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Openwork to single-tie to Prudential annuities from launch

Openwork, the revamped Zurich Advice Network, will exlusively sell annuities provided by Prudential from its launch in the second half of the year.
This is Pru’s third major annuity single-tie deal following similar arrangements being struck with both Pearl and Thinc Destini.

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Portman BS relaunches core mortgage product range

Portman Building Society has relaunched its core mortgage product rangee.Changes are effective from January 29 2005.The range is as follows:2 year fixed at 2.35 per cent2 year fixed, direct business at 4.48 per cent2 year fixed, introducer only at 4.74 per cent3 year fixed at 4.79 per cent5 year fixed at 4.89 per cent2 year […]

Friends cuts individual pension commission

Friends Provident is to bec-ome the latest life office to slash commission rates on individual pension policies, with a 75 per cent cut from February 1. IFA remuneration on these policies is falling from 40 per cent to 10 per cent of Lautro rates. This applies to regular-premium business into stakeholder and non-stakeholder personal pension […]

NAB launches offset mortgage range through Clydesdale

National Australia Bank has increased its offering in the UK mortgage intermediary market by introducing a range of offset mortgages through Clydesdale Bank. The new product features include availability as a tracker, fixed rate – including two and five year fixed rates – or buy-to-let. They give you flexible payment methods, including interest only, capital […]

Ingenious idea for bond fund

Ingenious Asset Management has established the Ingenious directional bond fund. This is a Dublin based Oeic that takes advantage of the greater flexibility in the use of derivatives in provided by the Ucits III legislation.

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