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
The introduction of the stakeholder pension is currently the key focus formany but it is important to understand that it is also just one aspectofthe paradigm shift that the financial services industry is experiencing.A review of the issues raised by the arrival of stakeholder and thepotential solutions to these provide a useful indication about how […]
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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Ian McKenna: How short-term savings apps can help boost pensions engagement
Consumers spend far more time concerned with their day-to-day banking and budgeting than they do thinking about their long-term savings Aberdeen Standard head of retirement Gregg McClymont’s recent Money Marketing column correctly identifies the challenge of achieving consumer engagement with pensions. A pensions dashboard solely accessible via the single guidance body is doomed to failure even before […]
Newell Palmer adds £35m with Macclesfield IFA
Newell Palmer has bought Macclesfield IFA The Acumen Investment Partnership, its 50th acquisition since being set up 25 years ago. The deal adds £35m in funds under management. Acumen’s 119 clients will be serviced by advisers at Newell Palmer’s Wolverhampton office. Acumen senior partner Nick Cosby is retiring from the business. Newell Palmer finance director Kevin […]
Fund managers line up new value statements for clients
With nearly a year and a half still to go until the FCA’s deadline, fund groups are already lining up how they will deliver the prescribed value statements to clients. As part of its asset management market study earlier this year, the FCA imposed a new requirement on asset managers to review and document to […]
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