View more on these topics

Cheltenham & Gloucester cut savings rates

Cheltenham & Gloucester Channel Islands is reducing the interest rates on all its investment accounts by 0.5 per cent.

For balances of more than £100,000 in its Guernsey 30 account, rates will drop to 5.75 per cent. Balances at £25,000 drop to 5.7 per cent and balances at £5,000 to 5.5 per cent.

Investors with £250,000 in Guernsey Gold will now receive 4.9 per cent. The lower tiers of £100,000, £25,000 and £5,000 are now 4.7 per cent, 4.35 per cent and 3.9 per cent respectively.


Skipton cuts rate to 6.89 per cent

Skipton has cut the rate on its variable rate mortgage to 6.89 per cent.This will bring the 3-year discount down to 3.89 per cent in the first year for loans up to 75 per cent LTV and 4.89 per cent for loans up to 95 per cent LTV.Borrowers can repay up to 10 per cent […]

Baillie Gifford launches life office

Baillie Gifford is launching a life office to capitalise on the move to defined contribution schemes in the pensions market.It is the first fund manager to set up a life operation since publication of the Treasury paper on Lifelong Individual Savings Accounts, which is expected to accelerate the trend towards DC plans.Baillie Gifford Life will […]

National Mutual improves single contribution contract

National Mutual has improved its single contribution contract to co-incide with the end of the tax year.It has removed the £50 charge installation charge for contributions over £5000.Single contributors of over £100,000 or more will now be allocated at 99 per cent up from 98.5 per cent, assuming maximum initial commission is taken.Both improvements apply […]

Welfare Reform and Pensions Bill to be debated this week

The House of Commons will debate the Welfare Reform and Pensions Bill on Tuesday this week.The bill is expected to complete its passage through Parliament by July and its provisions will come into force from Autumn 2000.Under the bill, pensions sharing will be possible but not compulsory and it will still be possible to offset […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment