Tuesday, March 5, 2002Type: Guaranteed growth bondMinimum-maximum investment: £3,000-no maximumTerm: Five yearsCharges: ImplicitReturn: Up to 200% of average growth in HSBC UK growth& income, JPMorgan Fleming premier equity growth, NewStar UK growth, Newton income, Norwich Union European equity andThreadneedle American select growthGuarantee: Choice of 80%, 90% or 100% of capital returned in full atend of […]
Bradford & Bingley's specialist lending arm Mortgage Express is launching a new internet service for IFAs allowing them to conduct business online.Mx-online provides quotations, automated decisions in principle and allows submission of applications and “real time” case tracking.Advisers can also develop online buy-to-let portfolios for clients such as landlords. Client details are stored so only […]
Tax experts have dismissed calls from Opposition MPs, unions and the pension industry to reinstate advance corporation tax credits on pension schemes, claiming such a move would fall foul of a European Court of Justice ruling.Despite intense lobbying by opponents, including Lab-our MP Frank Field, for a full or partial reinstatement of ACT credits abolished […]
Reform of the minimum funding requirement may be the first good news that final-salary pension schemes have had in a long time but many people in the industry believe it does not go far enough to be their saviour.In the face of a tide of highprofile final-salary closures, the Government hopes the proposals will go […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
The Liberal Democrats have stepped up their campaign for state pension equality, asking new pensions secretary Amber Rudd to address the reasons why women face lower pensions than men. The party has again called for progress on helping women born in the 1950s hit with state pension age rises, a cause popularised by the Women […]
The Pensions and Lifetime Savings Association has announced it is one of 33 new signatories that has signed up to HM Treasury’s Women in Finance Charter today. This has pushed up the number of firms that have joined the initiative to improve gender diversity within financial services to 300. These range from global banks to […]
Private Finance has concluded that a borrower on an average standard variable rate could save over £4,500 a year by switching to a two-year fixed rate deal. The mortgage broker says, in total, borrowers pay £15.4bn a year in SVR interest, with the typical rate on a 75 per cent LTV loan being 4.39 per […]