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A&L offers a swathe of discount and flexi loans

Alliance & Leicester is launching a new mortgage portfolio including flexible and stepped-discount loans.

The range features a Fee Saver mortgage with no arrangement fee and no extended tie-in.

A flexible loan is offered with daily interest calculation and options to make overpayments and underpayments and take payment holidays. It has a 1.9 per cent discount, giving a current rate of 5.84 per cent.

The stepped-discount mortgage gives a 3 per cent reduction off the basic rate in the first year, 2 per cent in year two and1 per cent in year three.

The no-repayment-fee loan has up to 1.7 per cent discount for existing A&L mortgage customers who are moving home.

The FeeSaver mortgage is offering up to 1.85 per cent discount off the basic rate with no arrangement fee. It offers a refund of the valuation fee plus £250 cashback.

Marketing manager Tim Hague says: “Borrowers opting for the flexible base-rate tracker will receive a substantial discount for the first year.”


Ex-Jupiter boss sets up new fund manager

Former Jupiter Asset Management chairman John Duffield has announced plans for his new business. Duffield, who is suing Jupiter for wrongful dismissal, is attempting to create a new fund manager, to be called New Star Asset Management. Reports say he has approached a number of small fund management outfits with the hope of buying them […]

Legal & General is offering investors the chance to manage their investments online

The new multi tracker Isa is aimed at experienced investors who have previously invested in the UK but who now want some exposure to overseas markets.A maxi stocks and shares Isa, multi tracker allows investors to place any proportion of their money in five FTSE indices, the UK FTSE allshare, the FTSE-Europe (ex UK), the […]

CGU says it sets lower premiums for Tesco

CGU has admitted it sets higher premiums for term insurance products sold by IFAs than it does for Tesco Personal Finance.The life office says independents would have to sell term insurance for an average of 16 per cent higher than a Tesco salesperson would.It now plans to notify IFAs that they can drop below the […]

Bowled over by success

Nearly 1,500 cricket clubs have benefited from Sun Life Financial of Canada&#39s sponsorship of an under-15 club championship. The knock-out competition has been running for the past few months and will culminate in four teams qualifying for the national semi-finals and finals in Basingstoke at the end of August.Sun Life Financial of Canada has lent […]


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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