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Derbyshire (Isle of Man) launches new account for ex-pats

The Derbyshire (Isle of Man) is launching an interest accumulator account for British residents looking to move away.

The account has been designed for clients expecting their UK taxation obligations to change at a future date, as a result of moving to Europe, offering control over the date which interest is payable, therefore when tax liability is due.

Interest is calculated and accrued daily but will be paid out on the day you close the account, which must be held for at least two years.

The account has four tiers and variable rates up to 4.60
per cent on deposits over 100,000.

The account requires a minimum balance of 10,000 and a maximum of 2m, and is only available in Sterling, with a minimum transaction of 100.


Skipton launches double asset bond

Skipton Building Society has established the double asset bond 2, a product which combines a FTSE-100 linked guaranteed equity bond with a one-year fixed-rate savings account.

Lenders see an increase in enquiries after base rate cut

The Bank of England’s base rate cut from 4.75 to 4.5 per cent has boosted new enquiries, say Mortgages plc and TFC Homeloans. TFC head of products Simon Snape says there are early signs that the housing market is being stimulated by the cut. He says: “We have experienced a noticeable upturn in new business […]

Collegiate sets up A-Day seminars

Collegiate is holding a seminar on the potential risks and rewards presented by A-day at the Aztec Hotel in Bristol on 29 September 2005. A second Collegiate seminar looking at A-day and tools to establish clients’ attitude to risk and selection of appropriate products will take place in the National Motorcycle Museum Birmingham on 26th […]

Dinner leaves a nasty taste

Scottish Widows Investment Partnership manages about 87.5bn worth of funds. You would think it could pay for a few hot dinners but at a dinner for hacks during the Edinburgh Festival weekend, Swip forgot to pay the bill, leaving a separate Scottish Widows party with the tab. Widows’ Paula Sutherland dutifully pulled out her credit […]


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