Exclusive Mortgages Direct has launched a two-year capped-rate flexible mortgage.
The rate is capped until June 1, 2001 at 5.55 per cent for loans up to 95 per cent loan to value. The minimum loan is £25,000.
The product is funded by Bank of Ireland Mortgages and is available exclusively through EMD.
The procuration fee is £250, payable within 48 hours of completion.
Protection specialists Unum has pronounced its 'Independent Living' insurance a success story with over 6,000 policies sold.The contract launched in 1997 is designed to provide pensioners with cash lump sums in the event of breaking a bone or accidental death.The policies are sold through pension schemes at a set price of £4.95 regardless of age […]
Cater Allen Bank has cut the rate on its cash management account by 0.125 per cent.The move follows the recent decision by the Bank of England to reduce base rates by 0.25 per cent.The account has four interest rate tiers with the minimum balance of £5,000 earning 3.68 per cent gross, while investments in the […]
AP Information Services has published the 1999 edition of 'Pension Funds and their Advisers'.The guide covers over 2,250 pension funds and 800 advisers.The pocket sized directory, nicknamed 'the Blue Book' is also available on CD-Rom.The guide contains an alphabetical list of the major UK pension funds including most of the companies and organisations with more […]
Edinburgh Fund Managers is advising investors to put their cash in investment trusts to beat the cuts in advance corporation tax credits.The fund manager says investors should buy now because many shares in investment trusts are trading at a price below their true net asset value, enhancing the potential return.EFM points out its Dunedin Income […]
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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A weekly account of the curious goings-on in the world of financial services A hostile climateOn the same day the Prudential Regulation Authority put out a policy statement on the financial risks of climate change and five London landmarks were ground to a halt by climate protesters, it was starting to feel like a bit […]
Understanding the impact of cutting the dead wood Nothing sells funds like performance. Despite all the regulator’s railings that past performance is no guide to the future, we see flows being directed to the funds at the top of the league tables time and time again. There are, of course, far too many funds out […]
The Department for Work and Pensions has published its first round of guidance to help trustees resolve unequal guaranteed minimum pensions today. A GMP is the minimum pension that an occupational pension scheme, contracted out of the additional state pension between 6 April 1978 and 5 April 1997 on a salary-related basis, has to provide […]
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