View more on these topics

Salt withdraws product range with immediate effect

Salt has withdrawn all of its product range with immediate effect.

In an email to brokers it says that this is due to unprecedented volumes in the last 24 hours.

Salt says: “Current market conditions have resulted in a number of lenders withdrawing products. This has resulted in an increased appetite for our products and a corresponding record number of applications.”

It adds: “We pride ourselves on our service and such high volumes have inevitably impacted our ability to maintain service levels and deal with current pipeline.”

Salt says that any applications which have not been previously DIP’d on receipt of this email will not be accepted.

Salt says it will be launching a new range of residential and buy to let products on April 7.

Recommended

Threadneedle takes its brand to the US

London-based asset manager Threadneedle is to expand its presence into the US market. Threadneedle will launch in the US through RiverSource Investments, of which it is already an affiliated sub-adviser. It currently runs four RiverSource mutual funds that will be re-branded Threadneedle, clearly differentiating its products from RiverSource domestic fund offerings. The four funds are […]

FSA to visit firms in platform probe

The FSA is to conduct a series of visits to advisers using platforms after warning that it has concerns about conflicts of interest, potential increases in consumer costs and inappropriate investment advice.Retail policy and themes lead Rory Percival says the regulator has worries over how advisers manage conflicts of interest on all platforms, including adviser-owned […]

ScotLife Intl claims trust avoids new IHT charge

Scottish Life International has designed a new type of trust which it says helps get round the inheritance tax crackdown introduced in the 2006 Budget.The trust allows the settlor to make a potentially-exempt transfer and establish a flexible trust without incurring an immediate IHT charge.Under the 2006 reforms, transfers to trusts become immediately chargeable where […]

Emerging confidence

Events last year changed investors’ perception of risk. On the one hand, some people were trading “safe” instruments unaware of the toxic properties contained within them. On the other hand, emerging markets, traditionally the most “risky” of global equities, quietly moved closer to the mainstream of personal investing with a steady flow of new frontier funds from managers.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com