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 […]
Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]
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The Pensions Regulator has warned that fraudsters might be attempting to steal workers’ savings by falsely claiming to be it on the phone. TPR says some savers are being cold-called by people who have posed as it and offered those in a workplace pension scheme a free pension review. TPR says it never cold-calls savers […]
Rather than innovate in the wake of pension freedoms, the industry has taken advantage of unengaged consumers
Pension providers are scrambling to save the pensions dashboard, after reports emerged the government is considering shelving the project. According to The Times, secretary of state for work and pensions Esther McVey has moved to scrap the dashboard. The report says McVey does not think the service should be provided by the state and that […]