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Pension office unhappy at oversight on transfer regs

Scottish Mutual says it is an oversight that DSS rebates cannot be used as a potential source of rebates for IPAs.

Scot Mut says it is surprised at the omission in view of the Government’s intention to make the IPA available from April 2001.

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Lib Dems demand more independence for Bank of England

The Liberal Democrats are proposing plans to increase the independence of the Bank of England by changing the way the Monetary Policy Committee members are appointed. The Lib Dems say the independence of the Bank is being compromised by the Chancellor&#39s power to appoint MPC members, who are directly responsible for the setting of interest […]

Marsden Building Society – Plan 24 Fixed Rate Mortgage

Wednesday, 25th October 2000.Fixed term: Five years.Fixed rate: 6.35 per cent.Minimum loan: £30,000.Maximum loan: Up to 90 per cent of valuation subject to no maximum.Income multiples: Three times principal income plus second or 2.5 times joint.Arrangement fee: £295.Redemption fee: Five per cent of amount repaid in year one, four per cent in year two, three […]

Portman rolls out six new loans

Portman Building Society is offering six new mortgages. The mortgages are a 5.99 per cent mortgage fixed until 1 February, 2006, a 5.75 per cent mortgage fixed until 1 February 2003, a 3.99 per cent mortgage fixed until 1 February 2003, a 5.75 per cent mortgage fixed until 1 February 2003 and a discount rate […]

Leaders of the PAC

The ability for IFAs and life offices to transact new business electronically has been something that has been promised for more years than I care to remember. At long last, that promise has turned into a reality.As I have reported here previously over the last 15 months, a number of life offices and IFA firms […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]

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