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New tracker mortgages from C&G

Cheltenham & Gloucester has launched a new range of tracker
mortgages, which includes trackers at between 0.39 per cent and
0.89 per cent over Bank of England base rate until 31st December
2007. It also features a stepped discount tracker mortgage which
allows customers to track their mortgage at 0.51 per cent below base
rate until 31 December 2004, then between 0.49 per cent and 0.99
per cent above base rate until 31 December 2005 and then between
0.99 per cent and 1.49 per cent above base rate until 31 December
2007. C&G has waived all administration charges for remortgage
applications until 31 December 2003.

Sales director Nick Hale says: “The tracker and stepped discount
tracker mortgage deals are further examples of our commitment to
offering customers choice. In today&#39s uncertain interest rate climate
there will be many who see these as viable alternatives to a fixed-rate


ABI sets out 10-point plan to save pensions

The ABI launched a 10-point manifesto at the Labour Party conference in Bournemounth on Monday aimed at averting a full-scale pension crisis.Its research shows that only 15 per cent of the public trust the Government not to let them down on pensions. The poll shows only 4 per cent are very confident they will have […]

Big rise in Lighthouse turnover in first half

Lighthouse Group increased its turnover by over a third to £9.5m in the first six months of this year from just under £7m in the last half of 2002.Losses rose by 10 per cent to £1m from £900,000.The results include figures for recent acquisitions Berkeley Wodehouse Associates from April 8 and RJ Temple from June […]

Out of context

•”David Bowie&#39s definitely a liberal but probably not in the same sense that I am.” – LibDem leader Charles Kennedy.•”You can lead a horse to water but you cannot make it drink, especially if the water&#39s filled with sharks.” – IMA director of training and education Victoria Nye.•”I&#39ve been to the end of the world […]

Sofa chief hits out at exam structure of skills council

Sofa managing director Brian Lawless has criticised the Financial Services Skills Council, saying its exam structure is too product-driven and repeats mistakes made by the FSA and the Treasury.Writing in this week&#39s Money Marketing, Lawless says the FSSC&#39s development of the exam structure is increasing the extent of the problem, as the new exams are […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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