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Raising Standards set to cover over half of financial services industry

Over 50 per cent of the UK financial services market is now engaged in the Pensions Protection Investments Accreditation Board&#39s Raising Standards quality mark scheme. PPIAB says companies representing a further 15 per cent are in discussions with a view to signing up to the brand accreditation programme.

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Zurich Group announces loss of £1.3bn

Zurich Financial Services Group today announced a loss after tax of £1.3 billion or $2bn in its half year results for 2002. It says this is a result of its strong premium growth and improved claims performance being more than offset by a significant decline in realised and unrealised capital gains and special provisions totalling […]

Yorkshire tracker guarantees 4.99% fixed option

Yorkshire Building Society is offering what it claims is the only tracker mortgage guaranteeing from the outset a future fixed-rate option set at 4.99 per cent. The Your Choice three-year tracker has a rate of 0.25 above the Bank of England base rate until November 2005, giving a current rate of 4.25 per cent. But […]

Newcastle Building Society – Guaranteed 5 Star Bond Deposit Account

Thursday, 5 September 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the Credit Suisse bond fund US$, Fidelity European growth, Franklin Templeton mutual beacon, IFDC Japan dynamic and Merrill Lynch offshore sterling trust UK Minimum-maximum investment: £1,000-£500,000 Term: Five years Guarantee: Capital returned in full regardless of the performance of the […]

Profits fall at Schroders

Schroders underlying asset management profit has fallen to £46.8 million for the first half of this year from £74.2m for the same period last year. Its pre-tax profit for the six months to June 30 fell to £20.5m from £41.5m last year and revenues dropped to £250.1m from £276.6m in 2001. It attributes this to […]

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