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Portman launches fixed rate product

Portman Building Society is launching a new fixed rate product set at 3.99 per cent until November 2002.

It says the move comes as speculation increases that interest rates may rise again in coming months.

The product has a maximum LTV of 95 per cent and will be available for purchase or remortgage.

After the fixed period ends, the rate will be the Bank of England&#39s base rate plus 1.90 per cent or Portman&#39s standard variable rate, whichever is lower.


Henderson looks to the Pacific

Henderson Investors has brought in the Cayman Islands domiciled Asia Pacific fund.The fund is aimed at institutional investors and high net worth individuals who are looking for growth and are prepared to put up with medium to high levels of risk.Asia Pacific will invest in a portfolio of companies from countries that are in and […]

Chase Fleming invests in European expansion

Chase Fleming Asset Management is bringing in the new European convergence fund.Aimed at investors who want to get some exposure to Europe, the fund will invest in countries that are close to joining the European Union and which are preparing their economies to be compatible with joining the Euro.These will initially include Poland, the Czech […]

Time for Scottish Life clients to air their views

As a typical member of our industry, for the last seven years I have been reactive rather than proactive when advising clients on their voting rights when an insurer wantsto demutualise.Looking at current and past demutualisation of insurance companies, I feel the members&#39 interests were not fully represented.Scottish Life have recently received major press coverage […]

Commission control

As our regulator struggles to reinvent the wheel, yet again we return to the central and most fundamental issue within our industry.The whole question ofthe status of the client&#39s adviser, independent or tied, and how he is being influenced by the commission payment, is undoubtedly the key to client protection and adviser regulation.How many times […]


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