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National Savings launches Tessa Isa

National Savings is launching a Tessa Isa for investors offering investors 5.75 per cent gross.

The Tessa Isa guarantees to pay an interest rate equal to or higher than the Bank of England&#39s base rate until April 2000.

The Tessa Isa is only available to savers with maturing Tessas.

The minimum investment is £10, with a maximum of £9,000. But this maximum is restricted to the amount previously held in the matured Tessa.


CTC launches stakeholder pension admin system

Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.The &#39e-stakeholder&#39 package is designed to cut down on needless paperwork and duplication of information.It can be used by anyone wishing to offer a stakeholder pension scheme, from insurance companies to trade unions and employers.The system provides […]

London house prices to soar

House prices in London could soar by 26 per cent over the next two years according to a report by the Centre for Economics and Business Research.The report says the buoyant housing market is being fuelled by the booming economy and rising salaries.In 1998 the CEBR predicted prices would rise by 40 per cent before […]

Yorkshire based IFA launches asset management arm

Yorkshire based IFA and general insurance broker RP Hodson is launching its own investment armRP Hodson Asset Management aims to offer investors a range of services from portfolio analysis to advisory management on collective investments such as unit trusts and offshore bonds.The firm has appointed Andrew Rattray to head up the firm as managing director […]

CGU cuts term rates

CGU LIfe is cutting its term assurance rates with effect from August 2.The rate cut to its level term and mortgage protection rates follows a review to ensure they are kept as low as possible.CGU IFA marketing and strategy manager John Enos says: &#34These latest reductions in our level term and mortgage protection rates secure […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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