View more on these topics

Alliance & Leicester launches Step-Up Bond

Alliance & Leicester is launching a bond that pays an increasing fixed rate of interest each year for three years.


The Step-Up Bond will pay 5 per cent gross in year one, 6 per cent gross in year two and 7 per cent gross in the final year.


The minimum investment is £1,000.


Interest is available on a annual or monthly basis.

Recommended

Government sticks to its guns over 1 per cent charge on stakeholder

The Government has dashed hopes of a compromise on the maximum 1 per cent charge for stakeholder pensions which would have made provision for advice.The latest paper, which specifically addresses the advice issue, has been branded a fudge by the pensions industry.The paper repeats the hardline stance, saying that people who want advice beyond the […]

Government to draw up model mortgage proposals

Government intervention in the mortgage market looks to be a near certainty according to today&#39s Financial Times.The FT says Gordon Brown has asked his junior ministers to draw up suggestions for a &#39model mortgage.&#39The move comes against the backdrop of the Government&#39s recent announcement of a wide ranging review of the selling of home loans.The […]

Advice could be built into stakeholder pension charges

Stakeholder pension provider could be allowed to exceed the 1 per cent annual management charge according to a report in today&#39s Financial Times.The paper says providers will be able to charge a higher fee if the product includes detailed advice. The charge will take the form of an upfront fee.The FT says the stakeholder pension […]

Scottish Equitable highlights the need for stakeholder advice

Scottish Equitable believes professional advice is the only means to absolve employers from liability should their chosen scheme underperform.The life office says there is a general reluctance among employers to be held accountable should a stakeholder scheme underperform.In its response to the second stakeholder consultative brief, Scottish Equitable is calling for the Government to encourage […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment