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Northern Rock offers new fixed rate bonds

Northern Rock is launching three new fixed rate bonds at 6.25 per cent over a term of one, two or three years.

A minimum £1,000 balance is required, and additional deposits of £1,000 can be made. Bond holders can withdraw funds during the fixed rate periods, although a charge of 60, 90 and 120 days&#39 loss of interest on the amount withdrawn will apply to the one, two and three year bonds respectively.

Northern Rock chief executive designate Adam Applegarth says: “Fixed rate bonds continue to offer certainty amid rate speculation.”


Aberdeen Asset Managers – European High Income Isa

Thursday, 22nd February 2001.Type: Investment trust mini or maxi Isa.Aim: Growth and income by investing in the Aberdeen European growth and income trust and the Aberdeen European monthly income trust.Minimum investment: £1,000.Maximum investment: £7,000.Catmarked: No.Investment split: Any proportion in Aberdeen European growth and income trust and Aberdeen European monthly income trust.Types of share: Income, capital, […]

£2bn accepted in phase two of pensions review

The FSA has announced that £2.2bn has so far been accepted by consumers in Phase 2 of the pensions review.IFAs are responsible for £266m of the total, with direct providers making up the balance. Of that, networks and large IFAs have handed over £213m and small firms £53m. Of the 873,000 cases found to be […]

Morley sets up £200m urban regeneration fund

Morley Fund Management is setting up a £200m urban regeneration fund, aiming to fund developments in UK towns and cities.The fund will be called the Igloo Regeneration Partnership. Current director of Amec Developments Chris Brown will join the fund as development manager in April.Morley head of property Ian Womack says: “This fund brings together the […]

Skipton Building Society appoints Jack to board

Skipton Building Society is appointing William Jack as a non-executive board member. Jack was previously managing director at CGU Life, with responsibility for all UK life companies. Before this he was managing director of General Accident Life Assurance for eight years. Jack is also a non-executive director for Alliance Trust, 2nd Alliance Trust and Alliance […]

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What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


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