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Abbey aims for wealthy investors

Abbey National is this week launching its new wealth management business called Inscape.

The venture is aimed at the projected 4m people who have at least £50,000 to invest and will be offered over the counter at local branches and on the internet.

The move follows similar ventures by banks such as Credit Suisse who last week launched an internet and banking service aimed at those with a minimum of £30,000 to invest.


Cherrypicking hits low earners

The Government has been accused of backtracking over stakeholder and neglecting its original target audience after it unveiled plans to allow life offices to cherry-pick business.IFAs and providers fear new DSS measures will give the green light to cherry-pick stakeholder business and lead to neglect of the low-earning group.The measures, outlined in a letter to […]

Coventry offers mortgages on-line

Coventry Building Society is offering home loans over the internet. Its introductory mortgage is at 5.39 per cent fixed until early 2003 or there is a discounted rate deal of 2.35 per cent off its standard variable rate which stands at 7.7 per cent. Coventry will also pay for the valuation and legal costs.

Scottish Provident in multi-benefit deal on split trust

Scottish Provident is introducing a split trust which allows part of the benefits within a life policy to be held under trust while the remainder is paid out to the policyholder.The trust is available through ScotProv&#39s Self Assur ance protection range which is aimed at covering a range of protection needs within one plan.The company […]

Julian Gibbs

Over £1bn has been inves ted in venture capital trusts since they were launched in 1995. All three trusts that have matured have returned tax-free divid ends higher than the gross dividends before tax of the average share in the FTSE All Share index.Baronsmead VCT, in particular, has shown excellent overall returns. Some trusts which […]


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