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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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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