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HSBC bank tops mortgage rate table

HSBC Bank offered the best value variable rate mortgage from any of the UK’s top 25 high street lenders over the last 12 months, according to Moneyfacts. Figures to September 30 show that a borrower with a typical £50,000 interest-only mortgage paid £496 less in interest than borrowers with Halifax and £80 less than customers of Nationwide. Moneyfacts mortgage editor Melanie Stewart says HSBC’s mortgage policy appeared to be aimed at looking after existing borrowers rather than chasing new business with headline rates.


A busy year ahead for the FSA

As N2 approaches, the industry is wondering aloud what this monolithic creation it is paying for will do to keep itself busy once its birthday celebrations are over.After all, FSA spokespersons are constantly espousing the new attitude towards regulation they plan to adopt which will see fewer company visits and a less prescriptive approach to […]

Deutsche goes for corporate bonds

Deutsche Asset Management Deutsche Corporate Bond + Fund Aim: Income by investing in investment and non-investment grade bonds. Minimum investment: Lump sum £1,000 class A shares, £500,000 class B shares, monthly £25 class A shares. Investment split: Investment grade bonds 80 per cent, non-investment grade bonds 20 per cent. Yield: 5.85 per cent. Isa link: […]

Sitting comfortably

Advising on phased retirement is second nature to many IFAs. But away from their clients&#39 pension and investment needs, what advisers do to ensure their own slow and comfortable passage into retirement is not always so clear-cut.The high average age of advisers and low capitalisation of firms has been a persistent concern, leaving IFAs in […]

Report criticises quality of wealth management

Many wealth management companies are failing to target the right customers, understand their needs or offer them the proper services, claims a report by IBM.The report, co-authored by Professor Merlin Stone and IBM, suggests that many wealth management firms are simply “window dressing” basic financial products.It claims firms are too often content to see wealth […]


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