View more on these topics

Abbey National launches second version of e-bond

Abbey National is connecting its customers up to the world wide web with the second version of its e-bond.

e-bond is a deposit-based high interest account with a one-year fixed rate of 6.4 per cent, which will mature on September 1, 2001. It is aimed at investors who are looking for a safe product that can be left for a year to grow.

The product joins the small number of bonds that are available on the internet. Offered exclusively via the world wide web, investors can apply to open their bond via the internet and then track the progress of the bond online. The rest of the administration is dealt with by post as normal. One drawback to the product is that because it can only be applied for online this might prevent it reaching clients who do not have access to a computer.

e-bond enters a market that is already crowded with similar products. These include the Sun Bank guaranteed investment account, with a rate of 6.6 per cent and the capital millennium bond from Julian Hodge bank with a rate of 6.8 per cent.


IFAs urged to welcomelife industry standards

IFAs should welcome the ABI&#39s proposals to establish standards across the life industry, says a taskforce chaired by Aifa director general Paul Smee.The Savings and Long Term Risk initiative is to provide accreditation for life office brands.IFAs had expressed concerns that the initiative would grant accreditation more easily to providers which use direct salesforces rather […]

IFAs venture out

Their slow take-up among the IFA community is partly a result of VCTs being per-ceived as an extremely high-risk product.Investing principally in non-quoted companies listed on the Alternative Investment Market or Ofex, risk is clearly high compared with a balanced managed unit trust or bond fund. But across the range of VCTs that have been […]

Why PI poses a long-term threat to my future

It would be comforting to think that the comments inthe recent Broker Talkback on PI cover reflected the poor construction of your question rather than a real complacency about PI insurance. However, I have my doubts.PI insurance may not be my “biggest headache” in the short term but I certainly think it is one of […]

F&C makes appointments to regional sales force

Foreign & Colonial has made three additions to its regional IFA salesforce. Nicolas Moran, who joins from M&G, will cover the south west. Derek Borthwick, previously of Zurich life, will be responsible for Scotland and the north of England. Former Invesco employee Julian Hince will cover the midlands, Wales and south west of England.


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