View more on these topics

Co-operative Bank to increase SVR by 0.5%

The Co-operative Bank is to increase its standard variable rate by 0.5 per cent from 4.24 per cent to 4.74 per cent.

The change will take effect from May 1 and Co-op says customers can switch onto any product in its current range, should they meet the criteria.

For those with an LTV of 90 per cent or more, the lender will allow them to a five-year fixed rate on the same rate they are currently on without having to pay any additional fees.

Co-op says customers will pay £15 a month more on average and it says it is currently contacting its customers to let them know.

The lender says the change was brought about due to “changing conditions in the mortgage market and the increased cost of funding”.

In March, Clydesdale and Yorkshire Banks announced their SVRs would increase from from 4.59 per cent to 4.95 per cent from May 1. That same month, Halifax announced it would increase its SVR from 3.49 per cent to 3.99 per cent from May 1 and Bank of Ireland announced its SVR would increase in two stages to 4.49 per cent from 2.99 per cent by September.


MPs accuse Treasury of failing on mutuals

MPs are pressing the Government to set out how it intends to meet the coalition agreement’s commitment to “promote mutuals and foster diversity” in financial services. In July, the all-party Parliamentary group for building societies and financial mutuals published a report calling on the Government to say how it will deliver on the pledge. Almost […]

Tony Wickenden: Trading places

Last week I published a few Faqs, asked of Peter Rayney of PR Tax Consulting, in relation to the possible impact of cash on deposit and actively invested funds on entrepreneurs’ relief. Well, I would like to start this week with a little case study to bring out the challenges – there is nothing like […]

Analysis: Insurers secure rethink on matching premium

Insurers have secured a last-ditch amendment to Solvency II rules which could prevent a 20 per cent drop in annuity rates, although concerns remain about its implementation. There has been concern that measures put forward by the European Parliament’s Econ committee would not contain reference to a so-called “matching premium”. The Association of British Insurers […]

DWP: DB pension payouts to peak in 2012

Defined-benefit pension payouts will peak this year as the Government prepares to automatically enrol millions of workers into defined-contribution schemes. Research from the Department for Work and Pensions reveals the average DB pension in payment will reach £7,100 a year, the highest ever level, towards the end of 2012. The Government expects this figure to […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm