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Newcastle launches 3 year mortgage at 3.49 per cent

Newcastle Building Society is launching a three year discount mortgage on 15th December. It has a 2.31 per cent discount from SVR, giving a current rate of 3.49 per cent.

This product is available until 30 March 2004 for loans of up to £500,000 with a minimum loan of £15,000. There is a completion fee that starts at £345. It has a redemption charge of three per cent of the balance during the three year discount period.


Legal & General bridges tax efficiency and growth

Legal & General has brought out the distribution trust, a unit trust which aims to balance tax efficiency and growth potential in the light of Isa changes next year. In April 2004, equity Isas will lose some of their tax efficiency, as it will no longer be possible to reclaim a 10 per cent tax […]

Selestia entering SSAS field in link with retirement specialist

Selestia is entering the SSAS market through a tie-up with bespoke retirement advice specialist and pensioneer trustee Pensions Associates. The deal will enable IFAs receiving advice from PA to access Selestia&#39s online investment and admin tools in addition to its reregistration service and P-Scan instrument, which helps portfolio monitoring. PA says the move will allow […]

Only a quarter of IFAs concerned over ombudsman&#39s £360 case fee

IFAs do not see the cost of the Financial Ombudsman Service&#39s £360 case fee as a significant problem for their businesses, according to the Fair Deal for IFAs survey. The positive reaction may stem from recent indications that the FOS plans to scrap the fee for the first two complaints against an IFA in a […]

Brown &#39taking a sledgehammer&#39 to pensions – Friends

In response to the pre-Budget report Friends Provident expressed its disappointment at the Government decision not to abolish the lifetime limit and the&#39punitive tax penalties&#39 imposed if the limit is exceeded. Friends Provident head of pensions marketing Jeremy Ward says: “Lifetime limits, which in reality will affect only the upper end of the market, are […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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