View more on these topics

Abbey National launches fixed rate bond

Abbey National is launching a new three year fixed rate bond and hiking the interest rates on its range of &#34Choices Bonds.&#34

The new Fixed Rate Reserve Bond 3 has a minimum investment of £2,000. The limited edition bond is paying 6.85 per cent gross until its maturity on November 1, 2001.

Because the bond is aimed at attracting new money into the bank, the account stipulates that at least 50 per cent of the investment must come from outside of Abbey National.

The Abbey is also hiking up the interest rates on its Choices range of one, two, three and four year fixed rate bonds by an average of 0.25 per cent. Investors with £1,000 can now earn up to 6 per cent gross for terms of two, three or four years.

Abbey National director of savings Janet Connor says: &#34We are constantly getting feedback from our branches that customers are looking to use bonds to get high returns on their savings and our bond range will certainly meet the needs of these customers.&#34


Norwich Union launches high yield bond fund

Norwich Union is launching a high yield corporate bond fund with an estimated yield of 8 per cent.The Higher Income Plus Fund is set to meet Government Cat standards with no initial charge and only a 1 per cent annual management fee.The minimum investment is £50 a month for regular savers or £500 for lump […]

Equitable downgraded by Moody&#39s

Equitable Life&#39s financial strength rating has been downgraded by Moody&#39s according to the Financial Times.The Moody&#39s has reduced Equitable&#39s financial strength rating from Aa3 to A1.The ratings agency says it has downgraded the life office because of the increased pressure on its minimum solvency brought about by the need to make provision for guaranteed annuities.The […]

Standard Life asks for investor views on ethical investments

Genetically modified food, intensive farming methods and animal testing are among the main areas of concern for ethical investors a survey for Standard Life Investments has revealed.The survey has been sent to over 4,600 of the life office&#39s customers and 1,000 IFAs and is designed to establish if the current crop of ethical products satisfy […]

Woolwich hotly tipped as Sedgwick buyer

Woolwich is being hotly tipped to become the new owner of Sedgwick Financial Services.SFS is expected to reveal the identity of the successful bidder by the end of the month, five months after being put up for sale by owner William M Mercer.Industry insiders tip Woolwich to take-over the IFA arm which has 170 RIs […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm