View more on these topics

Coles claims best-buy tables pervert market

Coles said lenders that “play fair” lose business to providers that cater products specifically with best-buy tables in mind, even though the loans they offer are often more exp-ensive in the long run.

He warned banks and building societies not to leave themselves open to allegations of foul play as consumers become increasingly aware that there is always some other way they will pay.

If providers continue to “act in an inappropriate manner”, Coles said much valued and hard-won brand names could gradually diminish over time.

He said: “Banks and building societies should be careful not to design products just with the aim of coming top of best-buy tables. They need to look at the long term, they cannot continue to offer products like this. ”

Analysis, p9


Online information from RJ Temple

National IFA RJ Temple is launching a website which it says is designed to help consumers manage their finances and gain information rather than buy products.Visitors to can access comparative information and a free online investment valuation facility covering a range of funds.RJ Temple says online financial calculators allow people to estimate their mortgage […]

Current accounts are consumers&#39 favourite product

Consumers say current accounts, mortgages, home insurance and credit cards are the most popular financial services products, according to research by Morgan Stanley&#39s Consumer Banking Group. Of 1,000 consumers asked, 28 per cent said a current account was the financial services product most important, with mortgages most important to 19 per cent and contents insurance […]

Scottish Equitable International – Government Bond Fund

Tuesday, 22 May 2001.Type: Offshore life fund.Aim: Growth by investing in UK government bonds.Minimum investment: £15,000.Place of registration: Luxemburg.Investment split: 100 per cent in UK government bonds.Isa link: No.Charges: Annual 1 per cent.Commission: Initial 5.25 per cent.Tel: 0131 339 9191.

Norwich Union tailors its stakeholder pension

Norwich Union now has a broad spread of stakeholder pensions with the introduction of Designer Pension @ Norwich Union.Aimed at medium to large employers, Designer Pension is a group stakeholder pension that can be tailored to the needs of the employer.Charges can vary from 0.5 per cent to 1 per cent, depending on the number […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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