Tuesday, 12th December 2000.
Type: Cash Isa.
Minimum investment: £1.
Maximum investment: £9,000.
Interest rate: 6.7 per cent gross a year.
Withdrawal penalty: None.
Tel: 0500 225777.
Tuesday, 12th December 2000.
Norwich & Peterborough Bui lding Society has set up a special fixed-rate mortgage for buying or remortgaging res idential pro perties on the Costa del Sol. N&P arm Spanish Home Loans is providing the mortgages to British expats for their main home, holiday prop erty or retirement residence on Spain's south coast. The mortgage is […]
The FSA has announced the appointment of the members of the External Mortgage Advisory Group which will advise the regulator during the consultation on the new regulatory regime for mortgages. The appointments include First Active chief executive Tony Ward and Halifax head of mortgages Phil Jenks.
The former Scottish Amicable heir apparent Gavin Stewart has been made redundant, with his responsibilities taken by Pru Intermediary staff, a move described by IFAs as an internal coup. But ScotAm's head of sales John Cowan will head up a joint Pru Intermediary and ScotAm salesforce if PIA approval is given for the mer ger […]
Product providers could be forced by the FSA to put the risk warnings traditionally hidden in the small print at the heart of financial product advertisements. The FSA says it is looking at the issue of risk warnings as part of its broader investigation into disclosure. Trade bodies, including the AITC, ABI and the LIA, […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]