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Abbey National MD set to head CML

Abbey National managing director (retail banking) Andrew Pople will become the new chairman of the Council of Mortgage Lenders when the position rotates at the start of next year.

Pople will step up from deputy chairman to replace Cheltenham & Gloucester managing director Roger Burden.

Britannic Money chef executive Tony Ward is set to become the new deputy chairman, taking over from Halifax chief operating officer Mike Ellis.


Scottish Equitable – Extra Income Fund

Friday, 7 September 2001.Type: Unit-linked fund.Aim: Growth, income by investing in corporate bonds.Minimum investment: £5,000.Investment split: 40 per cent medium-dated corporate bonds, 32 per cent long-dated corporate bonds, 28 per cent short-dated corporate bonds.Charges: Choice of initial 3.75 per cent, annual 1 per cent, initial 0.85 per cent of investment a year for five years, […]

Friends crosses IFA after pledge on &#39poaching&#39

Friends Provident is under fire again for trying to poach IFA clients after it had given an adviser written reassurance that it would not cross-sell. Swansea IFA Keith Lewis of Hartley Great-batch & Co says he had received a letter earlier this year from a Friends head of sales stating that mailing lists were cross-referred […]

Take the initiative

Money Marketing gives you the chance to see the stakeholder pension guide that will be sent out to 100,000 UK firms next week as part of our major initiative to help IFAs with stakeholder in the run-up to the October deadline. The guide is enclosed with every IFA edition of this week&#39s Money Marketing. It […]

Tep factsheet from Policy Portfolio

Policy Portfolio is offering IFAs a free factsheet explaining the tax efficient aspects of traded endowment policies. The factsheet covers choosing when a policy is to mature, use of capital gains tax allowances and balancing initial capital investment with ongoing monthly premiums. Policy Portfolio managing director Brian Goldstein says: “The Tep market is expanding rapidly […]


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