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Leeds & Holbeck Building Society launches base rate tracker

Leeds & Holbeck Building Society has launched a Base Rate Tracker mortgage which guarantees to mirror the Bank of England&#39s base rate for three years.

The current rate of 5 per cent is also guaranteed to change within 24 hours of any fall in the BoE&#39s base rate.

It is available on loans up to 95 per cent loan to value. There are no early redemption penalties.

There is a £295 application fee and a 0.24 per cent loading on the rate if the Society&#39s home insurance is not taken out.


Bradford & Bingley&#39s conversion could kill the mutual sector

The Treasury Select Committee inquiry into mutuality has been warned Bradford & Bingley&#39s proposed conversion will kill the mutual building society sector.Loughborough University professor of money and banking David Llewellyn warned the Committee investigating demutualisation the building society sector will be plunged into chaos and will not be able to compete with plcs if B&B […]

Forum to discuss product development

Income Drawdown Advisory Bureau director Ronnie Lymburn is set to chair an annuities forum on July 8 aimed at product developers.The forum will discuss how future products can beat the limitations of annuities by providing sufficient income in the current low interest rate environment.Among the subjects to be discussed are strategies for product development currently […]

PIA fines Sussex IFA

The Personal Investment Authority has fined Sussex IFA Horsham Financial Services £15,000 for compliance failings over its pensions review.The disciplinary action was taken after the firm failed to take reasonable steps to carry out a review of its previous pension transfers and opt-out business and maintain adequate records of its pensions review.

Money Marketing gives evidence to Treasury select committee

Money Marketing has today appeared before the Treasury select committee inquiry into mutuality.Money Marketing editor Stephen McDowell urged the Committee to ask Bradford & Bingley chief executive Christopher Rodrigues who is giving evidence next week, how much money he will receive if the society converts.Money Marketing also provided the select committee with a background to […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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