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Buy-to-let commitment

The article in last week’s MM by Ray Boulger said that Co-operative Bank had “completely pulled out of the new build market”.

This was incorrect. Co-operative Bank has recently withdrawn from the new build buy-to-let flat market only. It remains committed to buy-to-let mortgage markets and all residential purchases.

John Barker

Head of mortgages

Co-operative Bank,



Abbey fixes bond rate at 3.8%

Abbey has set up its eighth guaranteed income bond. The single-premium life insurance investment plan guarantees a fixed income and a full return of capital if the bond is held for its four-year term. Abbey is offering investors the choice of either monthly or quarterly income of 3.77 per cent a year or an annual […]

Don’t try queue-jumping, warns Minghella

The Financial Services Compensation Scheme has warned claim-chasing firms to get in line after being harassed by firms trying to fast-track their claims over those made direct by policyholders. The FSCS is sending out letters to firms which have been pestering staff at the compensation scheme to prioritise claims made on their clients’ behalf. Chief […]

The ones that got away

Nearly half of equity-release plans were sold direct by providers last year, highlighting a missed opportunity for advisers, says Nicola York

Insight appoints Dellar from DWS as head of product development

Insight Investment has appointed Paul Dellar as head of product development. Dellar had the same role at DWS before the firm was bought out by Aberdeen in 2005. He will report to Insight head of products and marketing Brett Greatrex and manage a team of four product developers covering both institutional and retail channels. Greatrex […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]


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