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Investec backing Unity relaunch

Unity Homeloans will continue to be funded by Investec when it relaunches its sub-prime product range. Unity chief executive Paul Thomas, who has been seconded from Investec as a replacement to former ceo Ian Nelson, says the firm is working on its next securitisation issue and new range of products.

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Strait to the point

Instead of taking it easy on the bank holiday weekend, two employees of Investec Asset Management decided to swim from Europe to Africa across the Straits of Gibraltar.Nick Marshall and Werner Gey van Pittius tackled the 14km Straits but strong currents meant the duo had to swim 20km while dangers included sharks, hypothermia and tankers […]

Two-year fixes dip below bas rate

Up to one in 10 of the most competitive two-year fixedrate deals are now below the Bank of England base rate with the return of 4.99 per cent mortgage offers, says online broker mform.co.uk.

Ecology Building Society to pay introducer fees

Ecology Building Society has announced that it will pay introducer fees on all introduced new residential mortgage business with immediate effect.The fees are 0.35 per cent of the loan value (minimum £300 – maximum £1,000) and are payable upon completion. The fees are payable on all new residential owner occupier Standard Variable Rate mortgages and […]

Increase in female resignations in pensions sector

More women resigned from the pension sector in 2006 than the previous year according to the Chartered Management Institute and Remuneration Economics.The institute suggests the gender pay gap may have contributed to the rise in resignations. Women in the sector saw a 5.5 per cent increase in pay while men saw a rise of 5.7 […]

Inheritance tax and estate planning – exemptions and reliefs

By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner.   Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]

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