View more on these topics

New loan service bypasses MCCB Bond deals from Capital One

US-based personal lending operation Capital One will be distributing its savings products through IFAs for the first time from this autumn.

The company told the convention that it plans initially to target IFA clients only through Bankhall members but will be looking to expand its IFA distribution through other firms in the longer term. Capital One, which launched as a bank last September, will be marketing a range of fixed-rate and base-rate-plus bond savings accounts through IFAs.

The bank is paying 0.5 per cent commission on one-year fixed-rate bonds, 1 per cent commission on two-, threeand four-year bonds and 1.5 per cent commission on five-year fixed-rate bonds. It said its products should be attractive to IFA clients as its fixed-rate bonds pay up to 6.2 per cent gross annual equivalent rate and its base rate plus bond pays 5.5 per cent.


Only 19% of firms offer a stakeholder scheme

Only 19 per cent of companies offer a stakeholder scheme but 86 per cent believe the Government will make employer contributions compulsory, according to research by Momentum.Findings in the study exclusive to Money Marketing of over 500 companies with between 50 and 250 employees reveal only 19 per cent say they fully understand the stakeholder […]

SG Life & Pensions starts offshore

SG LIFE & PENSIONS SG LIFE INTERNATIONAL BONDType: Traditional offshore bond.Aim: Growth by investing in a choice of three risk-graded portfolios,cautious, balanced, aggressive or a self-select option with a choiceof 94 unit trusts, Oeics, managed bond funds and investmenttrusts.Minimum investment: £50,000.Place of registration: Guernsey.Investment split: Choice of three risk graded portfolios, cautious,balanced, aggressive or a […]

Cavanagh Group floats on Aim

IFA Cavanagh Group has floated on the alternative investment market with a market capitalisation of £15m.The south east based firm set-up in 1996 targets City based professional and corporate clients and increased its turnover to £1,207,000 in 2000 from £393,000 in 1998.It has for executive directors, 20 consultants and 20 support personnel and plans to […]

Artemis aims to raise more VCT cash

Artemis is looking to raise an extra £20m for its AIM VCT, with the launch of a new subscription of ‘C’ class shares.Artemis launched its AIM VCT in January, raising a total of £33m in just under three months.The new subscription, which will open next month, would take the fund’s total to £53m. The minimum […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm