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Commonwealth BoA to launch in Britain

Australia&#39s largest financial services firm, Commonwealth Bank of Australia, is to launch in Britain at the end of November.

Under the brand name NewWorld it will sell flexible mortgage products over the telephone, through the internet and eventually through mortgage brokers.

Commonwealth Bank is setting its standard variable rate at 6.99 per cent with borrowers able to make repayments weekly or fortnightly and interest calculated daily rather than yearly.


SLI bonds with bonus

Scottish Life International has designed its protected with bonus bond as an alternative to with-profits bonds.The protected with bonus bond is aimed at cautious investors who are looking for a steady rate of growth and who do not want to invest in with-profits bonds. It could also be suitable for building society investors who are […]

Menu for all tastes

Flexibility is the new buzzword in employee benefits as providers and IFAs realise that benefits are particularly effective when they can be suitedto the different needs of different employees.For many years, the UK labour market was characterised by a nine-to-five culture and a regimented culture where ascending the corporate ladder was as much about serving […]

Platform moves house

Non-conforming lender Platform Home Loans is relocating from London&#39s docklands to West Malling in Kent ahead of a planned expansion.

Legal & General plug into technology

Legal & General is jumping on the technology bandwagon with its global technology unit trust.Aimed at experienced investors who are looking for exposure to the technology market, the trust will track the FTSE all world technology index. The FTSE all world technology index consists of 175 companies based all over the world and includes companies […]


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