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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Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]
The FCA recently published feedback on its Call for Input on access to insurance. While this was focused on the ability for people with pre-existing conditions to get travel insurance, it will have wider implications for the protection market – and rightly so. Too many consumers feel they are uninsurable, having been refused cover, even […]
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