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Citibank – Citibank Accumulator

Thursday, 12th October 2000.

Type: Monthly interest savings account.

Minimum-maximum investment: Minimum £5,000, no maximum.

Interest rates: 6.5 per cent gross.

Term: None.

Offer period: Until further notice.

Withdrawal penalties: None.

Tel: 0800 008900.


Cofunds&#39 cost set to reach £40m

Cofunds is to cost its four founders more than £40m, according to Threadneedle deputy chairman and Autif chairman Alan Ainsworth.The IFA fund supermarket, which is due to launch later this year, is set to cost the four founders, Threadneedle, Gartmore, Jupiter and M&G, at least twice as much as their original investment of £20m.Ainsworth says […]

PIA board fights in IFAs&#39 corner with vote for polarisation

While its parent regulator, the FSA, dithers and delays its decision on polarisation, IFAs have found an unexpected ally in the PIA board. Following an invitation from the FSA to comment on the misguided London Economics report, the PIA board has given a full and clear endorsement of polarisation.How refreshing that someone over at Docklands […]

Poles Apart

10 QUESTIONS THAT DEMAND ANSWERS1: What benefits can multi-ties, product ties, white labelling or dep-olarising stakeholder products bring to consumers which the current system fails to deliver?2: How much will any change cost to implement, who will pay for this change and by what method?3: What possible changes to stakeholder and Isas could be made […]

Ombudsman clarifying approach on endowment complaints

The Financial Ombudsman Service is aiming to streamline the way mortgage endowment disputes are resolved.It is publishing a briefing note for IFAs and product providers clarifying the approach it will take in dealing with endowment-related complaints.Circumstances where the ombudsman will consider a complaint will be explained. It is hoped the move will allow many claims […]


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