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C&G axes dual rates after FOS ruling

Cheltenham & Gloucester has ditched its dual variable rate policy after the Financial Ombudsman Service&#39s ruling against Halifax. It says it may reverse its decision if other cases do not follow the same pattern.


Website offers professional links

My Money Adviser is launching a website that allows IFAs to expand their internet presence through sites that share branding with professional partners such as lawyers and accountants. The MultiSite enables IFAs to co-brand ecommerce sites with third parties, allowing the IFAs partners to refer their clients to the adviser&#39s site, giving access to My […]

F&C modifies with-profits concept

Foreign & Colonial is introducing a new breed of with-profits fund promising no cross-subsidy and a clear and transparent charging structure. The F&C with-prospects fund, which is set for launch next month subject to FSA approval, will be contained within an Oeic structure and will invest 60 per cent in global equities and 40 per […]


As the problems of guaranteed annuities mount, the disaster threatens to demolish the Government&#39s entire strategy on pensions and long-term savings. Royal & Sun Alliance is the latest life company to admit that its guaranteed annuity liabilities are threatening to make the company insolvent. If another life company effectively goes to the wall, what will […]

Product Matters

Northern Rock has introduced a new range ofbuy-to-let mortgages. It offers a choice of fixed-rate products and a variable-rate mortgage offering cashback of 2 or 3 per cent, which is unique to the market. Landlords who choose to borrow on Northern Rock&#39s standard variable rate, currently 6.75 per cent, get 3 per cent cashback on […]

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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