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Standard Life launches fixed rate bond

Standard Life Bank has launched a three-year, fixed-rate bond which guarantees a 5.75 per cent payout.

The bond, which is launched on July 5, has a minimum opening balance of £1,000 and a maximum of £1m.

Customers will be able to open the bond over the telephone, but the bank expects the majority of its business to come from IFAs.

The launch coincides with Standard reducing the rate on its Direct Access Savings account by 0.25 per cent.


Money Marketing gives evidence to Treasury select committee

Money Marketing has today appeared before the Treasury select committee inquiry into mutuality.Money Marketing editor Stephen McDowell urged the Committee to ask Bradford & Bingley chief executive Christopher Rodrigues who is giving evidence next week, how much money he will receive if the society converts.Money Marketing also provided the select committee with a background to […]

Financial Options pushing for a 1.5 per cent annual charge on Stakeholder

Financial Options Group is pushing for the proposed annual charge on Stakeholder pensions to be increased to 1.5 per cent from the present 1 per cent to allow for advice.In its response to the Department of Social Security&#39s Stakeholder Pension paper &#39Minimum standards – The Government&#39s Proposals Consultation Brief No.1.&#34 the network argues the annual […]

Exeter Fund Managers dsicounts Pacific fund

Exeter Fund Managers is offering a 1 per cent discount on its Pacific Growth Fund.The discount offer follows a period of recovery in the Asian markets where economic problems have begun to ease as interest rates have fallen and investor confidence returns.The offer period which runs until September 1.The fund pays IFAs 3 per cent […]

Skipton Building Society cuts mortgage rate

Skipton Building Society has become the latest lender to announce it is cutting its base rate.The society will cut its rate by 0.15 per cent.The rate reduction will take immediate effect for new borrowers and from July 1 for existing customers.The move follows the recent decision by the Bank of England&#39s Monetary Policy Committee descision […]


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