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Northern Rock next lender to scrap exit fees

Northern Rock has confirmed that with effect from July 30 it will no longer charge exit fees for new customers.

NR previously charged £250 for customers to exit their mortgages.

It joins Cheltenham and Gloucester and Standard Life Bank which have both recently stated they will scrap the controversial fees.

Lenders have a deadline of July 31 by the FSA to review their fees for clients.


Scarborough Channel Islands launches new savings suite

Scarborough Channel Islands has launched a suite of savings bonds with the option for customers to fix their rate for six months, one year or two years.Interest rates for the new products range from 6.10 per cent for a six-month fixed interest bond to 6.40 per cent for two years.The bonds are available with a […]

A professional footing

Many advisers are on the way to achieving professional financial planner status while those who have already made the move point out the benefits it has brought them. By Kate Baier

Spiers selling off Bestinvest stake

Bestinvest founder John Spiers has brought an end to months of speculation surrounding the company by selling a large portion of his majority shareholding to global private equity and venture capital firm 3i.The deal, for an undisclosed sum, will see the firm take a majority holding in the business, with Spiers retaining a stake and […]

Japan: the Land of the Rising Dividends

By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]


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