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Cumberland Building Society – Mortgage Portfolio Update

Cumberland Building Society – Mortgage Portfolio Update

Update: 3-Year Tracker Homemovers mortgage to 75% LTV reduced to 1.89% above the base rate from 2.09% above the base rate, 3-Year Tracker Remortgage to 75% LTV reduced to 2.09% above the base from 2.29% above the base rate, fees for all three-year trackers reduced to £495 from £795, 5-Year Tracker Homemovers mortgage to 75% LTV  reduced to 2.29% above the base rate from 2.49% above the base rate, 5-Year Tracker Remortgage to 75% reduced to 2.49% above the base rate from 2.69% above the base rate, Offset mortgage up to 75% LTV reduced to 2.69% above the base rate from 2.79% above the base rate




Matrix cleans up

Matrix Group is raising up to £25m through a linked offer for shares in the Matrix clean energy VCT 1 and Matrix clean energy VCT 2.

Architas to launch three more passive funds of funds

Architas, the multi-manager division of Axa, has said it will add three more passive funds of funds to its existing range. The timescale for the launches is unconfirmed, but the aim is to deliver a larger range of funds to investors. Architas currently has three passive multi manager funds, launched in November 2008, which carry […]

Draft code for Guernsey Qrops launched

Guernsey Association of Pension Providers has launched a draft code of practice on Qualified Registered Overseas Pension Schemes, which aims to clarify what is allowed under the scheme. GAPP Code of Practice Group chair Roger Berry says the code will make sure people using Qrops schemes from Guernsey know what is permissible under HMRC’s regulations. […]

Global cause

While many managers talk of rising shareholder distributions in the US, Europe or even in China, they are not the only sources of growing dividends. In fact, some of the high- yielding countries are rarely mentioned, namely places such as Australia, Canada and Brazil. The highest country allocations in the £811m M&G global dividend fund, […]


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