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C&G reduces savings rates

Cheltenham & Gloucester is reducing investment rates from May 1, 2001, with the interest rate on its cash Isa falling to 6 per cent from 6.45 per cent, and on its Tessa Isa from 6.45 per cent to 6.1 per cent.

The C&G Direct Transfer telephone account will pay 5.2 per cent gross on the top tier of £25,000 or more, reduced from 5.65 per cent.


IFA firm targets home equity

An IFA firm has been set up specialising in the home equity-release market.Preston-based Key Retirement Solutions, formerly Countrywide Retirement Solutions, has taken IFA status to give specialist advice to the retired marketplace.The company believes the equity-release market is set for considerable growth and says homeowners are becoming increasingly equity-rich but cash-poor.It says the average weekly […]

Threadneedle Pensions – Balanced Pathway

Monday, 1 May 2001.Type: Pooled pension fund.Aim: Growth by investing in bonds and equities.Minimum investment: Lump sum £1,000.Investment split: Property 2 per cent, overseas bonds 8 per cent, overseas equities 38 per cent, UK bonds 15 per cent, UK equity 37 per cent.Charges: Annual 0.35-0.85 per cent.Commission: None.Tel: 020 7464 5691.

Barclays to extend opening hours

Barclays is to extend the opening hours of 84 per cent of its 1720 branches in a bid to increase the convenience and accessibility for its customers.The move is expected to create up to 2,000 jobs nationwide within the next two years.As part of the plans at least 50 of its main town and city […] links up with MSN

Gay lifestyle website is linking up with in a move it believes will create a massive marketing opportunity for financial organisations. It says the gay market is one of the most lucrative in the country and estimates it is worth £95bn. It says average earnings for gay men and women at £30,000 are […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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