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Abbey Life sets up discount deal on Peps

Abbey Life is offering investors a discount of 3 per cent on the initial charge if they buy a Pep in the 1997/98 tax year and another in the 1998/99 tax year. The offer is available on all initial lump sums between January 5 and April 3.

A voucher will be sent to investors to allow a further purchase at the discount rate. Pep transfers before April 3 will also get the 3 per cent discount.


Standard banks on summer loan attack

Standard Life Bank is to launch a major assault on the mortgage market in August, offering IFAs commission and undercutting rivals&#39 interest rates by up to 1 per cent. The fledgling banking arm, set up at the start of this year, believes it can win a major slice of the market by offering mortgages with […]

Coventry fixes loan at 6.9% until 2002

Coventry Building Society is offering a mortgage fixed at 6.9 per cent until November 2002 up to 75 per cent loan to value. At the end of the term, borrowers will automatically qualify for the society&#39s privilege rate which is currently 7.95 per cent. Arrangement fee is £295. Early redemption penalty is six months&#39 interest. […]

400 IFAs ask about joining Portfolio &#39network&#39

IFA Portfolio&#39s pseudo network Anglo Caledonian is claiming to have had an “enormous” response which could make it the third-biggest network. Chief executive Ian Mackinnon says Portfolio has received 400 enquiries from IFA firms which are interested in joining. If all became members, the new network would rank in size behind DBS and Countrywide. Portfolio […]

NU opts for Consolidated

Norwich Union has picked PR agency Consolidated Communications Financial to boost its media profile. Consolidated&#39s brief is to raise the profile of NU&#39s life, pensions and investment business with the consumer and personal finance press. The agency will work with the life insurer&#39s in-house press office. Consolidated beat competition from Ludgate, Lansons and Quentin Bell […]


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