View more on these topics

Moneystore joins Council of Mortgage Lenders

Money Store has fulfilled its one year trading requirement for sub-prime lenders and become a member of the of the Council of Mortgage Lenders.

The Money Store must now adhere to the CML&#39s July 1997 regulations and only accept mainstream mortgage business from intermediaries who have registered with the CML and have a mortgage registration code.

Money Store managing director Larry Wodarski says: &#34We have been supportive of CML&#39s efforts to curb excessive and sharp practice and are keen to ensure the non-traditional sub-prime market is recognised as a professional, customer-focused group offering competitive and fair mortgages.&#34


C&G halves minimum balance requirement for offshore funds

Cheltenham & Gloucester Channel Islands is to halve the minimum balance requirement from £10,000 to £5,000 on its offshore investment accounts on November 2.It will also reduce interest rates on all products by 0.25 per cent.Balances of £100,000 or more will now earn 7.5 per cent a year gross interest and tiers at £25,000 and […]

Midshires members to get £1,250 average windfall

Long-standing Birmingham Midshires members will receive an average windfall of £1,250 according to the Halifax.Birmingham Midshires chief executive Ian Kerr says that the aim of the scheme is produce a fair scheme which rewards member and customer loyalty.The building society is distributing £750m amongst members.

PepDirect removes up front commission fees for pensions

PepDirect parent Torquil Clark is launching a radical flat-fee pensions dealing service that waives up-front commission fees.PepDirect will deliver the service through its TQ Direct Choice arm. For a flat fee of £50 plus VAT it will set up a pension with one of a panel of vetted providers without charging any initial commission.The providers […]

Scot Life launches second tranch of income bonus bond

Scottish Life is introducing a second series of its Income Bonus Bond off the back of the first issue earlier this year which attracted more than £35m of investment.The five and a half year bond offers two options. It has a growth option that guarantees a return of capital plus growth of up to 150 […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment