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Britannia slashes SVR

Britannia Building Society is slashing mortgage rates twice next month in a bid to retain existing borrowers.

From July 1, Britannia is cutting its standard variable rate to 6.89 per cent from its existing level of 7.14 per cent and introducing loyalty bonus rates for long-time customers.

Borrowers who have held their mortgage for at least 5 years will see their variable rate cut to 6.69 per cent, while customers with loans over 10 years old will pay 6.49 per cent.


Fund firms&#39 ad spend rockets

The advertising spend of some of the UK&#39s biggest fund firms leapt by up to 184 per cent during this year&#39s Isa season compared with last year despite depressed Isa sales.The statistics are based on advertising rate card costs and give an approximate guide to total advertising spend, not just Isa advertising, although the figures […]

Towry Law launches new website for employers

Towry Law is launching a new interactive website for employers to give staff financial information, advisory services and buy products on-line.The Towry Law Financial Information and Advisory Site allows employees to fill in a financial planning questionnaire on-line to establish what particular products or services they need. Individuals will be able to buy Isas, take […]

Misys goes mega in DBS deal

Misys is creating a “meganetwork” with 7,250 registered IFAs and 3,700 member firms after snapping up rival DBS Management in a deal valued at £75m.The Misys offer of 150p a share, a 105 per cent premium on DBS&#39s closing share price of 73p on Monday this week, has been accepted by DBS chairman Ken Davy […]

Occupational pensions &#39reduce pensioner poverty&#39

Occupational pensions are a major factor in reducing pensioner poverty, according to new research conducted for the National Association of Pension Funds.The report, by a the National Institute of Economic and Social Research, concludes eight out of ten of today&#39s pensioners have a standard of living at least as high as the average level achieved […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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