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Lloyds TSB ditches endowments

Lloyd&#39s TSB is joining other high street lenders by ditching endowment mortgages.

From Thursday its interest-only endowment mortgages will be pulled following the withdrawal from the market by Nationwide, Halifax, HSBC and Barclays.

Lloyd&#39s TSB says its endowments are being axed after forecasts of continued low interest rates and a decline in sales of the controversial policies.

Lloyd&#39s TSB head of marketing Malcolm Sykes says: “Sales of endowments have fallen and there is now less of a case for this product for new customers.”


Zurich tight-lipped on R&SA bid

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Fears over Jupiter fund

Several leading investment IFAs are to suspend recommending Jupiter&#39s Income Trust in the wake of star manager William Littlewood&#39s decision to take a sabbatical.They say they are “unsettled” by the announcement and are not convinced Littlewood will return at the end of March. The timing of the announcement has also surprised many in the industry […]

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Blunkett calls banks to help poor financial planning

The Government is stepping up pressure on banks to help poor families manage their money.In a speech to the Chartered Institute of Bankers, education and employment secretary David Blunkett is set to ask banks to support initiatives to combat poor financial planning.Blunkett is also expected to call for more support for the Money Advice Trust, […]


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