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Shepherds to buy unitised with-profits policies

Essex-based traded endowment specialist Shepherds is to become the first trader to buy unitised with-profits policies. It says accepting unitised policies will dramatically boost its sales because the majority of policies taken out over the last ten years have been unitised. The company has developed a specialist team of actuaries to deal with the charging structures of unitised policies.


Furness Building Society offers a freestart

Furness Building Society is offering all new homebuyers one years free accident sickness and unemployment cover for their new loan.The &#34Freestart&#39 ASU scheme is fully compliant with the Association of British Insurers and Council of Mortgage Lenders new mortgage payment protection insurance guidelines.Cover is written on a back to day one basis after an initial […]

Government to reject Royal Commission&#39s long term care proposals

The Government will reject the Royal Commission on Long Term Care&#39s main proposal to provide free nursing care regardless of personal circumstances, according to the Financial Times.The report says health minister Frank Dobson will discard the Commission&#39s recommendations in favour of a three-month period of free nursing and residential care.The paper says the proposals will […]

Portman Building Society launches one year fixed rate bond

Portman Building Society has launched a one year fixed rate bond paying 5.75 per cent.The bond has a minimum investment of £500 or £1,000 for postal applications.No withdrawals are allowed during the term.

Legal & General launches second with-profits bond

Legal & General is launching a second version of its with-profits bond.The bond is aimed at investors looking to achieve capital growth and is designed to complement the existing with-profits income version.The new bond offers a choice of either a 5 per cent initial charge or a monthly charging version of 0.75 per cent a […]


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