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Barclays – Flexible Savings Bonds update

Barclays – Flexible Savings Bonds update

Barclays Flexible Savings Bonds update

Update: Rate on 18-month flexible bond increased by 0.5%, now paying equivalent of 2.5%- 3% a year, new four-year flexible bond launched paying a bonus of 3.25% to 3.75% plus extra 0.25% a year payable at maturity if no withdrawals are made over the term



Leeds BS launches two-year fixed at 1.99%

Leeds Building Society has launched a new two-year fixed rate mortgage at 1.99 per cent. The product is available up to 75 per cent loan-to-value and there is a fee of £1,999. LBS sales and marketing director Kim Rebecchi says: “This is an outstanding offer that allows customers to guarantee low payments for two years […]

Skandia to axe 86 jobs from Southampton operations

Skandia UK is cutting 86 jobs from its operations team, which serves the firm’s platform and life arms. The team has just over 900 people and is responsible for processing new business valuations and other administration duties. The jobs are all based in the Southampton office, where Skandia has 1,600 staff. Skandia is currently going […]


Labour: MPs fear TSC will crack under heavy workload

MPs on the joint committee scrutinising the draft Financial Services Bill are concerned the Treasury select committee will not be able to cope with the workload involved in holding the new regulators to account. Under plans in the bill, the FSA will be replaced by the Prudential Regulation Authority, the Financial Conduct Authority and the […]

CBI: Solvency II pensions proposals will damage UK growth

European proposals to impose Solvency II-style capital requirements on defined-benefit pension funds will harm UK jobs and growth and spark an £800bn equity sell-off, the CBI warns. A European Commission green paper, published in July last year, aimed to launch a public debate on how to ensure “adequate, sustainable and safe” pensions across the EU. […]


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