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Northern Rock cuts flexible and capped rates

Northern Rock is reducing rates on its flexible and fixed capped mortgage range for new applicants with effect from Friday July 26. Reductions range from 0.10 per cent to 0.40 per cent and at the same time as a customer applies for a new fixed or flexible capped product, Northern Rock will consider an unsecured cash reserve up to a maximum of £10,000.

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CA director Sheila McKechnie demonstrates the seamless transfer of consumerists from single-issue research into single-issue six figure income news management in the FT with the headline, If this industry can rip off consumers, it will.From being an unbiased observer, she joins those of the Daily Mail ilk, that is, if it is not news, it […]

C&G extends enhanced intermediary payments

Cheltenham & Gloucester is extending its improved intermediary incentives until October 31 rather than withdrawing them at the end of this month as was planned.Registered intermediaries will continue to receive £1,000 on completion of each case they introduce with a value of £250,000 or more and which has a loan to value of 80 per […]

IFAP boosts commission by £18m

IFA Promotion generated £18m in commission for members during 2001.An internal audit by IFAP shows that 263,000 consumers and businesses were put in touch with IFAs during the year after it got 186,000 requests via the internet and 77,000 on freefone hotlines.To date this year, IFAP has had 180,655 requests, 30,000 more than for the […]

Second issue of National Savings equity bond

National Savings and Investments is offering a second issue of its guaranteed equity bond following the success of the first issue in March.The five-year bond allows investors to gain from growth in the FTSE 100 index while offering 100 per cent capital security on investments of between £2,000 and £1m – or £2m for joint […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]

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