The Chelsea Building Society is launching a new children's account available at 4 per cent gross pa. It will offer instant access with a minimum opening balance of £1 with a maximum of £5000.
Firms should be able to operate under the final depolarisation rules by summer 2004, six months later than originally planned, the FSA has revealed. A consultation paper on the menu payment system is now due by early February and FSA head of retail projects David Severn says he believes the earliest the industry will be […]
Axa PPP Healthcare has designed a private medical insurance plan for the self-employed. Independent health cover offers the usual range of inpatient day patient and outpatient benefits plus additional benefits that self-employed people may find useful, such as personal business assistance and a legal advice line. The plan has three levels of cover - gold, […]
Lincoln Financial Group is launching a new IFA product. The Staged Investment Plan will be linked to 11 trusts managed by fund managers: Goldman Sachs Asset Management and Delaware International Advisers.
Although he has never worn a wig or wielded a gavel – not to MM's knowledge, at any rate – Schroders sales director Neil Bridge is a master at holding court. Most often seen telling (occasionally clean) jokes and laughing raucously in a bar, Bridge is one of the industry's more colourful and best-known characters. […]
Interview with Simply Class’ first adviser, Elliot Silk.
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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 […]