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Scottish Building Society cuts mortgage rate


Scottish Building Society has cut its mortgage base rate by 0.15 per cent.


The cut reduces the Society&#39s base rate to 6.6 per cent from 6.75 per cent. It is applicable to both new and existing customers, and takes immediate effect.

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Northern Rock increases interest rate for savers

Northern Rock is increasing the interest rate for new and existing investors in its limited issue savings accounts.The move which will take effect from July 24.The interest rate on its Save Direct Base Rate Tracker, a variable rate account will increase to 5.75 per cent gross for annual interest and to 5.45 per cent gross […]

CIS new business jumps 16 per cent

Cooperative Insurance Services has announced a 16 per cent jump in new life, pensions and unit trusts business for the first six months of the year.Equivalent premium income was up £20.7m to £146.7m from £126m for the six months to June 30 compared to the same period last year.CIS attributes the increase in business to […]

Morley appoints deputy head of non-Government bonds

Morley Fund Management has appointed Mark Gull as deputy head of non-Government Bonds.Morley the institutional asset management arm of CGU, recruited Gull from Bartmore Investment Management where he managed a range of fixed interest funds and unit trusts.Morley&#39s global bonds director Peter Rains says: &#34Mark&#39s appointment will strengthen an already very successful corporate bond team […]

FOG calls for stakeholder exemption on some GPPs

Financial Options Group is calling for firms paying 3 per cent or more into company group personal pension schemes to be exempted from having to offer Stakeholder pensions.In its response to the Department of Social Security&#39s Consultation Brief No. 2, the network says if a GPP scheme meets the necessary standards there should not be […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article

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