View more on these topics

Mercantile cuts SVR

Mercantile Building Society is reducing its standard variable mortgage rate by 0.25 per cent to 6.64 per cent.

Mercantile is also launching a choice of discounted products, with a discount of 1.55 per cent to August 2004 or 1.4 per cent for 5 years for mortgages up to 75 per cent loan to value.

The lender is also offering a fixed rate of 5.49 per cent until October 2003 or 5.79 per cent until June 2005 for loans up to 80 per cent loan to value.


Inora Life gets dynamic again

Inora Life is introducing the second version of its dynamic income fund.Dynamic income 2 is an offshore insurance bond registered and managed in Dublin. Inora Life is hoping the fund will appeal to two types of investor; members of the British expatriate community and UK investors. Both types will be looking for a medium-risk investment […]

Close Property ACEs the property market

Close Brothers subsidiary Close Property Investment is building up its range of funds with the introduction of the active commercial estates (ACE) fund.As an offshore unit trust registered in the Isle of Man, ACE is aimed at two types of investor. These are high net worth investors and those who have self-invested pension plan or […]

Alliance trusts quit AITC over fees increase

The Alliance and Second Alliance investment trusts are to quit the AITC ina move which will cost the trade body more than £200,000 in annualmembership fees. The £1.78bn Alliance trust, the UK&#39s third-biggest investment trust,and the £600m Second Alliance trust are withdrawing from the tradebody over the extra 0.5 basis point of assets under management […]

Virgin demands robust rules on Omo

Virgin Direct is calling for the FSA to ensure proposals to force pensionfirms to highlight the open-market option are upfront and robust. Virgin isconcerned the regulator&#39s plans leave Omo disclosure at the discretion oflife offices. It wants to see the FSA demand standardised wording andprominent display in the relevant literature.

Image courtesy of Stuart Miles at

Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm