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Leeds launches new postal bond paying 5.00 per cent

Leeds Building Society is launching a 2-year fixed rate postal bond paying a return of 5.00 per cent.

It was available from December 28, 2005 and will allow instant access to all the funds without notice, giving a guaranteed rate of 4.00 per cent.

Leeds product development manager Stuart Fearn says: “This postal bond offers an unusual combination of a guaranteed return of 5.00 per cent with the flexibility of access to all the funds, if required, at a slightly lower rate.

“From the outset, customers have the peace of mind provided by a product that gives rate guarantees. Therefore, with or without access, customers know they will receive a highly competitive return.”


Clash of the giants over outsourcing

The New Year ushers in a clash of the titans scenario with outsourcing giants Vertex and Capita going head to head in a fight to deliver administration, outsourcing and elect- ronic services to advisers. The main battleground for the portals will be in delivering multi-tie technology platforms. This was already in evidence towards the end […]

TUC to defend pension cuts

The TUC says it will fight pension cuts in companies that can afford to fund deficits, have taken contribution holidays or who allow directors to continue with the same benefits.In response to the recent closure of Rentokil’s final salary scheme to future accrual for current staff, as well as proposed scheme changes at Co-op and […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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