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Portman beats MPC rate cut

Portman Building Society says it is striking a blow for mutuals by reducing its standard variable mortgage rate by 0.35 per cent to 7.25 per cent.

High street banks cut have mirrored the bank of England&#39s 0.25 per cent reduction but Portman says it wants to demonstrate that traditional building societies can consistently beat the competition.

It is also guaranteeing savers no reduction in existing returns before March 1 1999.

Head of corporate communications John Gully says: &#34With something like ten savers for each of our borrowers and against the background of falling interest rates we are equally committed to sustaining the best possible return for our savers.&#34


Aon teams up with Hammond Suddards for pension seminars

Aon Consulting is joining forces with its sister company Aon Risk Services and law firm Hammond Suddards to present three seminars examining pensions and investment issues.The topics to be covered include financial planning for executives, investment considerations in a falling market and how to identify and resolve pension disputes.The two hour long seminars start at […]

IFS to compare stakeholder with ten other countries

The Institute for Fiscal Studies plans to compare the Government&#39s stakeholder proposals with reforms in ten other countries.The IFS will publish the findings of their comparative study on OECD countries&#39 pension systems and strategies for reform on February 4.The conference will cover both public and private pensions, and compare pensioner incomes.The IFS expect lessons from […]


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