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RBS cuts discount rates

Royal Bank of Scotland has cut the rates on its range of discount mortgages as it removes the early repayment charges on all of its products.

The two year discount is now set at 4.09 per cent, down from 4.32 per cent and 1.73 per cent off the lender&#39s SVR of 5.82 per cent.

The three year discount will now be offered at 4.29 per cent, down from 4.52 per cent.

Product director for mortgages Peter Wood says: “This new range of discount deals gives customers the chance to take full advantage of interest rates which could yet move lower.”


Platinum shines in all weather

Platinum Capital Management has established the Platinum all weather fund which aims to make a profit for investors by exploring price differences between the stocks and options within the same companies. As the name suggests, this hedge fund has the ability to perform well regardless of stockmarket conditions. It has a target return of between […]

Product matters

The geared upside phenomenon keeps escalating and this time, Nvesta, formally known as Eurolife, has launched two six-year tracker plans. The first, the quad tracker plan, offers four times the upside of the FTSE 100 subject to a maximum of 80 per cent while the second, the super tracker 30, is offering a return of […]

Framlington appoints new chief executive

Framlington has appointed Peter Chambers as chief executive.Chambers was previously chief investment officer at Gartmore. He replaces Mike Vogel, who resigned in January to set up an independent private client investment business.Lord Douro, Chairman says: “I am pleased to announce the Board&#39s decision to appoint Peter Chambers.  He will be joining Framlington as soon as […]

&#39Merging small funds could save £700m a year&#39

The UK fund industry is wasting £700m a year running small, inefficient funds which should be merged to slash high cost-to-income ratios, according to Mercer Oliver Wyman. It estimates that 55 per cent of the 2,000-plus funds in the UK have less than £40m under management, which Mercer reckons is the threshold needed for firms […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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