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Genesis offer discount on Sapphire

Genesis Home Loans self-cert SVR

Type: Self-cert SVR

Fixed rate: 6.49 per cent

Discount: 1.25 per cent

Discounted term: One year

Maximum loan: 80 per cent to £250,000, 65 per cent to £400,000

Income multiples: 3.75 times principal income or 3.25 joint

Conditions: None

Rates: SVR plus two per cent for life

Redemption fees: £95 plus five per cent in year one, four percent in year two, and three per cent in year four. £95 thereafter.

Commission: One per cent plus £500 (£50,000), max £4,000 (£400,000)


Friends thinks positive as new business falls

Friends Provident new business fell by 2.5 per cent to £343m in 2001 from £352m in 2000.But the life company claimed the figures were positive because the 2000 figures partly reflected big volumes of single-premium investment business written in anticipation of possible demutualisation benefits.Friends Provident&#39s new life and pension business increased by 10 per cent […]

Alison O&#39Connell

Lives: Southwark.Born: 1963.Education: Stroud Girls High School,St Catharine&#39s College, Cambridge.Career: 1985-89 product development actuary Mercantile & General Reinsurance, 1989-91 consultant at William M Mercer, 1991-97 senior engagement manager McKinsey & Co, 1997-2000 self-employed consultant, 2000-01 head of strategy at Swiss Re.Career ambition: To contribute to making the pensions&#39 framework more easily understood and a more […]

Friends gains Standards accreditation

Friends Provident has become the latest company to gain accreditation under the Pensions Protection Investments Accreditation Board&#39s Raising Standards scheme. PPIAB says the move means that one-third of the pensions, life and long-term savings market has now gained accreditation. It hopes this figure will hit 50 per cent by the end of the year. Among […]

Domestic science

Predicting the future is always a tricky business, never more so than when looking at the Japanese market and economy, which is struggling with deflation, rising unemployment, insolvent banks, sliding corporate confidence and now recession.The effect of September 11 on the Japanese market has mirrored that on Wall Street as the Nikkei tends to rise […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]


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