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Barclays clears way for Woolwich mortgages

Barclays is withdrawing its mortgage range to sell Woolwich loans after branch tests showed its products were being outsold by those of its subsidiary.

Woolwich mortgages will now be sold through Barclays&#39 branch network, its telephone operation and online banking service from this week.

Barclays is planning to offer its personal loans through Woolwich branches and will launch a flexible Open Plan mortgage under its own brand later in the year.

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Merrill Lynch in sector fund range

Merrill Lynch Investment Managers is introducing a range of global sector funds with the aim of helping investors spread the risks of boom-bust cycles. The World Sector Series includes six new funds as well as two established funds and forms part of the Luxemburg-based Mercury Selected Trust Sicav. The six new funds cover energy, financials, […]

SEI wins MAN mandate

SEI Investments will manage the pension fund of MAN B&W Diesel, an account potentially worth £50m.SEI will have overall discretion for the fund, carrying out asset allocation within guidelines set by Deloitte and Touche, for the MAN B&W Diesel defined benefit pension scheme.SEI institutional business development head, UK Patrick Disney says: “We are delighted to […]

Scottish Life International re-runs bond series

Scottish Life International has introduced the fifth series of its stockmarket linked income and growth bonus bond.This offshore bond has a three year term and gives investors the choice between two income options and a growth option. They can select an annual income of 11.2 per cent gross, a quarterly income of 2.7 per cent […]

Burdett and Potter to leave Rothschild Asset Management

Robert Burdett and Gary Potter are leaving Rothschild Asset Management to join Credit Suisse Asset Management. Burdett and Potter, who run the Five Arrows Private Portfolio Service, leave in June, when RAM&#39s head of asset management Philip Barleggs and chief investment officer David Kiddie will take over responsibility for the Five Arrows Private Portfolio Service […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

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