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Chelsea launches new one-year bond

Chelsea Building Society is launching a new one-year, fixed-rate bond, paying a gross rate of interest of 5.25 per cent fixed until 1 May 2000.

The bond will be a limited issue with a minimum investment of £5000 and the maximum is £500,000 provided the whole investment does not exceed £1,000,000.


Aon Consulting wins group pension scheme

Aon Consulting has been appointed by Centrica to administer its group pension scheme.The engineering and service group has a staff of 20,000 and members assets total more than £1bn.Centrica group pension manager Rita Powell says: &#34Aon was chosen from the shortlist because we believe it has the resources and experience to consistently deliver the service […]

ABI says implementation of Commission report would boost insurance market

The implementation of the report on long term care will boost ltc by making policies much cheaper, according to the ABI.ABI Director General Mark Boleat says: “The cost of long term care will fall and more people are likely to buy policies if the main recommendation of the Royal Commission is accepted.“An insurance arrangement for […]


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