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Skipton expands with five-year bond guarantee

Skipton Financial Services, the IFA arm of Skipton Building Society, has appointed two new associate directors as part of its growth plans.

Former head of branch sales Paul Isherwood has been appointed to associate director of sales, taking responsibility for managing SFS&#39s team of 40 advisers and six managers specialising in inv-estment and inheritance tax planning.

Corporate investments project manager Alison Miller steps up to associate director of business development to enhance customer relations and raise the IFA&#39s brand awareness.

Skipton is also launching a new five-year guaranteed growth bond promising minimum returns of at least 126 per cent of the initial investment.

Minimum investment is £2,000 and maximum £10,000. It offers the potential to earn 50 per cent gross over five years or 8.45 per cent AER by tracking the FTSE 100 index.

Investors get a guaranteed 8 per cent return for each year that the FTSE rises compared with the previous year and a 10 per cent bonus in the final year if it increases in every one of the five years.

Head of corporate communications Mark Smith-eringale says: “This represents an outstanding investment opportunity at a time of economic uncertainty.”


TMO leaves tracks

The Mortgage Operation has unveiled the freedom mortgage, a flexible base rate tracker that discounts the Bank of England base rate by 0.45 per cent in the first nine months. This gives a current payable rate of 4.55 per cent and after the discount period, it will track at 1.2 per cent above the base […]

Smart thinking

As October 8 approaches, there are strong suggestions around the market that there are just not enough advisers to meet the demand from employers to set up schemes before they face the prospect of a potentially stinging Opra fine. In the rush to establish stakeholder schemes before the deadline, it is important that IFAs are […]

PIA revokes suspension of Gloucestershire IFA

The PIA has revoked the suspension of IFA Blenheim Financial Services of Bidmead, Cheltenham Road, Bisley, Stroud, Gloucestershire. The firm had been forced to cease conducting investment business regulated by the PIA because it had failed to renew its PI cover as required. It has now done so and satisfied the regulator&#39s rules. The PIA […]

FSA probes policies for cash bias

The FSA has launched an investigation to determine if IFA commission levels affect the products and providers they recommend to clients. The regulator is demanding that life offices supply it with information about the commission they pay IFAs on the extent of their product range. Life offices must hand over the numbers of new policies […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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