Type: Five-year step up high-interest account.
Minimum-maximum investment: £5,000-£25,000(single)/£50,000(joint)
Interest rates: 5.5% until January 31, 2001, 6% until January 31, 2002, 6.5% until January 31, 2003, 7% until January 31, 2004, 8.5% until January 31, 2005.
Term: Until January 31, 2005.
Offer period: Until further notice.
Withdrawal penalties: Subject to 50 days' notice, otherwise 50 days' interest is applied.
Tel: 0800 883322.
The average UK house price rose by 2.4 per cent in January giving an annual rate rise of 16 per cent, according to Halifax, further fuelling speculation on an interest rate hike.When compared with January 1999 figures the increase gives a projected annual house price inflation rate of 16 per cent.The surge takes the average […]
Equitable Life has taken a further blow after ratings agency Moody's downgraded its financial strength and debt outlook from stable to negative.The news follows last month's Court of Appeal ruling that Equitable had acted unlawfully in reducing bonuses for 90,000 policyholders with guaranteed annuity rates.The next step in the proceedings will take the case before […]
Scottish Life International is issuing a fourth tranche of its popular income and growth bonus fund and the terms are good. It pays 11.2 per cent gross annual income or 2.7 per cent gross quarterly income and offers growth investors 35.6 per cent gross over a three-year period. The bond is linked to the FTSE […]
Zurich IFA Group is giving members of its mortgage network free Certificate in Mortgage Advice and Practice training in a move to “endorse professionalism in the industry”.ZIFA is running a national programme of 60 one-day revision courses featuring practical CeMAP revision over the next few months.CeMAP revision delegate Lee Warman of ABG Financial Services says: […]
On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.
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Sign up The Pensions Regulator has agreed to share market intelligence on defined benefit transfers on a regular basis with the FCA and The Pensions Advisory Service so trustees can ensure members fully understand the risks involved. In a new formal agreement, TPR will share its reports on DB market intelligence roughly every two weeks with the […]
Advisers explain how out-of-town offices are preferable to city centres and why the retirement market is key It is easy for outsiders to make assumptions about the North East based on the so-called North/South divide. While acknowledging the real challenges in this part of the UK, local advisers are keen to highlight the positives that […]
Advisers are questioning the value that best-buy fund lists have after Hargreaves Lansdown’s opinion-splitting decision to reform its flagship Wealth 150. According to a recent report from consultancy Platforum, 61 per cent of advisers use the services of fund research agencies, while an increasing number of providers and fund supermarkets are launching lists of the […]
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