View more on these topics

Credit card helps fund college fees

Affinity marketing group iPledge is in talks with IFA networks over the distribution of a credit card that puts a 0.8 per cent cash rebate into a savings account to pay for children&#39s university fees.

iPledge is promising cash to IFAs who distribute the Lloyds TSB Accucard credit card, which has a 15.9 per cent variable headline interest rate.

Rebated funds are channelled into a Bank of Scotland deposit account administered by Children&#39s Mutual, which pays 4.07 per cent interest.

The credit card is the first in a series of loyalty products that iPledge is planning for its affinity marketing project, which is based around long-term savings for university fees.

iPledge also intends to unveil mortgage and insurance products that will rebate into the university savings fund account.

The company is also in talks with eight of the UK&#39s top 10 companies on a project to offer cash rebates into the savings account instead of reward points.

Research from iPledge shows 39 per cent of parents believe that Government grants will pay for the whole of their children&#39s university education.

iPledge chairman Chris Davies says: “This product is very simple to sell and the basic message is rather than accrue reward points, why not save real money into an account for university fees?”

Recommended

Coventry offsets the pace

COVENTRY BUILDING SOCIETY Altogether Better Offset +0.75% Base Rate Tracker Type: Offset tracker mortgage Tracker term: Until May 31, 2009 Tracker rate: 0.75% above Bank of England Base Rate Payable rate: 5% Minimum loan: £1 Maximum loan: Up to 95% of valuation subject to a maximum of £500,000 Income multiples: Based on affordability calculation and […]

New Star passes £2bn in retail sales

New Star has attracted more than £2bn gross into its retail funds since launch in July 2001. The group&#39s retail funds under management now stand at £4.7bn.Managing director Mark Skinner says: “To have attracted this sum of money during the past three years of difficult market conditions is a significant achievement for New Star and […]

Alliance & Leicester makes tracks

ALLIANCE & LEICESTER 10 Year Base Rate Tracker &#45 Standard Package Type:Tracker mortgage Tracker term: 10 years Tracker rate: 0.99% above Bank of England base rate Payable rate: 5.24% Minimum loan: £25,000 Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of […]

Douglas Gardner

Thomson&#39s group chief executive Douglas Gardner is not a man who takes negativity lightly and nay-sayers are one of his pet hates. “If you&#39re going to take a can&#39t-do attitude with me, then you had better have a very good reason for it,” he says, showing his disdain for an attitude he believes has done […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com