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Chirrey joins BAM fixed-interest team

Britannic Asset Management has appointed Jennifer Chirrey as an investment manager in its fixed-interest team from Abbey National Asset Managers.

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Virgin buys final 50 per cent of Virgin Money

Virgin has purchased the remaining 50 per cent share in Virgin Money Group, paying £90m for the joint venture it set up with investment management group HHG. HHG, the listed company which comprises the UK businesses formerly owned by Australian giant AMP, will receive £50m now and two further instalments of £20m after 12 and […]

Product matters

If the letter I received from Skandia giving details of its new enhanced allocation bond was dated April 1 I would have been in stitches. The terms of its new enhanced allocation bond has everything that a compliance team fears – a “too good to be true” allocation rate of 120 per cent, followed by […]

Woolwich and Barclays link to offer guaranteed lifetime tracker loan

Woolwich and Barclays will be jointly offering a guaranteed lifetime tracker mortgage by the end of the month. The loan will allow borrowers to track the base rate plus 0.04 per cent for two years and then change to a guaranteed lifetime tracker of 0.95 per cent above the rate. Monthly payments on a 25-year […]

Tories look to Lords on annuities

The Conservatives will take their plea for annuity reform to the House of Lords if their bid to bring an end to compulsory annuities fails in the House of Commons this week. The Pensions Bill reaches the final stages of committee this week and Shadow pensions minister Nigel Waterson says he intends to table an […]

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