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Abbey launches new stepped rate bond

Abbey is launching a stepped rate bond offering 5.00 per cent gross, stepping up twice during the 21 month term of the bond.

It will increase from 4.30 per cent to 4.60, capping at 5.00 per cent.

This is being offered for a limited period until January 10, 2006.

Abbey head of savings marketing Alexia Kilby says: “People can now get a good return on their money whilst having the security of knowing their money is 100 per cent guaranteed. With a fixed rate of interest that increases during the term of the bond, customers know exactly what they are getting back on their money. People who want a regular income from the bond, can choose the monthly interest option which will be paid into another account.”


Retirement Plus hires new heads of sales and ops

Retirement Plus is hiring Fred Paton and Michelle Martinez as its new head of sales and head of operations respectively. It is the new firm launched in conjunction with British Land and Delancey and its offering a new product Property Plan, and a new offering in the equity release market. It hopes to increase levels […]

John Scott & Partners set to buy Towry Law for £37m

Wealth management group John Scott & Partners is to buy the Henderson owned independent financial adviser and insurance broker Towry Law for £37m. All Towry Law staff apart from managing director John Simmonds, will transfer with the business on completion, which subject to regulatory approval is expected in March 2006. JS&P, executive chairman Andrew Fisher […]

GE Life product and marketing manager for Retirement Bridge Ray Chinn

The Hitchhikers Guide to the Galaxy had the words “Don’t Panic” clearly emblazoned on the cover. The second report of the Pensions Commission is not quite so blatant, but does contain a similar message: “… no present crisis of average pensioner incomes…”.Although not as blatant as “don’t panic” the report, for all its 460 pages, […]

West Bromwich posts eight per cent increase in assets

West Bromwich Building Society has posted an eight per cent increase in total assets to 6.4bn pounds in a set of strong half year results.Group pre-tax profit rose by 3 per cent from prior period to 20.9m. Mortgage assets were up 9 per cent to 5.1bn pounds, with gross lending up eight per cent to […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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