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Nationwide renews challenge to rivals

Nationwide has renewed its challenge to rival lenders to stop ripping off existing borrowers to subsidise cheap deals for new customers. The society, dismissing claims it has U-turned on the pricing policy it introduced in March, claims its competitors are still relying on the inertia of existing borrowers to finance "uneconomic" deals for newcomers.

Nationwide also claims it is performing better than expected on new and remortgage business since its move to drop discount rate mortgages from its product range. The society has come under fire from IFAs for its strategy, who say its loans are uncompetitive.


Clerical Medical hands out calculator

Clerical Medical is releasing a carry back, carry forward calculator in CD-Rom format to help IFAs highlight this last chance tax opportunity for their clients.From January 31 2002 it will not be possible to carry forward unused tax relief from previous years. Clerical says it received a massive number of requests for the calculator from […]

Global Asset Managment – GAM Star American Focus

Wednesday, 5 September 2001.Type: Ucits.Aim: Growth by investing in large and mid-cap US equities.Minimum investment: US$5,000, Euro 5,500, £3,500.Place of registration: Dublin.Investment split: 100 per cent large and mid-cap US equities.Isa link: No.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: None.Tel: 0800 919927.

NUHC reaches three quarter of a million customers

Norwich Union Healthcare is celebrating a milestone as it announces it has 750,000 customers with private medical insurance and income protection cover.The provider attributes the growth it has enjoyed to success in the corporate market, successfully targeting of first-time buyers of PMI and a restructuring of its intermediary support services.Of the customers, 619,000 have taken […]

Scottish Equitable offers a safe haven in corporate bonds

Scottish Equitable’s investment range is expanding with the introduction of the extra income fund.With the stockmarkets looking increasingly volatile, Scottish Equitable has aimed this unit-linked fund at cautious investors who are looking for an investment that offers a safer haven in stormy economic weather and which also provides income.Extra income will invest entirely in investment-grade […]


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