Egg is revamping the online service it provides its customers.
The service will provide customers with up-to-date information about their savings accounts and will allow them to transfer money to and from other accounts.
The site has had 300,000 visitors since its launch in mid October.
William M Mercer says that employers will have to redesign their company pension schemes if the Government's state second pension scheme goes ahead.The pension consultant and IFA says the second scheme will deliver higher benefits to lower earners and force companies to revamp occupational schemes to make them more attractive.Senior consultant Harvie Brown says: "In […]
Halifax is spending £1.8m on a television advertising campaign to promote its range of tax free savings products.The main aim of the campaign is to increase the profile of its Individual Savings Account range which will be available from April 6.The bank says the campaign has been designed to raise awareness among its customers of […]
Funds under management in Guernsey picked up in the last quarter of 1998 following falls in the second and third quarter.In the last quarter, the value of assets under management increased by just under £1bn, an increase of 6.6 per cent to reach £15.7bn.The total number of funds reached 393. Guernsey says that 33 other […]
Skipton has posted record results with pre-tax profits up 8 per cent to £40.1m.Group gross mortgage lending was up 22 per cent to £842.7m and assets increased 16 per cent to £4,377m. Skipton chief executive John Goodfellow says: "The market within which we operate is becoming ever more competitive and this is reflected in the […]
In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]
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The FCA has warned claims management companies to raise their advertising standards and ensure their promotions “do not mislead” potential customers as a review found widespread “poor practice”. The watchdog began regulating the claims management industry from 1 April this year. Since it took on the responsibilities of the Claims Management Regulator, the FCA has reviewed more […]
The Financial Services Compensation Scheme’s handling of its investigation into London Capital and Finance has been called into question by the marketing firm used by the collapsed mini-bond provider. The lifeboat fund has been accused of not directly requesting the call recordings between Surge’s employees and investors ahead of its assessment to determine if “advice” […]
The surge in defined benefit transfer activity best explains the FCA’s proposed ban on contingent charging investment platform, AJ Bell says. A Freedom of Information Act request by the firm reveals how increased transfer values drove activity after the pension freedoms. Average transfer values increased from a low of £258,109 in the six months immediately […]
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