Cheltenham & Gloucester has won a fifth consecutive five-star rating, awarded by Aifa. More than 2,000 IFAs voted in the annual survey, which ranks mortgage lenders and other product providers on a wide range of service criteria. C&G was deemed to provide the best all-round service.
Easy Access Tracker AccountType: Tracker account with interest rates linked to movements in London Inter Bank Offered Rate. Rates will be set at quarterly intervals until February 27, 2001 and 3 month LIBOR minus 0.5% thereafter. Monthly income option available on balances of £5,000 and above.Minimum-maximum investment: £1-£1m.Interest rates: 6.26% gross.Term: None.Offer period: None.Withdrawal penalties: […]
House prices are 13.3 per cent higher than they were this time last year, according to latest research by Nationwide Building Society.The rise is the fastest annual rate increase since the 1980s housing boom.Figures show prices across the country rose 1.9 per cent in November. The average price of a house is now £74,954.
The Bank of Scotland has tried to pour cold water on the Royal Bank of Scotland's £25bn bid for NatWest.Bos Scotland has put slightly less money on the table for the beleaguered banking group but the offer could be a better deal if a proposed special dividend is included.BoS says it has better management and […]
Legal & General has refused to defend itself in response to a volley of complaints from frustrated IFAs about its administration bungles. MM's switchboard was swamped with calls from IFAs invited to ring our hotline with their stories of suffering from shoddy administration at the hands of product providers.The life office topped Money Marketing's 'Roll […]
by Debra Corey, group reward director You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]
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Online wealth managers have struggled to enter the UK auto-enrolment market because of high costs and legislation and are now looking elsewhere for opportunities. Moneyfarm chief financial officer Paolo Savini Nicci tells Money Marketing the firm has no plans to get involved in auto-enrolment, because of a “crowded” marketplace, relatively low account values and high costs. […]
In recent months, providers have reassessed their plans on offering guaranteed drawdown products
The DFP Wealth Management IFA on the desperate need for a new generation of advisers and existing firms’ role in helping them in