View more on these topics

‘Inform savers when high headline rates end’

Nationwide is calling for changes to the banking code to ensure that savers are informed when introductory deals come to an end.

The building society says many introductory deals, often lasting between six and 12 months, offer rates up to 1 per cent higher than the ongoing rates when the deals expire.

The banking code is currently being independently reviewed and a response from the banking industry is expected this autumn.

Savings director Matthew Carter says: “On the face of it, these rates may look very attractive to savers looking for a good return on their money but beneath the surface they are often little more than a smokescreen hiding an account paying a lower rate of interest.

“A few weeks before an introductory deal coming to an end, savers should be told by their provider when they can expect to see a change in their interest rate, as well as details of the new rate they will receive.”


Buckles may track Snowdonia

Buckles is considering launching a range of structured products to track the same benchmarks as its multi-manager Snowdonia Oeic range.

IMLA members predict easing of high risk business volumes

IMLA has found that intermediary lenders expect to see an easing of business volumes in the higher risk categories of lending, while lower risk mortgage business will continue to grow.Self-certification business is expected to decline by around 2 per cent over the next quarter, while light, medium and heavy adverse volumes are predicted to ease […]

Premier MBO goes ahead

Senior managers at Premier Asset Management have pushed through their proposed management buyout at the second attempt.The team’s management buyout vehicle, Harvard Bidco, has announced that the offer is set to go wholly unconditional after it passed the required target of 75 per cent of shares to take the company private.Harvard initially met opposition to […]

Mispricing landed IFAs with bigger bill

The “Lautro 12” endowment mispricing debacle has resulted in many IFAs paying out too much compensation for mortgage endowment complaints, raising the possibility of financial redress for advisers, according to legal experts.Earlier this month, Money Marketing revealed that the Information Commissioner has told the FSA to reveal the names of the 12 endowment providers it […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. 4cyTPv lqnlkbezwemf, [url=]ibvjgfijqewf[/url], [link=]okuxotihfhaa[/link],

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm