Skipton has cut the rate on its variable rate mortgage to 6.89 per cent.
This will bring the 3-year discount down to 3.89 per cent in the first year for loans up to 75 per cent LTV and 4.89 per cent for loans up to 95 per cent LTV.
Borrowers can repay up to 10 per cent of the initial loan each year without incurring any penalty.
Halifax is spending £1.8m on a television advertising campaign to promote its range of tax free savings products.The main aim of the campaign is to increase the profile of its Individual Savings Account range which will be available from April 6.The bank says the campaign has been designed to raise awareness among its customers of […]
Funds under management in Guernsey picked up in the last quarter of 1998 following falls in the second and third quarter.In the last quarter, the value of assets under management increased by just under £1bn, an increase of 6.6 per cent to reach £15.7bn.The total number of funds reached 393. Guernsey says that 33 other […]
Staffordshire Building Society saw gross mortgage advances in 1998 increase to £191.2m.Total assets increased to £1,287m while the balance on share accounts increased 6.6 per cent. The group's reserves increased by £6.47m to almost £100m.Chief Executive Keith Page says: "The concept that mutual businesses cannot thrive and prosper in today's challenging world is just not […]
Investor Intelligence has signed up Henderson Investors in its bid to attract high net worth investors through a new wealth management service.The marketing and sales service for IFAs is targeting clients with assets over £50,000.Investors in the deal will be offered specially negotiated fees and charges.Chairman Investor Intelligence Stuart Lewis says: "We are delighted Henderson […]
The world around us is changing at a faster pace than ever. Generations are changing and over the next five to 10 years the graduates who have grown up with Facebook and Twitter will start to lead corporate UK and expect modern technology as a matter of course.1
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]