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Houses prices up by 0.4% in November

House prices rose by 0.4 per cent in November, according to the Hometrack monthly survey. The average house cost £146,500, up from £145,900 in October. The highest house price rises occurred in Cumbria at 1.5 per cent, North London at 1.1 per cent, Hereford and Worcester at 0.9 per cent and mid-Wales at 0.9 per cent. No counties saw falls but the Isle of Wight and Wiltshire reported no change.


Group therapy

Changes in the group pension market in recent years can probably best be described as traumatic. The emergence of stakeholder pensions complete with price caps and the decline of final-salary business have dramatically increased activity in this area. Vast numbers of schemes have changed the type of product and the provider. Commission levels have been […]

L&G enhances group life assurance for partnerships

Legal & General has improved its partners&#39 group life assurance policy to take advantage of changes to chargeable event rules that have come in as part of the Finance Act 2003. The change means most policies now fall outside these rules, eliminating any potential taxable gain that can arise on the second and subsequent death […]

Test of strength

In a previous article on wrap accounts, I mentioned the importance of the asset allocation process when advising clients. 7IM marketing director Justin Urquhart Stewart was quoted earlier this month as stating that it was so important that it was “not negotiable”. What, then, are we to make of with-profits investment as an asset class? […]

Liverpool Victoria – With-Profits Income Bond

Type: With-profits bond Aim: Income by investing in equities, corporate bonds and propertyMinimum investment: Lump sum £10,000 Bonus rate: 4.25% Investment split: 30% equities, 30% corporate bonds, 40% property Allocation rates: £10,000-£49,999 &#45100%, £50,000-£99,999 &#45 125%, £100,000-£500,000 &#45 100.5% Charges: 0.085% a month management charge for first five years Commission: Subject to negotiation Tel: 0845 […]


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