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Davies says no to Equitable Life inquiry

FSA chairman and chief executive Sir Howard Davies has ruled out an immediate inquiry into Equitable Life, saying the immediate priority is to focus on the needs of policyholders.

Davies says he especially wants to focus on those policyholders with a cooling off period extended to December 22.

Saying the FSA expected there to be a buyer right up until Friday when the announcement Equitable was closing its doors to new business, Davies says the move was the only option left on the table for the company.


Nationwide launches ISA

Nationwide Building Society is launching a Tessa Maturity Isa in the new year. The Catmarked Isa gives savers with matured Tessa funds the chance to re-invest their money in a tax-free account with instant access. The new Isa offers an interest rate of 6.55 per cent per annum and is available to anyone with a […]

Prediction of soft landing is not just crystal ball gazing

The news that Fed chairman Alan Greenspan believes the US economy will have a soft landing could not have come at a better time. Investment IFAs and fund managers were just beginning to voice concerns about clients getting jittery about the current state of markets worldwide. Greenspan has reassured the market that the Fed is […]

Changing of the disregard

Contributing towards the cost of long-term care is an issue that has been in the news for some time now. It affects or potentially affects a significant number of people in the UK and, as a result, should be of considerable interest to financial advisers. The process dictates that the State (via the local authority) […]

Norwich & Peterborough – Spanish Fixed Rate Mortgage

Wednesday, 13th December 2000.Fixed term: Five years.Fixed rate: 6.99 per cent.Minimum loan: £25,000.Maximum loan: Up to 65 per cent of valuation subject to no maximum.Income multiples: 2.5 times principal income plus second.Arrangement fee: £225.Redemption fee: Six months&#39 interest on amount repaid in first five years.Conditions: For properties on the Costa Del Sol.Introducer&#39s fee: None.Tel: 01733 […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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