Skipton Building Society is giving its long-term members up to £1,000 in loyalty bonuses in a drive to show its commitment to mutuality.
Mortgage and investment accounts holders who have been with the bank since September 30, 1996 will each receive an interest credit to a maximum of £500.
Nearly 300,000 members including qualifying children will benefit from the move which comes at the time of the high-profile demutualisation of Bradford & Bingley.
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Post Office set for sales of pensions and Isas
The Post Office is considering selling stakeholder and Isas as the nextstep in its proposals to create a “universal bank” through its branchnetwork.The PO says the move would be the logical next step for the bank which isbeing created by the Government as a replacement for the withdrawal ofhigh- street banks from rural communities.The bank […]
Standard Bank aims for small companies
Standard Life Bank is usingIFAs to target small business accounts afterclaiming firms are losing more than £1bn a year because of poorinterest rates.The bank is offering a 10-day notice phone business savings account afterits research found poor deposit account rates were the main cause of lossin savings for businesses.The research showed the average business savings […]
The incredible bulk will change the pension world
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Inter-Alliance pens deals to allow further growth
National IFA Inter-Alliance has teamed up with online credit card company Marbles and Sharepages.com to extend its e-business activities. Already linked with Freeserve and FTyourmoney.com, the Inter-Alliance-Marbles partnership, launched last week, will give users access to the Inter-Alliance Isa Centre and fund supermarket. Its coupling with online investors resources site, Sharepages.com, will lead to a […]
Thinking of expanding overseas?
Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.
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Martin Tilley: Alarm bells are sounding for Sipp industry
Its Dear CEO letter to providers shows the regulator expects future fallout within the industry In comparison to the timescale of the pending judgment in Adams vs Carey Pensions, the Court of Appeal judgment in Berkeley Burke vs Financial Ombudsman Service went through at breakneck speed. Although on face value the two cases cover similar […]
Retirees maintain drawdown rate despite market volatility
More than half of retirees have not decreased their rate of drawdown as a result of global market volatility, Aegon research shows. FCA data showed in September 2018 that those taking regular sums from drawdown (or uncrystallised funds pension lump sum) policies have increased their rate of withdrawal from 4.7 per cent in 2016-17 to […]
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