View more on these topics

Negative equity protection for homeowners

Protection specialist Equity Protection Policy UK has launched an insurance product to protect home owners from the effects of negative equity.

The Equity Protection Policy guarantees the value of a homeowner&#39s property for a ten-year period. The level of cover chosen is fixed at outset and can be up to £10,000. It is payable as a single premium.

The policy is being marketed and distributed by the company and is the result of co-operation between it, HSBC Insurance Brokers and Royal & SunAlliance.

The policy exclusions prevent any claims being made in the first three years or for the first £2,500 of any negative equity.

The premium for £10,000 of cover is £630 plus insurance premium tax.

Commission is negotiable with Equity Protection Policy UK.


HSBC completes rebranding

HSBC completed its rebranding of Midland Bank branches on Sunday with the last of the new signs erected at the St Paul&#39s Churchyard London Branch.HSBC is now the marketing name for Midland Bank and subject to regulatory approval, it is set to become HSBC Bank later this year.The changes follow the company&#39s decision last year […]

Berry Birch & Noble buys MMB&#39s personal and corporate pension business

National IFA Berry Birch & Noble is set to acquire the individual financial planning and group pension business of Moores Marr Bradley.The acquisition for an undisclosed sum, is at the request of MMB.The move follows the decision for MMB to be wound up, after last month&#39s departure of its chief executive and three directors, as […]

Clerical Medical set to convert unit trusts to Oeic

Clerical Medical Unit Trusts will switch its range of unit trusts to open ended investment company during the first quarter of next year.The range of UK and overseas trusts will become sub-funds of an Oeic, under the title Clerical Medical Investment Funds.Unit-linked life and pension funds currently invested in the unit trusts will be switched […]

Investec Guinness Flight launches Capital Accumulator Trust

Investec Guinness Flight has launched its Capital Accumulator Trust in response to reducing tax-free investment allowances.The trust will invest in zero dividend investment trust preference shares which are expected to offer a redemption yield of 6.25 per cent.Growth accumulated under zero dividend preference shares is technically treated as capital rather than rolled up income, it […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment