which teams might find the right personnel in time for a successful tournament. Ronaldo has been confirmed in Brazil's squad for the friendly against Yugo-slavia, which could prove hugely beneficial for the Brazilians. There is also considerable significance in the apparent return to fitness of the young German midfield star Sebastian Deisler. Hailed as the ...

Brown rules out PMI tax cuts

20 Mar 2002

Chancellor Gordon Brown has ruled out using tax breaks to incentivise people to take out private medical insurance.Speaking to the BBC's Today Programme this morning, Brown reaffirmed the Government's position towards the role of the private sector in improving the provision of healthcare. He said raising taxes to further fund the NHS was the answer not giving tax breaks to the rich. 

Capital reward for Standard Life Bank mortgage holders

26 Mar 2002

Standard Life Bank is offering a standard variable rate of 5 per cent on its Capital Reward mortgage product.

Chase de Vere 'one of top employers'

26 Mar 2002

IFA Chase de Vere is one of the top 30 firms in the UK to work for according to a survey revealing the UK's 100 best employers conducted by the Sunday Times published this week.

CIS stakeholder will benefit ChildLine

20 Mar 2002

CIS has launched a joint marketing initiative with the charity ChildLine which will allow CIS to offer a dual branded stakeholder product through the organisation, and allow ChildLine to promote the plan in conjunction with its corporate fund raising activities. CIS will reward the charity for each stakeholder introduced and is currently in talks with other major charities to discuss similar joint ventures. 

Complainants welcome here

21 Mar 2002

The FSA recently surveyed a number of consumers and found that 11 per cent had made a recent complaint to their financial services provider. This figure may be surprisingly low when one considers all the recent upheaval and catastrophes in the life and pensions industry. However, the worry is that this proportion of the survey only represents a third of people who actually had a grievance. It is staggering that there are so many consumers who cannot be bothered to complain. This apathy ...

Corporate in the UK

21 Mar 2002

Cazenove Investment Fund Management has made its UK corporate bond fund available to the IFA market for the first time. The UK corporate bond fund aims for a high level of income and capital growth by investing mainly in investment-grade corporate bonds within the UK, although it has the discretion to invest elsewhere. The fund also has the ability to invest up to 30 per cent in gilts. Michel Gonnard, who heads up Cazenove's fixed-interest team, runs the fund. With the UK corporate ...

Credit Agricole Asset Management - CA Funds Europe Equity Research

26 Mar 2002

Tuesday, 26 March 2002Type: SicavAim: Income and growth by investing in up to 70 European stocksMinimum investment: £0.01Place of registration: LuxemburgInvestment split: 100% in up to 70 European stocksIsa link: YesCharges: Initial up to 4.5%, annual 1.6%Commission: Initial up to 4.5%, renewal 0.5%Tel: 020 7303 8042

Davies staying on to finish off job at the FSA

21 Mar 2002

IFAs believe that Howard Davies' contract as chairman and chief executive of the FSA has been extended by 18 months because of his close personal involvement with ongoing reviews such as polarisation and Equitable Life. They say there are too many unresolved matters which Davies has linked himself to, including the regulator's role in the Equitable Life debacle and its attempts to reform polarisation, for him to leave in July at the expiration of his original five-year term. The ...

Difficult, says Darling

21 Mar 2002

Selling pensions is very difficult at the moment due to the complexities in the marketplace, Secretary of State for Work and Pensions Alistair Darling told a Parliamentary committee last week. Testifying before the Work and Pensions select committee, Darling conceded the level of regulation and complexity make it difficult to sell a pension to anyone who is not well informed about the industry. He claimed it was in the best interests of lower earners to review their pensions. He ...

Don't let pension fund go up in smoke, says Lincoln

21 Mar 2002

Lincoln Financial is encouraging people to give up smoking in favour of contributing to a pension. It says giving up smoking is not only good for your health but the money saved can be good for financial well-being. Lincoln says a pack of cigarettes costs around £4.40 and could go up in the next Budget. It claims a female aged 20 giving up a 20-a-day habit can retire aged 65 on a pension fund of more than £1m if the money is diverted into a personal pension. This ...

Estate agent franchise

21 Mar 2002

Global estate agency ERA is launching a recruitment drive for IFAs, mortgage brokers and other intermediaries in a bid to create a 500-strong UK franchise operation. With 3,000 offices in 26 countries, it is encouraging small traders to join its franchise, allowing them to keep their independence and brand and use ERA's services to grow an estate agency business. ERA wants financial advisers, brokers, solicitors and accountants interested in estate agency ownership to contact ...

Exchange adopts Marlborough logo

20 Mar 2002

The Exchange is adopting the Marlborough Stirling brand logo but will keep its name for the business operating in the IFA market. The Exchange is also launching its Officeweb back office software system this week. 

Five years of New Labour

21 Mar 2002

Since coming to power in 1997, one of Labour's main initiatives for the financial services industry has been to establish a central regulator to sweep away the sprawling mass of individual professional bodies. The creation of the FSA was intended to maintain market confidence, promote public understanding of the financial system, protect consumers and fight financial crime. Since inception, the FSA has had to work hard to absorb the previous regulatory structures and to establish ...

Gartmore appoints UK smaller companies fund manager

22 Mar 2002

Gartmore is appointing Rob Giles as senior UK smaller companies investment manager, reporting to team head Gervais Williams.Giles was previously at Singer and Friedlander from 1995, where he focused on the small and mid-cap sectors of the UK stock market.Williams says: "Rob brings a breadth of experience to Gartmore that will complement the team."

GMAC-RFC sub-prime business quadruples to £1.8bn

21 Mar 2002

GMAC-RFC claims it is the leading lender in the sub-prime sector after reporting a surge in new business last year, with lending up to £1.8bn from £660m in 2000. Over the past two years, GMAC-RFC says it has quadrupled its lending figures and is now recognised as a major lender in the mainstream market as well as in more specialist areas. It says it has strengthened its position in the UK mortgage-backed securities market and has securitised over £2bn of mortgage ...

How Whitechurch securities constructs the pension tables

21 Mar 2002

When we set out to analyse personal pension providers and their funds, we majored on the factors on which we would place the greatest emphasis when choosing companies that we would be happy to put forward to our own clients. Clearly, there are other ways of analysing things and different criteria would probably produce different results but we feel we have come up with a useful system. The Whitechurch basic score takes into account charges, (including policy fees, initial charges ...

Iain Lumsden

21 Mar 2002

Lives: Edinburgh Born: June 6, 1946. Age: 55. Education and qualifications: Degree in mathematics, Exeter College, Oxford. Career to date: Standard actuarial student 1967-71, assistant actuary 1971-1976, organisation and methods manager 1976-1981, joint actuary 1981-1984, general manger (actuarial) 1984-1990, finance director 1990-1994, group finance director 1994-2001. Career ambition: To be a successful chief executive of Standard. Life ambition: "To exceed my ...

IFAs can pass on the mortgage business

21 Mar 2002

New mortgage outsourcing brokerage firm Paradigm Consulting is to target IFAs after research revealed that about a third of intermediaries may pull out of the market because of increasing regulatory costs. The MCCB-registered firm is looking for IFAs who do not see mortgages as a core service but who do not want to risk losing life and investment clients by refusing to handle mortgage business. IFAs can pass the client to Paradigm which will take responsibility for the entire mortgage ...

IFAs turn to with-profits bonds

21 Mar 2002

IFAs are increasingly recommending with-profits bonds to satisfy nervous investors worried about stockmarket volatility, according to Prudential. In the survey of 250 IFAs, 41 per cent say they have been recommending with-profits bonds more than usual in response to demand for investments which provide a buffer against stockmarket volatility. More than half say they currently endorse with-profits bonds to clients up to five times a week, with almost 80 per cent suggesting this ...

Independent view

21 Mar 2002

A week is a long time in politics. A week is also a long time in financial services. Which is the longer time now is arguable. In fact, for possibly the first time ever, financial services has actually become politics. Whether it has risen or fallen to that status is also perhaps arguable. Every day - and in every newspaper and on TV news and debates - one can enjoy the latest commentaries on final-salary schemes throwing in the towel versus a counterclaim from the FRS17 lobby (or ...

Inside edge

21 Mar 2002

The Government has two separate reviews aimed at simplifying pensions- the Pickering review and the Sandler review. These are both set to make recommendations later this year but for those of us judging the results of their work it is difficult to know which benchmarks we can look to if we are to comment on simplification. Pensions seem almost too broad and multi-faceted a subject to allow simple judgements on simplification itself. We need to establish a framework against which ...

Investment update

21 Mar 2002

ABN Amro is to relaunch its Isa cafe on April 5, enabling last-minute investors to use their Isa allowance in style. The cafe will be at ABN Amro's City of London offices at 82 Bishopsgate. The firm is teaming up with M&G, Henderson, Cofunds, Aberdeen, New Star and Invesco Perpetual to set up last-minute drop-off points at 12 locations around the country. All points will be open from 8am till 6pm. Franklin Templeton Investments is offering a 1 per cent discount on all Isa ...

Is the Isa freeze starting to thaw?

21 Mar 2002

The 2002 Isa season is running out of time to produce any surprises. Industry sales figures for February and March are yet to be reported, but January was down by around 40 per cent on the previous year, with many pundits expecting February and March's numbers to be similar. Hargreaves Lansdown investment manager Ben Yearsley says: "I think the worst-case scenario will be that sales are down by around 40 per cent on last year, which will hit companies hard. Many of them have spent ...

iShares expands into US

26 Mar 2002

iShares, part of Barclays Global Investors, has established an exchange traded fund that tracks the S&P 500 index, which consists of the largest companies in the US.

Julian Gibbs

21 Mar 2002

A new tranche of the highly acclaimed GE Life high income and growth plan, rated eight out of 10 by Future Value Consultants, will be available from GE Life from April 8. By cutting its margins, GE has still managed to achieve a 10 per cent a year tax-free income or 33 per cent growth over three years through Isas and Pep transfers. The gross equivalents for basic-rate taxpayers are 11.25 per cent and 41.25 per cent respectively. GE Life is a part of General Electric, one of ...

Lansdown renews interest in Invesco

20 Mar 2002

Hargreaves Lansdown has put Invesco Perpetual back on its buy list after the company moved to quash speculation about the futures of fund managers Neil Woodford, Paul Causer and Paul Read.

M&G tops Isa spend with £1.33m

21 Mar 2002

M&G is leading the Isa season spend on press advertising, according to new figures from Thomson Intermedia. M&G spent a total of £1.33m on press advertising in February, accounting for more than 12 per cent of the industry total of £10.62m. Fidelity is second with a spend of £1.23m while Legal & General was the only other provider to spend over £1m on Isa advertising, with £1.06m for the month. Smaller houses, New Star and ABN Amro, ...

Melton Mowbray five-year fixed

22 Mar 2002

Melton Mowbray five-year fixed Fixed term: 5 yearsFixed rate: 6.09% Minimum loan: £25,000Maximum loan: £500,000 to maximum 95% LTVIncome multiples: 3 x single, 2.5 x jointArrangement fee: £295Redemption fee: 6 month’s interest during fixed periodConditions: Refund of basic valuation feeIntroducer's fee: £200Tel: 0797 120 9490

Melton Mowbray five-year fixed

22 Mar 2002

Melton Mowbray five-year fixed Fixed term: 5 yearsFixed rate: 5.59% Minimum loan: £25,000Maximum loan: £500,000 to maximum 75% LTVIncome multiples: 3 x single, 2.5 x jointArrangement fee: £295Redemption fee: 6 month’s interest during fixed periodConditions: Refund of basic valuation feeIntroducer's fee: £200Tel: 0797 120 9490

Merger may be revived as LIA chief executive Travis quits

21 Mar 2002

LIA chief executive Jeff Travis has resigned after six years at the helm of the trade body. His sudden departure has provoked speculation that the move may clear the way for a merger between the LIA, the Institute of Financial Planning and Sofa, possibly under the umbrella of the Chartered Insurance Institute. Travis, the former AMP direct-sales boss, was seen by many IFAs as an obst-acle to greater co-operation between the various bodies, such as the LIA, CII, Sofa and the IFP, ...

Misys plans preferred panel

21 Mar 2002

Misys is in talks with product providers about a preferred panel for a multi-tie operation to sit alongside an IFA and authorised offering to brokers. In a statement to the Stock Exchange, Misys chairman Kevin Lomax said it now supports CP121 and the Sandler review for the industry because they are positive for its member IFA firms. The company has appointed Lexicon Partners alongside Dresdner Kleinwort Wasserstein to advise it on its options. Misys claims this is to expand its ...

Morgan is Forbes new MD

21 Mar 2002

Alexander Forbes Financial Services is appointing Tim Morgan as managing director responsible for IFA business. Morgan, who will head up the firm's employee benefit and financial planning arm, will report to Alexander Forbes UK director Dick Wood. Wood took over control of the firm's UK operation last year in a boardroom shuffle that saw former managing director Nigel Chambers become executive director. Morgan joins Alexander Forbes from Prudential where he was practice ...

NDF recovers a second time

25 Mar 2002

NDF Administration has introduced the second issue of its recovery growth plan, a guaranteed equity bond that allows investors to receive 100 per cent of any rise in the FTSE 100 index over a five-year term.

New director for Neville James

20 Mar 2002

Tep market maker Neville James is boosting its trading team with the promotion of Karen Gill as director of the Tep marketing division.Gill has been with Neville James since 1996 and was previously genera manager of trading.Neville James managing director John Heller says: "Karen's experience and proven track record will add to the company's continuing success."

New Star revamps website

21 Mar 2002

Fund manager New Star has relaunched its retail website to improve the product information it offers intermediaries and investors. The site at www.newstarinvest.com now provides comprehensive information on its funds, including the UK growth, European growth, UK aggressive and higher-income funds. The site has a comparative fund performance section letting visitors generate charts to analyse the differences between funds. There is a set of online literature and common questions and ...

NS&I increases fixed rate terms

25 Mar 2002

National Savings & Investments has announced its is increasing the rates on its range of fixed rate products by up to 0.35 per cent.The move follows rises in gilt yields, which affect the rates for fixed term investments.Products affected include its Children's Bonus Bonds, Capital Bonds, range of one, three and five year fixed bonds and its one, two and five year pensioners bonds.

Outside edge

21 Mar 2002

It is a competitive world out here. We face competition for new business, competition to recruit and retain quality employees and competition to hold on to existing customers. These basic competitive elements tend to hold true regardless of the size of the business. Small and medium-sized enterprises right through to the biggest multi-national conglomerates are constantly striving to put their hard-earned cash to work to best effect. Financial discipline is an important component ...

Pensioners are missing out on £1bn in benefits

21 Mar 2002

Almost three million pensioners in the UK are failing to claim benefits to which they are entitled, potentially missing out on more than £1bn a year, according to Prudential. Its latest retirement index reveals that millions of pensioners are not taking up the three core state benefits - income support, housing benefit and council tax relief - which could net them up to £1.2bn, which would amount to £127 a year for every pensioner in the UK. More than 40 per cent ...

Platform Home Loans in new correspondent lending deal

26 Mar 2002

Product matters

21 Mar 2002

Schroders has launched an offshore version of its medical discovery fund. In essence, this will be a mirror image of the onshore fund run by Kristine Bryan from New York. Healthcare remains a major long-term theme and has also become a political theme. Demographic trends strongly indicate that demand will grow at an exponential rate. On average, the over-65s consume five times more medicines than those under 65. Healthcare has made great strides over the last 40 years but there ...

Providers start to see the problems

21 Mar 2002

As financial planners, we obviously recognise the benefits of a structured approach. This is far more effective than any form of reactive management. It is also fair to say that if we are to commit our clients to long-term saving with a particular provider then we need to be in broad agreement with that provider's strategy and be reassured it is not going to change suddenly. Only a few months ago, we were being told by Norwich Union that it was the leading stakeholder provider. ...

Put one's ex-spouse in order

21 Mar 2002

I am contemplating getting divorced from my husband and have heard a lot of talk about the sharing of his pension entitlement. What options are there for dealing with pension benefits on divorce? There are now three distinct ways of dealing with a former spouse's pension benefits. Offsetting Under this approach, the exspouse without the pension benefits takes other assets of a comparable value. This was the only solution until the Pensions Act 1995. For offsetting to ...

RBS discount deal at 3.45%

21 Mar 2002

The Royal Bank of Scotland is offering products designed exclusively for intermediaries, including a discounted loan. The limited edition discount mortgage slashes RBS's current standard variable rate by 2.5 per cent to 3.45 per cent from 5.95 per cent until June 2003. There is a further discount of up 0.75 per cent from its SVR until June 2004, depending on loan to value. It is available to first-time buyers, movers and those remortgaging. The bank is offering several other ...

Rothschild buys Misys multi-manager business

25 Mar 2002

Rothschild Asset Management is in talks to buy the £20m fund of funds business from IFA network Misys.

ScotProv guide to mortgage protection

21 Mar 2002

Protection specialist Scottish Provident is publishing a free consumer guide on mortgage protection and the best way to protect the different types of loans available on the market. The guide has been produced following a survey commissioned by Scot Prov which found that 27 per cent of borrowers either have no mortgage protection or are unaware if they do have any cover. Of these, more than 10 per cent said they did not know why they did not have any cover. Scot Prov says that ...

Second pension solution

21 Mar 2002

On April 6 this year, the state second pension will replace Serps - the state earnings-related pension scheme. The main change being made now is to the rate at which entitlement to a second pension builds up. Before looking at S2P it is worthwhile revisiting Serps. For those retiring after April 5, 2000, the current Serps basis works as follows. All employees who paid full Class 1 National Insurance contributions between April 6, 1978 and April 5, 1988 build up entitlement to ...

Skipton arm appoints sales team

26 Mar 2002

Skipton Business Finance, a subsidiary of the building society, which supplies working capital and factoring and invoice discounting services to small and medium sized firms has appointed a sales team of five regional managers. Leah-Ann Richardson, Les Gordon, Keith Crowther, Mike Plant and Mike Farish will be responsible for ensuring SBF meets demand from SMEs throughout the North of England and the Midlands. 

Some like Sipps hot

21 Mar 2002

Marilyn Monroe and her musical friends in drag may have tried to hitch themselves to millionaires to secure their long-term futures but most of us still believe that love, not money, is the reason to make the trip down the aisle. In any case, despite the number of National Lottery millionaires and those with bank accounts swelled by Chris Tarrant's TV show, there simply are not enough of them to go around. So, what are the best solutions for long-term financial security from a female ...

Survey predicts low uptake for Isas

21 Mar 2002

Only 20 per cent of eligible Isa investors plan to make use of their allowance this year, according to research by Royal & Sun Alliance Investments. The survey, conducted by Mori, found that 77 per cent of people have no plans to invest in an Isa, a trend which R&SA believes results from a lack of confidence in the markets. Those most motivated to save are the 55to 64-year-olds and the 25to 34-year-olds, with 25 and 24 per cent respectively saying they will invest this ...

Tempting clients back to Isas

21 Mar 2002

With stockmarket returns less than exciting, investors appear to be playing it cool. But, Amanda Newman wonders, will this season's Isas entice IFAs' clients back?It would be unthinkable for Premiership football clubs to start the season early, leaving the likes of Manchester United and Arsenal still wearing their sarongs in faraway places. But individual savings account (Isa) ...

The final countdown

21 Mar 2002

Hardly a day passes without the media predicting the death throes of the traditional final-salary pension scheme - with good reason as the evidence of the acceleration of scheme closures is overwhelming. There are a number of factors driving this change but the single factor standing at the head of the list is the innocuous-sounding Financial Reporting Standard 17. The National Association of Pension Funds' 27th annual survey records that 77 per cent of schemes say that FRS17, ...

Third way to third phase

21 Mar 2002

We seem to have moved on in the past week from third way politics towards the third phase of New Labour's agenda. Much of Tony Blair's speech last week to the party faithful was designed to head off an increasingly vociferous challenge from Labour's traditional public sector supporters but it did contain some evidence of the way in which Government thinking is taking us for the rest of this Parliament. Blair argued the current "phase" of "driving through reform" followed ...

Threat to trackers' stakeholder links

21 Mar 2002

Tracker funds as an external fund link on stakeholder could be under threat if the charges on their underlying investments exceed 1 per cent at any time, warns the Investment Management Association. The alert comes as the Department for Work and Pensions refused to budge on letting firms charge more than 1/365ths of 1 per cent a day through either the fund link or its underlying investments. The IMA (formerly Autif) says this is of major concern where there are links to tracker ...

Transact pledges to meet post-polarisation needs

21 Mar 2002

IFA portfolio consolidation service Transact is aiming to reassure IFAs that it will cater for them in a depolarised world, whatever their status. In a newsletter to its IFA clients, Transact says it will provide "the best of both worlds, whether the adviser decides to remain independent or opts to become a distributor". The newsletter enc- ourages IFAs to think about a depolarised market now, warning IFAs that the FSA's proposals are unlikely to change in the consultation. For ...

Unlock the investment door

21 Mar 2002

Keydata Investment Services has introduced a third issue of secure growth portfolio. It differs from previous versions, offering capital protection from 80 to 100 per cent. The bond is linked to six externally managed Oeics over a five-year term: HSBC UK growth & income, Norwich Union European equity, JP Morgan Fleming premier equity growth, New Star UK growth, Newton income and Threadneedle American select growth. The HSBC, New Star and NU funds each carry 20 per cent of the ...

UnumProvident claims breakthrough with three-tier critical cover product

21 Mar 2002

UnumProvident is looking to shake up the critical-illness cover market with an individual product which it claims could slash premiums by as much as 50 per cent. Elixia 123 has three tiers - life-threatening, disabling and traumatic - with premiums varying depending on the level of cover required. Policyholders can split the sum insured between the tiers so they can make a claim and then make a future claim for the remaining sum. Unum says it has developed the plan because ...

Verity's view

21 Mar 2002

Is there really a pension "crisis"? Or, to put the question another way, why is there a pension crisis now rather than at any other time? Final-salary schemes have been closing down in their thousands for over a decade. The stockmarket is delivering its poorest returns since the early 70s - but that has been true for nearly two years. The dreaded accountancy rule, FRS17, which works out the cost of pension schemes based on the current market value of its investments, has been ...

Why price is right for IFA software

21 Mar 2002

An interesting debate broke out recently on the FinservUK Ecom list. It appeared to be prompted by the charges being introduced for DBS members by AssureWeb for the use of the Consultant software that replaced the previous System 5 a couple of years ago. While I have no desire to get dragged into the general discussion on the way that charges are being increased on various different networks, I do feel qualified to make some observations when it comes to technology issues. Probably ...

Win a trip to St Moritz with Winterthur Life

21 Mar 2002

To celebrate the launch of the Universal Sipp, Winterthur Life is offering IFAs the chance to experience Switzerland at its best by winning a week's holiday for two in the glam-orous resort of St Moritz. Set in the beautiful Engadine valley and visited by the world's rich and famous, St Moritz is high on the list when it comes to luxury. Fashionable and sophis-ticated, it is the resort for an exclusive winter sports holiday. Away from the slopes, visitors can enjoy a wealth ...

Yorkshire provides on-line service to L&G mortgage club

20 Mar 2002