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Abbey offers 3 months’ free MPPI

Abbey is offering customers three months’ free mortgage payment protection cover for all new applicants.

Homeowners will pay nothing for this insurance cover for three months from September 5 until the end of the year.

Abbey says homeowners in the UK are leaving themselves vulnerable regarding mortgage payments, with half of UK adults admitting they could not maintain current lifestyles beyond a month or two if their work circumstances changed.

In spite of this, only 20 per cent has MPPI or ASU cover in place.

Abbey head of insurance marketing Lloyd Wilson says: “At a time when people may be thinking about their mortgage options because of the recent rate cuts, they should also give some thought to protecting themselves against any unforeseen changes in their lives.”


Fidelity to split special situations fund

Fidelity is to split Anthony Boltons 5.4bn special situations fund in two during the first half of 2006.Bolton, manager of the fund since launch in 1979, will run both funds until the end of 2006, after that he will continue to manage one of the funds for a further year until the end of 2007 […]

It’s just not cricket, Fidelity

The fund manager merry-go-round just never stops. We are told that one in 10 funds are affected by a fund manager move every year. There have been 120 changes already this year.

They think it’s all Strover

Life insurance generally, and business insurance in particular, is vastly underadvised, undersold and under- bought (is that a word?). Surprised? I thought not.


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