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Alliance & Leicester launch Isa range

Alliance & Leicester plans to launch maxi and mini Isas offering cash and stocks and shares components.

The cash Isa will be Catmarked and will be passbook based. It will offer a interest rate of 5.9 per cent and be available direct or through A&L&#39s branch network.

The stocks and shares Isa will consist of four funds, including three actively managed and a tracker fund.

Charges on the managed funds will range from 3 to 5 per cent initial and 1.25 per cent annual, while the tracker will have an initial charge of 3 per cent and an annual charge of 1 per cent.


Barclays to give £50,000 help to one lucky customer

Barclays Mortgages is holding a national prize draw to select one client who will get £50,000 loan to help pay their mortgage.Two others will receive a year&#39s payment holiday worth up to £6,000. Ten runners up will get a payment holiday of three months.To enter customers must request a mortgage quotation before the end of […]

Aberdeen High Income Trust gains shareholder approval

The Aberdeen High Income Trust has gained shareholder approval for a new £20.6m share offer and placement.Shareholders gave the go-ahead to the plans at an extraordinary general meeting held this week. The share issue will see ordinary shares priced at 120.4p each and a placement of £7.5m debenture stock.Aberdeen believes the proposals will lead to […]


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