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Principality launches new fixed rate bond

Principality is launching a new fixed rate bond for loyal members with its annual interest rate of 5.10 per cent gross.

The Welsh building society is offering the bond on a limited basis to customers who have held an account or a mortgage for at least three years.

The rate of 5.10 per cent gross is fixed for two years, maturing on the second anniversary of when the account was opened.

Maximum investment is £5,000 for individuals and £10,000 for joint applicants.

Principality managing director Tracy Morshead says: “As a mutual organisation, Principality wanted to reward loyal customers for their support and the members’ bond is designed to do exactly that.”


Regulation’s poor showing

One of the most com- mon accusations against consumer-facing financial journalists is that we are always calling for tougher regulatory measures to control industry activities at the expense of common sense.

Investors face uncertainty over pension provision

Only one in five UK working active investors is at least very confident their pension provision will deliver an acceptable return.Of the 511 respondents to an online Mori poll, commissioned by TD Waterhouse, a further 40 per cent say they are fairly confident their pension pots are big enough.Around half the respondents – 52 per […]

Fears over global property fund launches

A wave of global property fund launches is causing concern over the UK commercial property market for investment IFAs. Hargreaves Lansdown head of research Mark Dampier says global property fund launches by Fidelity and First State are evidence that the UK market is overvalued as firms cast their nets fur- ther afield. Schroders also plans […]

Alphabetical disorder

The alphabet soup of adviser qualifications is confusing consumers and some bodies are simply launching more and more to line their own pockets, says IFA Promotion chief David Elms.

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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