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Progressive Building Society – Mortgage Portfolio Update

Progressive Building Society – Mortgage Portfolio Update

Update: Addition of 2-Year 4.59% fixed to 85% LTV with £995 fee, 2-year 0.5% discount to 85% LTV giving a pay rate of 4.25% with £995 fee, 2-year fixed rate reduced to 3.19% from 3.24%, 2-year fixed rate reduced to 3.59% from 3.65%, end dates extended to October 2 of the relevant year where applicable, all deals available only for properties in Northern Ireland




Burgess starts new insurance firm

British Insurance founder Simon Burgess and his wife Sara-Ann are set to launch a new insurance provider. The pair are understood to have netted £25m through the sale of British Insurance to Towergate in January 2008. The new provider will launch next week under the brand 07. It will offer seven insurance products which it […]

Protection sales fall for Royal London firms

Royal London fell to a loss of £2m for the first six months of this year under international financial reporting standards after an £18m profit in the same period in 2009. The company did make a profit of £111m on an European embedded value basis, up from £108m. The company’s group chief executive Mike Yardley […]

Gilliat goes digital

Gilliat Financial Solutions has based its 3-year UK digital October 2010 structured product on the performance of the FTSE 100 and S&P 500 indices.


Standard Life to cut up to 500 jobs

Standard Life has announced it is cutting up to 500 jobs across the company over the next 15 months. Up to 600 existing roles will be cut as part of the restructure, with the creation of up to 100 new jobs. Out of the roles that are to be cut, around 100 are held by […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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