View more on these topics

National Savings takes £1.06bn in November

Sales of National Savings products totalled £1.06bn in November 1998.


This brings the total invested in National Savings funds to £64.1bn, up £8.23bn on the beginning of the financial year.


The most popular products held by the agency&#39s 30 million customers are premium bonds, followed by income bonds and index-linked savings certificates.

Recommended

Friends Ivory & Sime buys L&M asset management divisions

Friends Ivory & Sime, a subsidiary of Friends&#39 Provident life office is buying the two asset management subsidiaries of the London and Manchester Group in a deal worth £40m.An initial £35m will be paid up front in the form of shares and a loan. The remaining £5m is payable on the achievement of revenue targets.Friends […]

NIRS II to cost £35m to £40m

The Department of Social Security has announced that the compensation bill for delays to occupational and personal pensions providers caused by computer system NIRS II will reach between £35m and £40m.The Government issued the figures in response to a question from Liberal Democrat Social Security spokesman David Rendel MP.Rendel condemns the additional costs.He says: &#34The […]

Cater Allen appoints new UK sales and marketing manager

Abbey National subsidiary Cater Allen Bank has appointed Gisele Michael as new UK sales and marketing manager.She will assist IFAs and intermediaries in the UK with their clients&#39 international banking needs.Cater Allen managing director David Robbie says: &#34We are delighted to welcome Gisele to the group. We have long felt the need to have a […]

Standard Life believed to have paid £30m on misselling

Standard Life is believed to have spent £30m in compensation to more than 5,000 priority victims hit by the pensions misselling scandal.The Edinburgh-based life office faces further payouts to 15,000 people as part of the second phase of the pensions review. It admits these payouts are likely to drag out to past 2000.

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment