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C&G cuts rates

Cheltenham & Gloucester is reducing the rates paid across mot of its investment rage but has held the rate on its Tracker account.

Rates on C&G&#39s cash Isa and Tessa Isa will both be reduced by 0.25 per cent to 4.25 and 4.30 per cent respectively. Rates on fixed rate products are unchanged.

C&G sales director Nick Hale says: “C&G has held its investment rates for over nine months and has now reduced them in line with our major competitors who have been reducing their rates throughout the summer.”


Three quarters of Chelsea customers to pay loans off early

Nearly three quarters of borrowers plan to repay their loan early according to a survey from Chelsea Building Society.The society says 72 per cent of its Flexiplan customers say they hope to repay their mortgage earlier than the agreed terms. Chelsea says they have chosen the Flexiplan Discount Mortgage because it allows for overpayments.The survey […]

Treasury review mandarin Oppenheimer joining Gartmore on secondment to develop distribution

Daniel Oppenheimer, one of the key thinkers behind the Myners and Sandler reviews, has joined fund manager Gartmore on a two-year secondment to help develop its distribution strategy.Treasury civil servant Oppenheimer joined Gartmore last week and will report to head of distribution Mike Smith for up to the next two years.Oppenheimer was head of the […]

Spouse building

Last time I looked at how to use the new transfer regulations, income drawdown in payment transfers and a review of concurrency. I would like to end this series by looking at three other opportunities – pensions for children, pensions for spouses and even pensions for pensioners. Pensions for children – giving them a headstart […]

GMAC-RFC fixing loan for two years at 3.99%

GMAC-RFC is offering a 3.99 per cent two-year fixed rate loan and revamping other mortgages in its range.The new loan offers 3.99 per cent up to 75 per cent loan to value and 4.19 per cent up to 95 per cent.There is a procuration fee of 0.35 per cent of the loan.The firm has revamped […]


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