Royal & Sun Alliance International Financial Services has added three funds to its range of mirror funds. They are Edinburgh Fund Managers US and UK Safety First funds and Investec Guinness Flight's new Wired Index fund. All three will be available from September 7.
Barclays is launching a base rate tracker mortgage with rates starting at 5.75 per cent.The bank says rates on the mortgage will be only one per cent above the Barclays base rate which normally tracks the Bank of England base rate.The bank is offering four mortgages pegged to between 0.75 and 0.99 per cent above […]
Birmingham Midshires is launching a new fixed interest account known as the Quantum Fixed Account.The two-year version pays 6.10 per cent on a minimum investment of £2,500 with a rate for monthly income of 5.85 per cent.The four-year option pays 6.75 per cent on the minimum £2,500 with a montly income rate of 6.5 per […]
Bradford & Bingley is searching for a new finance director following the surprise announcement that current incumbent John Smith is retiring. Smith, 53, has rocked the society, which is in the middle of a conversion attempt, with his decision to take early retirement. He has been finance director for 10 years and has agreed to […]
Norwich Union has launched a revised version of its long-term care plan after negotiating a tax saving with the Inland Revenue. The deal, originally revealed by MM in February, means that income from the "immediate care plan" annuity is paid direct to the care home instead of the policy holder with a resulting tax saving […]
Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald.
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The property sector has been in the spotlight since Brexit, when redemptions led to gating of funds. Both the FCA and Bank of England have since reviewed the liquidity mismatch between funds and their underlying assets. While weaker sterling encouraged institutional money into the asset class, the UK’s snap general election led to a disappointing […]
Provident will now not pay an interim dividend and says a full-year dividend is unlikely
Former Lloyds Banking Group chief executive Eric Daniels is taking the bank to court over failure to pay bonuses amounting to hundreds of thousands of pounds. Daniels is joined by former head of wholesale banking Truett Tate in High Court legal claims filed this month, according to the Times, which understands that the suit relates […]