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Ernie milking it

We learn this week that some 40 per cent of the British public own premium bonds as the concept reaches 50 years of existence, with some 32bn – for want of a better word – invested. Yet as we contemplate what the NS&I press office claims to be one of Britain’s most successful financial products, we can’t help thinking what a pity the 32bn was not invested in pensions. This might be a little more earnest than Ernie but arguably a better use of the money.


Advance thinking

What are the tax implications when beneficiaries agree to pay premiums under a trust held for their benefit?

Standard extending clawback on bonds

Standard Life is extending commission clawbacks on its investment bond range to cover partial surrenders of over 20 per cent in the first two years of the product. The new clawback structure applies to all capital investment, distribution and with-profits bonds taken out on or after November 1. Standard says the move is a response […]

Knight in warning to lenders on instant offers

GMAC chairman Stephen Knight believes lenders that fail to provide instant offers in future will see business wane. Knight predicts that ano-ther three or four lenders will have joined GMAC and Edeus by the end of next year in providing point of sale offers and brokers and packagers will get so used to Posos that […]

Crossed lines

Money Marketing likes to think of itself as a law-abiding title but it nearly caused a stir at Heathrow Airport this week after an ill-timed call to PMS managing director John Malone as he was going through security. Malone asked for the mortgage hack to call back later for fear of looking suspicious before going […]


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