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Chelsea reduces SVR to 6.14 per cent

Chelsea Building Society has reduced its standard variable rate to 6.14 per cent from 6.34 per cent in response to the recent Bank of England base rate cut. The new rate takes effect from October 29 and will apply to all Chelsea products linked to the rate including its cashback plus, cashback, buy to let, concept, prospect and flexiplan mortgages.

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Business model lets clients choose the service they want

Philip Thomas should check the definition of a bucketshop as one definition is an “unregistered firm of stockbrokers that engages in fraudulent speculation”. This would suggest his comments about Hargreaves Lansdown are libellous (Money Marketing, October 11).Mr Thomas continues to display a total lack of understanding of the Hargreaves Lansdown business model. It is perfectly […]

FSA criticised for poor handling of Equitable debacle

The FSA has been strongly criticised for its poor handling of the Equitable Life affair by the report looking at its role in the debacle.The report conceded most of the problems which led to the decision by the life office to close its doors to new business last December occurred before the FSA was handed […]

PIA expels IFA firm Barlanin

The PIA has expelled the IFA firm Barlanin formerly of Renford House, High Street, Wolstanton, Newscastle Under Lyme, Staffordshire deeming it no longer fit and proper to conduct investment business. The firm has changed names five times since 1989, most recently being registered as Cameron Mcdonald Investment and Pension Services until May 2000. The firm, […]

L&G new business up 24 per cent

Legal & General new business sales are up 24 per cent to £585m from £473m EPI for the nine months to September 30. Individual life and pensions sales were up 16 per cent to £325m from £280m EPI and corporate pensions were up 106 per cent to £103m from £50m EPI. Unit trust and Isa […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]

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