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Norwich Union extends SRI fund choice

Norwich Union is extending the range of socially responsible investment funds available on its Portfolio Bond, Bond 2000 and FlexiBond with six new funds.

Three of the funds have been awarded A or AA ratings from Standard & Poor&#39s.

Norwich Union head of investment propositions Julie Chong says: “Commitment to sustainable development is increasingly being recognised as a precursor to long term growth and enhanced investment returns. investors can now access a rigorously researched universe of stocks, selected from some of the most rapidly growing industries.”

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Skipton launches mortgage discount scheme

Skipton is launching a mortgage discount scheme which reduces the interest rate of borrowers’ loans the longer they have been with the society. The scheme will automatically apply a 0.3 per cent discount off Skipton’s variable rate of 6.9 per cent after a mortgage has been held for two years and a 0.5 per cent […]

Group may propose locking commission

An Aifa and ABI working group set up to thrash out agreed contractualterms bet-ween providers and IFAs may recommend that commission cannot bealtered on existing contracts without prior notice. The group, made up of IFAs and providers, is trying to create a standardset of terms of business and will aim to put its recommendations to […]

Search is on for £150k chief exec

Dublin-based financial services company International Finance Group isbelieved to be searching for a new chief executive for its UK IFA arm, IFGLife and Pensions. Industry experts believe a recruitment ad for an unnamed personalfinancial services group looking for a chief executive for its UK IFAsubsidiary relates to IFG. The ad states the IFA business has […]

BCAM trots out with the PIG

BC Asset Management has introduced the property income and growth fund, a split capital investment trust that invests in commercial property.The investment trust consists of ordinary shares, zero dividend preference shares and bank debt. The aim is to provide ordinary shareholders with a high level of monthly income and long-term capital growth and zero dividend […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]

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