View more on these topics

BoS unveils unique equity release mortgage for Millennium

The Bank of Scotland will unveil what its says is a unique mortgage as part of the Government&#39s Millennium Products initiative, at the CBI National Conference in Birmingham next week.


The mortgage will allow borrowers to release cash tied up in their house at zero interest on the condition they share any increase in the house value after sale with the bank.


The Bank of Scotland hopes that the mortgage will give elderly borrowers peace of mind by freeing cash for healthcare, pension shortfalls and home maintenance.


The Millennium Products initiative was launched by Tony Blair in September 1997 to identify, encourage and promote British creativity and innovation.

Recommended

Skipton offers bond guaranteed against falling rates for five years

Skipton Building Society is launching an investment bond that offers customers protection from falling rates for up to five years.The Protection Bond has a fixed rate of 7.5 per cent gross until March 31 1999 dropping to a fixed rate of 7 per cent gross from April 1, guaranteed as long as the three month […]

ACCA opposes reform proposals for final salary scheme accounting

The Association of Chartered Certified Accountants has dismissed some of the proposed reforms to final salary pension scheme accounting principles as unnecessary.ACCA expressed surprise that an Accountancy Standards Board discussion paper put forward the &#39immediate recognition option&#39 in the critical area of actuarial gains and losses.ACCA believes that gains and losses should be spread throughout […]

C&G halves minimum balance requirement for offshore funds

Cheltenham & Gloucester Channel Islands is to halve the minimum balance requirement from £10,000 to £5,000 on its offshore investment accounts on November 2.It will also reduce interest rates on all products by 0.25 per cent.Balances of £100,000 or more will now earn 7.5 per cent a year gross interest and tiers at £25,000 and […]

ACCA opposes reform proposals for final salary scheme accounting

The Association of Chartered Certified Accountants has dismissed some of the proposed reforms to final salary pension scheme accounting principles as unnecessary.ACCA expressed surprise that an Accountancy Standards Board discussion paper put forward the &#39immediate recognition option&#39 in the critical area of actuarial gains and losses.ACCA believes that gains and losses should be spread throughout […]

Burnett: what needs to happen for value to start performing again?

Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com