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Skandia gets personal

Franklin says: “I like this and will use it. The web support is excellent and better, I believe, than anyone elses. I think this will be a serious contender in this market place.”

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Nationwide slashes mortgage rate

Nationwide is cutting its standard variable rate mortgage by 0.6 per cent to 6.49 per cent from 7.09 per cent and renaming it the base mortgage rate (BMR). Nationwide&#39s new BMR will be 1 per cent lower than Abbey National&#39s SVR of 7.49 per cent and 1.01 per cent lower than Halifax&#39s SVR of 7.5 […]

Sun Bank launches discount flexible mortgage rates

Sun Bank is launching a new discounted rate on its flexible mortgages. Borrowers pay 5.49 per cent, a discount of 1.25 per cent until October 2001 from the variable rate, currently 6.74 per cent. Special status flexible mortgages, for the self-employed, are discounted for the same period by 0.5 per cent to 7.44 per cent […]

It&#39s the end of the road for the Man from the Pru

Prudential is axing its entire 1,400-strong direct salesforce, spelling the end for the traditional Man from the Pru. The salesforce, which once numbered 10,000, is being replaced by a face-to-face financial planning service of only 250 advisers for high-net-worth clients who earn more than £50,000 a year or who have at least £50,000 to invest. […]

B&W reports high demand for Tessa Only Isas

Bristol & West is reporting a surge in demand for its stockmarket-linked Tessa Only Isa. Around 70 per cent of Bristol & West&#39s customers are choosing to reinvest, most of them preferring equity-linked accounts. In addition, 25 per cent of applicants are customers switching their maturing Tessa capital to Bristol & West from other providers. […]

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