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Halifax IF bank launches internet service

Halifax’s online bank Intelligent Finance bank has launched its long awaited internet service.

It has built up 50,000 accounts since opening at the end of September and has approved £500m of mortgages.

It also says it is adding 6000 current accounts, credit card and personal loan accounts every week.

Half the business has come from intermediaries and 90 percent of customers are from outside the group.

IF chief executive Jim Spowart says "We are delivering what the customer wants, exceptional telenet banking value. We’ve got off to a really good start and the launch of our internet service shows we will continue to go from strength to strength."


Closing in on property

Closing in on property Close Brothers Capital Appreciation Trust Type: Open ended investment company. Aim: Growth by investing in residential retirement property in the UK. Minimum investment: Lump sum £5,000. Place of registration: Guernsey. Investment split: 33 per cent London & South East, 20 per cent North West & West Midlands, 18 per cent East, […]

CII to add more AFPC tests

The Chartered Insurance Institute is introducing two new Advanced Financial Planning Certificate exams for people wanting to progress from the FPC or improve their existing AFPC passes. The two exams, Retirement Options and Pension Investment Options, will be introduced next year and both need to be passed to qualify for full AFPC creditation. CII director […]

Edinburgh Fund Managers – Dealing Service For Children

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R&SA announces stakeholder strategy

Royal & Sun Alliance has announced details of its strategy for stakeholder pensions with an AMC as low as 0.4 per cent for larger investments. The life office has hooked up with consultancy CTC Townsend to offer the new stakeholders. It says the new plans will allow for commission payments to IFAs to be built […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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