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Bradford & Bingley promoted to FTSE 100

Bradford & Bingley, the IFA and mortgage lender, has joined the blue chip club after being promoted to the FTSE100. The company takes the place of demoted Powergen. B&B was selected on the basis of its recent trading statement.

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Mortgage firms in tracker deal

Mortgage distributor Pink Home Loans has linked up with specialist lender Mortgages plc to offer a new range of base-rate tracker products. The Crystal mortgage range is a selection of tracker mortgages with a 1.5 per cent discount until August next year. Rates start at 5 per cent and are tiered according to loan to […]

Man Investment Products – Man Glenwood Multi-Strategy GB

Thursday, 4 July 2002Type: Fund of hedge fundsAim: Growth by investing in fund of hedge fundsMinimum investment: Lump sum £10,000Place of registration: BermudaInvestment split: 100% in fund of hedge fundsIsa link: NoCharges: Annual 1.75%Commission: Subject to negotiationTel: 020 7285 2000

&#39£10k medical bill as insurer cancels policy&#39

An Essex IFA is outraged at the treatment a client received from niche PMI insurer Revelation Health-care after it ended his policy halfway through its one-year term.French & Associates financial consultant Roger Lloyd says the insurer offered PMI cover to his client but revoked the contract without a full explanation.The client contracted a serious illness […]

Equitable deals a new blow to policyholders with harsher penalties

Equitable Life has slashed its maturity and surrender values further in a bid to maintain solvency, blaming recent stockmarket falls.In a move described by Equitable as “most regrettable”, it will now reduce maturity values by 10 per cent, rather than 4 per cent, unless this brings the value to below the guarantee, which it will […]

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