View more on these topics

Portman to cancel TESSA transfer penalties

Portman Building Society is withdrawing the transfer penalties on all its variable interest rate TESSA products.

The move follows recent concern from the Banking Code Standards Board on transfer penalties.

As a result Portman is withdrawing the 180 days loss of interest penalty for customers closing or transferring their variable rate TESSA.

Portman Group Communications Manager John Gully says: ” I hope that our decision will reassure our variable rate TESSA holders that we intend to continue to pay consistently good rates of return and that we are confident of retaining their business.”

Recommended

IFAs beware the pitfalls of ScotEq bond

I write to warn fellow IFAs of the problems I have encountered with Scottish Equitable and its Security Plus bond.My clients effected this contract in March 1998 and, in view of their need for caution, the 97.5 per cent guarantee contract was recommended. £15,000 was invested and, due to the fund&#39s non-performance, the value on […]

Personal pensions after stakeholder

What does the future hold for personal pensions in a stakeholder world?The individual personal pension rose out of the ashes of the section 226 contract back in July 1988. Until then, individual pensions were the domain of the self-employed and those in non-pensionable employment were not attracted to them in any large numbers.The reason why […]

Mortgage 2000 service calculates cost savings from remortgaging

Mortgage 2000 is introducing a service to help IFAs calculate whether their clients could save money by remortgaging.The Redemption Buster service allows IFAs to work out the savings that can be made by remortgaging with a competitive lender.IFAs enter details about their client&#39s current mortgage, the rate of interest they pay and amount of redemption […]

Is vision of unity with insurers PI in the sky?

The Financial Ombudsman Service chief ombudsman wants to forge a new relationship with IFAs free from the influence of PI insurers.But will his mission succeed given the difficulties with the PI sector and IFAs&#39 annoyance at having to pay £500 every time they are involved with a case that is taken to the ombudsman?Speaking at […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com