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BoS to jump on e-commerce bandwagon

The Bank of Scotland is set to hop on the e-commerce bandwagon and launch internet banking services in Europe.

It plans to set up internet banks in Germany, France or Spain following its loss of the £24 million bid for the National Westminster Bank to arch rival The Royal Bank of Scotland.

It refused to confirm what products and services would be available and when the European websites will launch but admitted the project will be low cost compared to Lloyds TSB, which is spending between £200-£300m on an online European banking ventures.


FSA issues stock tips warning

The FSA has issued a warning to investors about the sources of thousand of stock tips that appear daily on internet bulletin boards.The regulator has been quick to emphasise that the majority of such tips are likely to be genuine in nature.But it has published an alert on its consumer website pages pointing out that […]

Standard Life enters fixed rate mortgage market

Standard Life Bank is entering the fixed rate mortgage market in a bid to broaden its appeal and capture more market share.The new mortgage, called the freestyle-fixed, is fixed for three or five years at 7.25 per cent. The launch follows the roaring success of the Standard Life Bank flexible freestyle mortgage.The mortgage bank is […]

Pension savers warned to act fast

Millions of pension savers need to act fast as basic tax rate falls to 23 per cent to 22 percent on April 6, cutting base rate tax relief by the same amount.Those making lump sum contributions will save a pound in every hundred if they do so before April 5.Legal & General spokesman Andy Agar […]

High street lenders react to on-line competition

Four of the largest estate agents have invested between £12 and15 million in a joint website which will put more than 25 per cent of fall properties up for sale online.The four agents in the joint venture Halifax, Countrywide Assured, Royal and Sun Alliance and Connell say they are launching the site to fight back […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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