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Rise in stakeholder takeup

New research from clearing house BACS reveals there has been as significant rise in the number of firms planning to introduce stakeholder.

Of the 350 business of a range of sizes which took part, almost a quarter 23 per cent will definitely offer a stakeholder scheme, compared with only 9 per cent of organisations interviewed last year.

BACS spokesman Peter Blake says: “The introduction of stakeholder pensions appears to have impacted the pensions market as a whole. The number of organisations saying they offer pensions to employees now stands at 48 per cent.”


Pink plays safe with five-year fix

Pink Home Loans has introduced a five-year fixed rate mortgage that is available to all borrowers for loans of up to 95 per cent of valuation.The mortgage has a fixed rate of 5.99 per cent and has a maximum loan of 95 per cent of valuation. Borrowers who pay the mortgage off during the fixed […]

Manchester gets the four-year discount itch

Manchester Building Society has brought in a four-year discount mortgage.The mortgage has a discount of 1.2 per cent for the first four years of the loan, giving it a payable rate of 5.8 per cent for loans of up to 90 per cent of valuation. Employed applicants must have been at their present job for […]

Exclusive Connections moves beyond 100 per cent

Exclusive Connections has unveiled a flexible 100 per cent mortgage that has a 1 per cent discount for the first two years.The mortgage has a current payable rate of 6 per cent and allows borrowers to overpay, underpay and take payment holidays. But they cannot make lump sum withdrawals. Interest is calculated monthly and Exclusive […]

Barclays gets elemental

Barclays Private Clients is offering a high interest offshore savings account that is linked to the stockmarket.The high interest index linked deposit account is aimed at investors looking for high interest and capital growth and the security of a capital protected investment.The account has two elements — a high interest savings account and an index-linked […]


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