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Northern Rock rolls out three savings bonds

Northern Rock has launched three new fixed rate bonds with fixed interest rates of 5.80 per cent gross for one year, 5.90 per cent gross for two years and 6.00 per cent gross for three years.

The bonds will be available from August 7 with a minimum opening balance of £500 and a ceiling of £2m.

Northern Rock sales and marketing director Andy Kuipers says: “Fixed rate bonds remain popular. With the option to invest for just over one, two or three years our savers can take advantage of guaranteed annual or monthly rates right up to September 2004.”


Brokers foresee soaring specialist lending

Brokers expect specialist mortgage lending to rocket in popularity, according to the latest survey by the Intermediary Mortgage Lenders Association. Over 70 per cent of the 400 advisers in the poll said niche lending will become increasingly important to their business after seeing demand for non-mainstream mortgages shoot up over the past year. Flexible mortgages […]

Raising Standards accepted by EC

The Raising Standards quality mark scheme has been told by the European Commission&#39s Directorate-General for Competition there are no grounds for further scrutiny of its application under European competition law.Industry Standards Group, which has drew up the standards underpinning the scheme, chairman Lawrence Churchill says: “We are delighted that Raising Standards has been given a […]

ScotLife moves into protection market

Scottish Life is setting up a new protection business in Edinburgh, solving the mystery surrounding the identity of the new Scottish player. It is understood to be headed by former Scottish Provident head of marketing and business development David Robinson. Money Marketing understands ScotLife has been recruiting former ScotProv staff who have left since the […]

Skipton Guernsey looks to the FTSE 100 for growth

Skipton Guernsey’s five-year guaranteed growth bond is aimed UK and offshore investors. Designed for those who are looking for growth by investing in the stockmarket it could also be attractive to those who want a guarantee of their original capital.The bond will track the performance of the FTSE 100 index over a five year term, […]

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


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