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Profits boosted for Sun Bank

Profits at Sun Bank rose by 39 per cent to £6.2m from £4.46m for

the first six months of the year. Assets under management rose by 16 per

cent to £1.3bn from £1.1bn and lending increased by 14 per cent

to £157m from £137m. Customer deposit accounts increased by 13

per cent to £1.1bn from £974m. The bank has shifted its

distribution towards IFAs after the Sun Life Financial of Canada salesforce

was axed. Sun Bank says its range of flexible mortgages and savings

accounts account for the increase.


Beware pitfalls of buy-to-let, survey shows

Buy-to-let purchasers should avoid buying a property that will need a lot of maintenance, according to a survey of existing buy-to-let customers by Birmingham Midshires.The survey showed that 43 per cent of respondents recommended making a thorough investigation of all aspects of letting before buying a property, 23 per cent recommended buying a property that […]

On the sidelines

I suspect that many clients will not take waiver of premium any longer asit is now a separate contract and cannot be paid as part of the pensioncontrib-ution and must be paid from the individual&#39s bank account. This is not very convenient for members of group schemes. No doubt, some companies will not bother to […]

IFAs&#39 open letter to Ron Sandler

Leading IFAs are calling on Ron Sandler to enter into discussions with theIFA community before making any assumptions about the sector in his Reviewof Medium and Longterm Retail Savings. Their open letter (in full here) asks Sandler to ensure he meets with IFAsas part of his consultation paper to give them a fair hearing Ron […]

Skipton Guernsey looks to the FTSE 100 for growth

Skipton Guernsey’s five-year guaranteed growth bond is aimed UK and offshore investors. Designed for those who are looking for growth by investing in the stockmarket it could also be attractive to those who want a guarantee of their original capital.The bond will track the performance of the FTSE 100 index over a five year term, […]


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