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Barclays and The Woolwich throw support behind Miles

Barclays and The Woolwich have welcomed the Miles report&#39s recommendation that all mortgage products should be available to all customers.

Barclays and The Woolwich say they support Professor Miles&#39 call for greater transparency in the mortgage market.

Barclays and The Woolwich head of mortgages Andy Gray says: “We already offer products with fixed rates over two, five and 10 year periods. Our full mortgage range is available to all our customers, whether existing or new, and we believe the rest of the mortgage industry should follow.”


Structured plan sole link is China

Structured product provider Dawnay Day Quantum is launching the UK retail market&#39s first structured offering linked solely to the Chinese stockmarket, the FTSE Xinhua China 25 index. The fund offers investors 90 per cent capital protection at maturity and 70 per cent of the growth of the index which consists of companies trading on the […]

Standard bearer

What an interesting letter from Paul Smith, who wonders if fellow IFAs can reassure him that his experience of getting policy information from Legal & General is not typical of the way that other providers in this industry operate (Money Marketing, February 12). I am sorry to tell him that it is absolutely typical and […]

Skipton three up

Skipton Building Society has brought out a guaranteed equity bond that is linked to the FTSE 100 index over a three-year term. Investors will get their original capital returned at the end of the term and will also receive 100 per cent growth in the index. To calculate the returns the closing level of the […]

Structural review of FOS aims to gauge efficiency

The Financial Ombudsman Service has commissioned a structural review of the organisation in an attempt to gauge its effectiveness as a complaint-handling body. The review will be undertaken by leading academic Elaine Kempson starting next month and finishing in July. Kempson will be assessing how the organisation can build on what the ombudsman sees as […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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