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RBS and Dunfermline cut rates

Royal Bank of Scotland and Dunfermline Building Society are dropping their variable mortgage rates in response to the MPC&#39s decision to cut interest rates.

The Royal Bank is reducing its variable rate by 0.5 per cent to 8.2 per cent and Dunfermline is cutting their rate by the same amount down to 7.95 per cent.

Royal Bank chief economist Jeremy Pleat says: &#34The MPC&#39s decision to cut interest rates is most welcome, but a reduction of this magnitude comes as something of a surprise given that it has previously moved in quarter points.&#34


Permanent offers third party health care adminstration

Permanent Insurance is teaming up with IT solutions specialists Sherwood International to offer Income Protection insurers a third party processing and administration service.The facility will offer full administration and processing support for PHI, CII and LTC plans for organisations launching these products and for companies with existing products which want to move to a specialist […]

Grant Thornton tells borrowers to be wary of fixed-rate mortgages

Accountant Grant Thornton is warning fixed-rate mortgage buyers that they could be big losers if Britain joins the single European currency.If the UK joins Monetary Union, Grant Thornton says current interest rates of around 7 per cent will have to fall to around 4 per cent to be in line with the rest of Europe.Grant […]

Hymans Robertson to survey civil servants&#39 attitudes to pension fund

The Cabinet Office has appointed Hymans Robertson to assess civil servants&#39 attitudes towards their pension provision and a new pension scheme for the millennium.The consultant is designing a questionnaire to survey the 500,000 members of the existing scheme about their pension arrangements.

GMB and Colonial push compulsory pensions proposal but it may be too late

The GMB is promoting its own version of a compulsory stakeholder pension in alliance with trade union-backed Unity Trust Bank and life office Colonial.But the proposal&#39s launch may be badly timed as it coincides with press revelations that stakeholder as it currently stands may be scrapped and any consideration of compulsion abandonned.Colonial has extensive experience […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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