Scottish Friendly sales leapt 40 per cent over the first six months of 1999 compared to the same period last year according to the company.The friendly society reported a record increase in life and pensions sales of £1.8m to £6.2m from £4.4m over the same period last year.Scottish Friendly puts these record sales down to […]

The Treasury is set to clamp down on extended redemption penalties and lenders which do pass on the benefits of base rate cuts to their customers.The Government department has issued a strongly worded discussion document which lenders and IFAs believe to be a clear indication that the decision to bring mortgages under the remit of […]

The Association of Investment Trust Companies has made two marketing appointments following the acceptance of the &#34its&#34 marketing campaign by the industry.Craig Fabian will become campaign project director and Simon Arthur will take the role of marketing services manager.Fabian joins the AITC from Volvo Car UK where he was marketing director.Arthur, who will be responsible […]

Mortgage advances hit record levels in June according to figures released by Barclays Bank.Its research reveals gross mortgage advances in June hit the £10bn mark, a 27 per cent increase over last June&#39s figure of £8.4bn.Mortgage lending is now so buoyant that Barclays is predicting the market will top £100bn this year for the first […]