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Halifax offers advice on &#39spring cleaning&#39 finances

Halifax bank is urging people to “spring clean their finances” by

looking for better mortgage, insurance, savings, loan and pensions&#39


It advises borrowers to ensure that their mortgage repayments are

calculated on a daily interest basis as people can make substantial

savings by ensuring every penny paid to their loan immediately

reduces the amount owed andthe interest paid.

When it comes to life insurance, after checking that the cover is

enough to protect the whole fam-ily, Halifax advises trying to find

the most competitive price.

With pensions and inv-estments, it is urging people to save regularly

into a tax-efficient Isa and find out how much of a pension

they are likely to have to retire on.

Head of regulated sales Jo Dawson says: “Sorting out your finances is

an allencompassing exercise and people cannot afford to look at any

part of it in isolation.

“But the simplest way of getting the best deal is often by doing the

simple things. Have a look at your current account and

mortgage, check the rates you are paying on other borrowings and

assess what you are gett-ing for your money with investments.”


Dampier says Isa sales are dire

Hargreaves Lansdown bel-ieves stocks and shares Isa sales haveplummeted by as much as 80 per cent this season, with some fundmanagers suffering a 90 per cent slump in new business.Head of research Mark Dampier says war in Iraq, the three-year bearmarket and scandals in the structured product and split-capitalinvestment trust sectors have prompted almost all […]

Independent view

Turn the clock back 20 years to 1983. The year of the Falklands, theyear Prince William was born – and those were the days when mostpeople were on first-name terms with their bank or building societymanager.The clinical efficiency of telephone and online banking, for example,was the sort of concept imagined on Tomorrow&#39s World. A recent […]

ScotLife claims win over Virgin

Scottish Life International is claiming victory in its challenge toVirgin and SG Asset Management over whose fund would perform bestover five years.In 1998, SLI bet that its protected deposit bonus 95 fund wouldoutperform Vir-gin&#39s UK index-tracking fund and SGAM&#39s newly launchedUK growth fund, with the losing companies donating £6,000 to acharity of the winner&#39s choice.Despite […]

DBS fined for misleading ad

The FSA has fined Misys-owned network DBS Financial Management£100,000 for misleading advertising it says did not even “comeclose” to meeting FSA standardsThis is the FSA&#39s first fine for misleading advertising. It says itpenalised DBS for approving an ad for a “protected Isa” and failingto improve its advertising approval procedures between 2000 and 2001.Misys bought the […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]


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