Royal London has chosen sourcing company Mortgage 2000 to provide an online electronic trading platform for its tied salesforce advisers as part of a strategy to offer a full range of financial products. This follows a pilot of the service in London since April. Mortgage 2000 will offer sourcing and illustration facilities and an electronic trading system dealing with a panel of 35 lenders. Royal London has also recruited 20 mortgage advisers and is recruiting more to cover the country.
Homeowners Investment Fund Managers is this week launching its equity ISA, allowing investors to save up to £7,000 per year tax-free.The mini ISA allows savings of £30 per month or a lump sum of £500, up to a limit of £3,000 and between £500 and £7,000 per year in the maxi ISA.The ISA invests in […]
Wednesday, 7 August 2002 Type: Guaranteed mini cash Isa Aim: Growth linked to the performance of the FTSE 100, Nikkei 225, SMI and S&P 500 Minimum-maximum investment: £3,000 Investment choice: Deposit account Term: Seven years Guarantee: Capital returned in full at end of term regardless of movement in indices Return: 90% of average growth in […]
The Treasury will publish its long awaited mortgage regulations this week leaving the FSA open to consult on how it implements them. The FSA has confirmed it will issue its consultation on the future of mortgage regulation next week, “assuming the Treasury regulations are actually published this week.” The regulations will be final without further […]
Royal & Sun Alliance is axing 1,200 jobs and closing its offices in Bristol as it restructures the business following the announcement of its closure to new life and pensions business.It will continue to administer its existing life and pensions book from its Liverpool and Horsham offices.Royal & Sun Alliance UK life and pensions managing […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]