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L&H fixes for two years at 3.99%

Leeds & Holbeck Building Society is offering a two-year 3.99 per cent fixed-rate mortgage designed for the intermediary channel. It is available up to 90 per cent loan to value and offers a free valuation.

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&#39Nothing done to encourage saving&#39

The Conservatives and the Confederation of British Industry have accused Chancellor Gordon Brown of doing nothing in last week&#39s Budget to get people to save. Both Shadow Chancellor Michael Howard and CBI director general Digby Jones expressed grave concern about the state of UK savings at the ABI&#39s annual conference. Jones said one of his […]

Scrap the lifetime limit NAPF warns

The Government should scrap its proposed lifetime limit on pensions savings the National Association of Pension Funds has urged in its response to the Inland Revenue Taxation.The trade body generally welcomed the Revenue&#39s proposals saying they would remove the need for expensive advice before people would start saving in a pension.NAPF chief executive Christine Farnish […]

We don&#39t need any more simple products, says Smee

The Treasury&#39s creation of a range of simple products is unnecessary because products satisfying the needs identified by Ron Sandler are already offered by National Savings & Investments, according to Aifa director general Paul Smee. Smee said the Government&#39s exercise was futile because products already exist that are suitable for low to middle-earners who are […]

Breakdown in communications

You know times are tough in the offshore industry when they start scaling back on basic telecomms. The Diary understands that Scottish Equitable International&#39s marketing department is down to one mobile phone between them – but it could have been worse without the selfless efforts of product marketing manager Steve Whalley, who spurned the chance […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]

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