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IFAs increase share of life protection market

New sales of life assurance policies increased by 25 per cent to 1.37m in 2000 from 1.1m in 1999, according to figures published by Swiss Re Life & Health.

IFAs increased their share of the life protection market to 40 per cent in 2000 from 32 per cent in 1999.

Swiss Re Life & Health UK technical manager Ron Wheatcroft says: “Last year IFA sales were disappointing but it is good to see that the market has now reacted to the very good deals which are available.”


Discount deals by Exclusive

Exclusive Connections is offering two discount-rate loans for the buy-to-let and residential markets.The buy-to-let loan, funded by Mortgage Express, offers a 1.25 per cent discount for two years. Borrower can make overpayments, underpayments and payment holidays.The standard variable rate on the loan is currently 6.75 per cent for loans up to 75 per cent loan […]

Man Investment Products – Man-IP 220 Plus (Series 3)

Thursday, 24 May 2001.Type: Offshore bond.Aim: Growth by investing in futures and hedge funds.Minimum investment: $50,000 or Euros 50,000.Place of registration: Bermuda.Investment split: 100 per cent in futures and hedge funds.Yield: US dollar 18-20 per cent, Euro 17-19 per cent.Isa link: No.Charges: Annual 3 per cent.Commission: Subject to negotiation.Tel: 0041 554153636.

FSA publishes credit union compensation proposals

The FSA is publishing details of proposed arrangements for compensation of credit union members.The proposals, designed to deal with the fallout in the event of the failure of a credit union, are set out in Consultation Paper 94 – Credit unions: Consumer Compensation and Consumer Complaints.FSA credit unions regulation head says: “A sound and effective […]

Sun Bank goes halves on flexibility

Sun Bank has designed fix & flex, a flexible mortgage that allows borrowers to split their repayments between a fixed rate and a variable rate.The mortgage is available for loans of up to 90 per cent of valuation. Under the fixed rate component, which is stepped over two years, borrowers pay 4.74 per cent until […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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