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IF to pass on full mortgage rate cut on December 5

Intelligent Finance is passing on the full 0.5 per cent Bank of England base rate cut to its mortgage customers.

IF&#39s initial discounted mortgage rate will be reduced to 3.35 per cent from 3.85 per cent from December 5. Its standard variable rate will reduce from 5.35 per cent to 4.85 per cent.

IF chief executive Jim Spowart says: “This is another shot in the arm for consumers. If other lenders follow suit and pass on the full benefits of this latest cut, consumers will get a substantial boost.”


UK and Euroland rates cut by 0.5 per cent

The Bank of England has cut its base rate by 0.5 per cent to 4 per cent, its seventh cut this year, bringing rates to their lowest level for 37 years.The European Central Bank also cut rates by 0.5 per cent to 3.25 per cent.

Acrobat on top form

It is quite rare for software to get to the stage where you can say it is truly ubiquitous. In most things there is at least an alternative.If you do not want to use Microsoft Office you can use Lotus Smartsuite or Sun&#39s Star Office. If you do not want to use Internet Explorer you […]

Axa boosts marketing team

Axa Sun Life has made three senior appointments to its marketing team.Mark Hanson joins as head of knowledge management from Centrica where he was head of customer intelligence. He will be developing customer relationship management.Andreas Wasmuht will become head of e-commerce marketing. He joins from Lloyds TSB where he was head of e-marketing. John Wilcox […]

L&G adds Dresdner funds to its panel

Legal & General has added Dresdner RCM Global Inv-estors to its panel of external pension fund managers, add-ing two fund choices from its range.The Dresdner RCM exe-mpt global and UK equity funds will be available alongside L&G&#39s existing panel members Newton, Deutsche Asset Management, JP Mor-gan Fleming and SG Asset Management.L&G says the exempt glo-bal […]

Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]


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