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BSA picks up Hewitt&#39s gauntlet on social exclusion

The Building Societies Association is accepting Patricia Hewitt&#39s invitation to contribute to the financial exclusion debate.

Hewitt made the invitation during a speech which challenged building societies to tackle the problem of financial exclusion in deprived neighbourhoods.

BSA director-general Adrian Coles says: &#34We have established a group which will consider ways in which building societies can further sustain financial life in socially disadvantaged areas. The group is looking forward to submitting ideas to the Treasury and playing a full part in this important debate.&#34


Barclays launches range of fixed rates

Barclays Mortgages is introducing a three-year fixed-mortgage at 7.19 per cent that can be transferred for further three-year period.It also launching a three-year capped-rate mortgage at 7.19 per cent, a two-year mortgage fixed at 6.59 per cent and a three-year mortgage fixed at 6.79 per cent.The lender says that none of its fixed-rate mortgages have […]

IFAs team up to form ethical investment group

Winterthur Life is adding a tracker fund to its range of investment funds available in its company and individual pensions range. The Winterthur Life All-Share Tracker Fund invests wholly in the Barclays Global Investors pooled Aquila Life UK Equity Index Fund, which tracks the performance of the FTSE All-Share Index.

Private Label offers discount mortgage with cashback for millennium celebrations

Private Label is launching a new cashback discount mortgage which will pay borrowers £1000 in December 1999 just in time for the millennium celebrations.The discount rate is 6 per cent with 3 per cent cashback.The packager says that the mortgage delivers a benefit of 9 per cent – 10 per cent if the MIG – […]

Canada Life raises PHI sales target by 25 per cent

Canada Life IFA division is increasing its monthly PHI sales target to 1,250 cases having achieved its target of 1,000 sales in October.The life office says it was equal fourth in attracting PHI new premium income on sales through IFAs and is only five per cent behind the number three position.The company says if it […]


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