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Axa boosts UK revenue by 7 per cent in first half

French insurance giant Axa increased its UK investment, life and pensions revenue by 7 per cent to £4.9bn in the first half of 2002, from £4.6bn for the same period last year. Axa said new business was boosted by sales of with-profits bonds, but is switching its focus to distribution funds after pulling out of with-profits.


B&W bond spans all quarters

Bristol & West has introduced a product which combines a guaranteed equity bond and a high interest account for a term of seven years.Investors can place up to half of their investment in the high-interest account element. This pays interest at 6 per cent gross a year until October 13, 2009. There are no penalties […]

Inflated property prices worry prospective buyers

Nearly a quarter of prospective homebuyers worry about overstretching themselves financially while worrying about paying an inflated price for a property is a concern for 22 per cent of homebuyers.A survey by Kensington Mortgages of 1,000 new homebuyers shows that 23 per cent are worried about overstretching themselves compared with the fear of losing their […]

Loan brokers facing IFA-style regulation

Independent mortgage brokers could face the same regulatory requirements as IFAs if they want to retain their independent status under FSA proposals for the regulation of mortgage advice released this week.One of two options for the regulation of independent brokers outlined in CP146, The FSA&#39s Approach to Regulating Mortgage Sales, is for independent brokers to […]

Goldfish increases savings rates

Internet and telephone based bank Goldfish has announced an across the board increase in the interest rates of its savings bonds.Goldfish says it is bucking the recent trend in savings products which has seen interest rates slashed by banks and building societies.For amounts between £0 and £4,999 the rates the annual rate is 3.71 per […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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