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Abbey for Intermediaries launches new fixed and tracker deals

Abbey for Intermediaries is launching three new deals and reducing the rate on a four-year fixed rate mortgage.

From tomorrow, the lender is launching a two-year 60 per cent loan-to-value tracker at 2.49 per cent, with a £995 fee. The product is available with the lender’s homebuyer solution, which offers borrowers free basic mortgage valuation and £250 cash back on completion.

It is also launching two two-year fixed rate deals. One is available at 3.69 per cent up to 75 per cent LTV, with either homebuyer or remortgage solution, and the other is available at 4.99 per cent up to 85 per cent LTV, with remortgage solution. Both products are available for a £495 fee.

AfI is also reducing the rate on a four-year fixed rate from 5.84 per cent to 5.69 per cent. It is available at up to 85 per cent LTV and for a £495 fee.



Ascentric launches platform test for advisers

Ascentric has launched a “driving test” for advisers to assesses their knowledge and understanding of the platform and ensure they are able to explain its functionality to clients. Advisers must complete a training programme before taking the test, which involves theory and practical assessments. The theory test consists of 25 questions with a pass mark […]


FCA and PRA will raise FSCS levies

The Financial Conduct Authority and the Prudential Regulation Authority will both raise levies in future to pay for the Financial Services Compensation Scheme, although only one regulator will collect the levies. The FSA is currently responsible for raising levies to fund the FSCS, the Consumer Financial Education Body, and the Financial Ombudsman Service. In a […]


Analysts say L&G to be biggest life office beneficiary of RDR

Legal & General is likely to be the biggest life office beneficiary of the retail distribution review as providers move away from insurance and towards asset management, Nomura says. In an investment note, the analyst says the requirement to change remuneration around advice from 2013 is already causing IFAs to sell more asset management products. […]

US equity income: the standout market

By James Hackman, head of US Equities at Neptune With a growing dividend market, very low payout ratios and high dividend cover, the US is one of the standout equity income markets globally. It is also one of the most unloved. James Hackman, manager of the top-performing Neptune US Income Fund, highlights six key facts […]


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