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Scot Wids Bank reduces home equity loan rate

Scottish Widows Bank has reduced the interest rate on its home equity loan to 7.75 per cent from 8.19 per cent.

It says it has made this cut by employing market-leading treasury techniques which allow home owners over 60 to release capital tied up in their home.

The interest rate is fixed for the full period of the loan and borrowers have the option of paying the interest or allowing it to roll-up against the value of the property.

Scottish Widows Bank managing director Rob Golbourn says: “We have been working with the Treasury and Group Balance Sheet Management at Lloyds TSB to develop this highly innovative risk-management technique.”


Ban on past performance in ads set to be rejected

An FSA panel of experts examining past performance in advertising is expected to reject an outright ban but call for further consultation on standardising the presentation performance in ads. The report, due out this week, is expected to include harsh criticism of current practices. The panel&#39s minority consumer representatives are believed to have pushed for […]

Tom Kean

In business, one has to respond to change quickly whether one likes it or not – not doing so would be foolhardy. Things happen that disrupt what is sometimes a comfortable status quo. If ever a profession could boast about coping with change, we are it. The tenacity of our pensions and investment world is […]

Outside edge

As I finish the final draft of my “Dear Ron” letter it becomes clear that the status quo is no longer an option. Scottish Amicable abandoning commission on regular-premium business simply acknowledges the fact that a far more commercial world is well on the way for those of us who wish to remain as IFAs. […]

Aberdeen Murray Johnston Private Equity – Aberdeen Growth Opportunities VCT

Tuesday, 25 September 2001.Aim: Growth by investing in smaller unquoted companies in the UK.Minimum investment: £3,000.Opening-closing date: September 27, 2001-April 5, 2002.Charges: Annual 2 per cent for the first year, 2.5 per cent thereafter.Commission: Initial 3 per cent, renewal 0.5 per cent for investments £500,000 or above.Tel: 0845 3002830.


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