Charcol is relaunching its federal reserve tracker mortgage. The mortgage is based on the lower US short term interest rates. The IFA says it will offer the product at an initial rate of 2.99 per cent until the end of September, after which the mortgage will track the US dollar three month Libor plus a margin of 1.25 per cent for ten years from that date.
The Nursing Home Fees Agency is offering its own equity-release service in response to demand. It says the new NHFA Lifetime Mortgages service means it can offer younger clients and possibly their relatives the ability to stay in their homes or improve the quality of their lives by drawing down income or capital from their […]
Type: Capital-guaranteed fund of hedge funds Aim: Income or growth linked to the performance of the Opal Optimum Master Fund Minimum investment: Lump sum £10,000, Isa £5,000 Term: Five years and one month Guarantee: Secure income and secure growth options - Original capital returned in full regardless of performance of underlying fund, high income and […]
Specialist mortgage provider BuildStore is offering a new loan which is designed for people renovating properties. It says the loan will help borrowers get over initial cashflow problems. Lenders will normally only release money for property improvements once work has been finished and inspected by a valuer. The BuildStore home improvement mortgage will offer borrowers […]
Sesame is warning advisers that the introduction of further regulation by the FSA could pose a serious risk to holistic financial planning. The company believes the introduction of mortgage regulation and the increasing levels of paperwork will cause chaos for small firms. Advisers will have to complete different types of forms for different types of […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]