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Skipton cuts rate

Skipton Building Society has reduced its variable mortgage interest rate by 0.25 per cent to 8.55 per cent and has also launched two new mortgages.

The Base Rate Tracker mortgage is guaranteed to follow the Bank of England&#39s base rate, with a fixed differential of 0.75 per above. This means it is currently at 8 per cent.

The Cashflow mortgage offers a two per cent discount for the first year and one per cent cashback for a further four years.

The redemption penalty is 2.5 per cent of the mortgage for the first four years.


Flight calls for annuities at 75 to be abolished

Tory MP Howard Flight is calling on the Government to abolish the compulsory purchase of annuities for people aged 75 and over.He believes the move is necessary because people coming up to 75 are being forced to take out annuities at a time when rates are very low.Flight says: &#34In the current financial climate where […]

Kempster outlines his DBS strategy

DBS&#39s new chief executive Tony Kempster outlined the company&#39s strategy for the next year at its annual conference last week.Kempster told delegates that his first move on arrival was to begin a strategic review of the business.He said: &#34My attitude to running this business is that the key to success for DBS is to help […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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