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Despair over regulation

I read about the City Financial Partners&#39 impending endowment review and shook my head with despair – but not surprise.

They blitzed their way through the industry as the Porchester Group, Merchant Investors and CFPL, misselling endowments and free-standing AVCs as they went.

Now they are working for other companies in the industry.

It is quite staggering in an industry of such heavy regulation that they can continue to practise day after day, setting up with a new company.

The PIA/FSA have a lot to answer to.

L Evans

The Regent Organisation,

London EC4


Stroud & Swindon strikes out with buy-to-let

Stroud & Swindon has introduced a buy-to-let mortgage offering a five-year discount on loans of up to 75 per cent of valuation.The buy-to-let flexible 2006 house purchase mortgage has a 1 per cent discount until July 1, 2006, giving a current payable rate of 6.49 per cent. It allows three properties to be bought within […]

Scottish Mutual takes the dual index highway for income

The Scottish Mutual income bond is taking a dual-index road to themarket.Created as a guaranteed income bond for investors who are lookingfor a product that gives them a choice between an income andgrowth, the bond will be linked to a basket of 30 stocks chosen fromtwo indices, the FTSE 100 and S&P 500.The 30 stocks […]

Leeds & Holbeck gets flexible

Leeds & Holbeck Building Society is getting flexible with its latest capped-rate mortgage.The mortgage is capped at 6.39 per cent for the first three years of the loan and has a discount of 1.4 per cent for the first six months. This gives it a current payable rate of 4.99 per cent.Called the flexible mortgage, […]

RSAIFS maintains its discretion

Royal & SunAlliance International Financial Services has designed a discretionary portfolio management service mainly for high net worth clients and trustees in the UK who are looking for offshore tax advantages.The global wealth portfolio is one of two new offshore investment portfolios introduced by RSAIFS that allow clients and their IFAs to appoint a stockbroker, […]


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