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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 at 11 per cent.

Amongst those earning over £40,000 a year, 30 per cent saw their mortgage as their most important financal product.


Scarborough steps & flexes

Scottish Equitable International has introduced the UK corporate bond fund.Aimed at cautious investors, the Luxembourg-based fund will invest in UK corporate bond funds that have been awarded investment grade credit ratings of between BBB and AAA by credit reference agencies such as Standard & Poor’s and Moody’s. Some of the 60 companies that the fund […]

Principality goes for discount

Principality Building Society is stepping lower with the introduction of the stepped rate discount mortgage.Aimed at first time buyers and people looking to remortgage, the mortgage has an initial discount of 2.66 per cent for the first year of the loan, giving it a payable rate of 3.79 per cent for loans of up to […]

Is stakeholder a conspiracy against its target market?

I refer to the article concerning stakeholder in the May 3 issue of Money Marketing. Before addressing the article itself, which in my view entirely misses the point, I would like to make one general comment concerning IFAs and their relationship with the press, which has often been reported as less than ideal.After reading this […]

Axe member resolutions, demands Nationwide

Resolutions put forward by building society members place “intolerable pressure” on the boards of mutuals and should be scrapped, says Nationwide chairman Charles Nunneley.Speaking last week at the Building Societies Association conference in Harrogate, Nunneley claimed it makes no sense in today&#39s environment to give customers stakes in mutuals when they can have- like Nationwide […]


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