View more on these topics

A&L increases rate for offshore savers

Alliance & Leicester International has increased the interest rate on its offshore base rate tracker and its offshore pension reserve following the Bank of England’s decision to increase the base rate.

The offshore savings bank has increased the rates on its savings accounts in line with the quarter point base rate rise last week with immediate effect.

The offshore base rate tracker product has a new interest rate of 5 per cent and the offshore pension reserve interest rate has risen to 5.55 per cent.

Alliance & Leicester International managing director Simon Hull says: “Alliance & Leicester International is committed to providing customers with consistently competitive offshore savings rates, and by linking the rates on these accounts to Bank base rate we have ensured that customers in these accounts have benefited from the recent rise within one week.”

The bank is currently reviewing the remainder of its rates in light of the base rate change.


Sesame ARs to drop as multi-tie picks up

Sesame says as 1,450 advisers have been recruited into its multi-tie proposition it expect network members to fall as a result. According to parent Misys’ latest interim results, Sesame is still for sale despite operating profit improving by over 100 per cent to 8m.Misys says Sesame is still seen as non-core strategically and is embarking […]

Would you credit it?

The nominations are in for the Moneyfacts annual awards and, although this would not normally give much reason for comment, this year the intriguingly titled “best business card provider” has been included.What will be the judges’ criteria be – “Look at that subtle off-white colouring. The tasteful thickness of it. Oh my God, it even […]

Standard single-tie with Summit

Standard Life has entered into a single-tie deal with Summit Financial Services, which specialises in arranging life cover, critical-illness and income protection cover for climbers, mount-aineers and hillwalkers.


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