Scottish Life has appointed Professor David Wallace as a director with effect from July 1.
Wallace is currently Vice Chancellor at Loughborough University, where he is a specialist in mathematical physics and parallel computing.
Board chairman Tom Ross says: "He brings to our deliberations a valuable blend of practical and academic experience that can only be of benefit to Scottish Life and its members."
Private Label has launched a tracker mortgage offering borrowers £500 cashback.For full status borrowers the rate on the Cashback Tracker mortgage is the equivalent of the Bank of England Base Rate plus 0.85 per cent up to 95 per cent loan to value. Self certification borrowers will pay the base rate plus an additional 1.5 […]
The Building Societies Association has called for the Treasury to tighten the regulations on demutualisation.The BSA wants conversion motions to be passed only if there is a 50 per cent turn out and a 75 per cent vote in favour from both savers and mortgage borrowrs.It made call in its evidence to the Treasury select […]
Skipton Building Society has launched a three year fixed rate investment bond.The bond which is fixed until August 31,2002 is paying a rate of 6.25 per cent gross a year. The monthly income option has a rate of 6 per cent gross.The rate is guaranteed as long as the three month Libor rate does not […]
United Assurance is linking up with Unum to offer its customers individual income protection.The partnership will see United's direct sales force selling Unum's Essential Ability Cover to its clients.Unum will handle the products underwriting, customer service and claims management.Unum managing director Lawrence Churchill says: "This product has proved to be a huge success for Unum […]
Johnson Fleming’s current charity of the year is CLIC Sargent: the UK’s leading cancer charity for children and young people, and their families.
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Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]
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