Co-operative Financial Services is combining Co-operative Bank and Co-operative Insurance Society mortgage operations.
The single operation will eventually offer one product range to customers across all CFS distribution sales.
CFS chief executive Mervyn Pedalty says: "A pilot exercise undertaken at the end of 2002 revealed the significant cross-sales potential we have within our brands."
Wednesday, 5 February 2003 Type: Oeic Aim: Growth by investing in international equities Minimum investment: Lump sum £1,000, monthly £100 Investment split: UK equities 55.41%, European equities 3.78%, North American equities 12.12%, Japan 1.96%, Pacific 0.89%, UK bonds 9.95%, UK corporate bonds 9.98%, cash 5.92% Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual […]
The Pensions Green Paper might have been disappointing but the same cannot be said of the proposals for tax simplification, launched in a simultaneous consultation paper. Consider the joint objectives: •Providing choice for everyone by simplifying the structure and removing the mystique born of years of legislative “tinkering”. •Increase protection for members of occupational schemes, […]
The UK is the most popular home for Isa investors this tax year, with 42 per cent investing domestically and 15 per cent choosing Europe, according to Jupiter. From a sector viewpoint, income funds were selected by 21 per cent of its investors, with financials the second most popular sector, chosen by 11 per cent. […]
A number of employers have given defined-contribution pensions “a bad name” by cutting contributions after switching their occupational schemes from defined-benefit schemes, according to pensions minister Ian McCartney. He was challenged by MPs on the committee about how the Government plans to prevent employers from reducing or stopping contributions when they move from DB to […]
Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]
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Law firm Edwin Coe has commenced litigation on behalf of 400 investors against HSBC over its role in facilitating the operation of the Disney film financing investment scheme known as Eclipse. Money Marketing first reported that affected investors including celebrities and football managers were eyeing up a landmark legal challenge 18 months ago. The legal […]
Earlier this month, World Cancer Day raised awareness of the disease that continues to affect so many of us. There are few people who will not know someone who has been affected by cancer in some way. Cancer affects people of all ages and health types; it does not discriminate and those affected can often […]
As part of its retirement outcomes review, the FCA has been looking at non-advised income drawdown policies; specifically, the fact too many people are leaving their savings in cash regardless of how long they intend to keep the money there for. The regulator wants customers to set out their plans for the five years ahead. […]
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