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Bradford & Bingley…

Bradford & Bingley saw the curtain fall on 150 years as a mutual on Monday

with an overwhelming vote by members in favour of conversion to a plc.

Members are expected to receive windfalls of over £700 when B&B

floats in December.

Chairman Lindsay Mackinlay (pictured above)told the few hundred members

attending the specialgeneral meeting at Sheffield Arena that it was a

defining moment for the building society.

Details, p2


Internet links aim to list specialist brokers

Internet-based financial services directory Online-IFA has set up aservice to put IFAs in contact with specialists.The new section of the directory enables any IFA with a specialisation toregister with Online-IFA and get a free hyperlink to their own website.The main Online-IFA site, which advertises itself as “run by an IFA forIFAs” was launched in early […]

It&#39s a new world for Axa Sun Life pensions

Axa Sun Life has launched its pre- and post-stakeholder pension pro-position which will focus on e-business.Starting in October, its new range, “new world” Axa Sun Life pensions,will have a single charge, a minimum contribution level of £20 and noexit penalties.The company says the range of pensions will include stakeholder-friendlypensions with a maximum 1 per cent […]

Tories and LibDems back call to scrap rules on with-profits

The Opposition has called on the Government to scrap the stakeholderwith-profits regulations, backing industry claims that with-profits hasbeen effectively outlawed.The Tories and Liberal Democrats claim the low- to medium-risk nature ofwith-profits policies make them attractive to clients.With-profits will be allowed under the stakeholder provisions but policiesmust be ring-fenced, preventing the cross- subsidisation which providesthem with […]

Templeton Investment Management on the biotechnology bandwagon

Templeton investment management is jumping on the biotechnology bandwagon with the Franklin Biotechnology Fund (OEIC) registered in Luxembourg.The fund is aimed at long-term investors who are looking for long-term capital growth. It invests in medical, pharmaceutical and biotech companies all over the world that are involved in research and development.Despite recent publicity about developments in […]


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