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IF to increase savings rate

Intelligent Finance will increase its top rate for savings to 6.5 per cent from 6.25 per cent from January 16, 2001. The rate is for savings of £100,000 and over.

Savers who also have personal loans with IF can receive up to 10.5 per cent on their savings. IF believes that best buy tables should be restructured to take account of lending and borrowing together.

IF chief executive Jim Spowart says: “I continue to be confounded by the reluctance of the best buy tables to take account of the true value integrated banking offers to consumers.”


Click and choose

Despite an increasing number of dotcom failures, I have been enc ouraged to see solid evid ence in the last few weeks that the use of online financial services is still in the ascendancy. While there has been a down turn in demand for dotcom services involving tangible goods, intangible products such as financial services […]

Wesleyan announces returns for 2000

Wesleyan has announced positive returns for its growth trust, life managed fund and pensions managed fund. The Wesleyan Growth Trust has returned 4 per cent in 2000, against a Micropal average of minus 4.3 per cent, giving a ranking of 31st out of 290 funds. The Wesleyan Life Managed Fund returned 3.4 per cent over […]

IFA Portfolio GB launches online payment collection

IFA Portfolio GB has launched an online payment collection system for its agents with e-business provider, Ultraviolet. Under the new system IFAs and brokers will be able to make online credit and debit card transactions together with online direct debit collections. IFA Portfolio GB managing director Ted York says: “The Ultraviolet system will put our […]

Coffee to go at the new-look Abbey

Abbey National is linking up with retail brands Costa and the Carphone Warehouse to launch its first banking superstore in Croydon. The superstore will offer banking facilities and financial services and will demonstrate how customers can use internet technology to manage their money. As part of the initiative the Abbey is testing a new logo, […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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