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Stepped bond from Leeds & Holbeck

Leeds & Holbeck Building Society is launching a stepped rate bond guaranteeing a return of 5 per cent in its third year.

The account pays 4.5 per cent for the first year, rising to 4.75 per cent in the second year and to 5 per cent in the third year. The minimum investment is £100 and the maximum is £5,000. Maturity date is 30 September 2004.

Savers an make up to two withdrawals without notice or penalty during the life of the account, providing the £100 minimum balance is maintained.


Skandia sales chief to retire early

Skandia group sales director Mike Gordon is taking early retirement in the new year. He has held the position since 1993, managing a sales-force of almost 100 consultants. UK regional offices director of sales Simon Burgess will take responsibility for international and offshore sales. Director of sales for networks and nationals Steve Powell will take […]

Britannic ads are all the fashion

Britannic Money has commissioned British fashion designer Russell Sage to design its new ads. The ads show a model wearing a garment designed from a Britannic Money umbrella. Britannic has sponsored Sage&#39s spring and summer 2002 collection at this year&#39s London fashion week to coincide with the launch of its new campaign. The company says […]

The GAR problems may be spreading

Other life offices could face misselling claims from policyholders who were not told of the impact of guaranteed annuity rates on with-profits funds following legal findings on the Equitable Life case. FSA legal opinion also backs up the findings of Equitable&#39s legal team. It shows that policyholders without guaranteed annuities could lodge misselling claims on […]

Smee says IFAs must encourage youth

At this week&#39s Institute of Financial Planning conference at Warwick University the message on how important education and technology are to IFAs was drummed home to members.In a question time session Aifa director general Paul Smee criticised IFAs for their reluctance to recruit and train graduates and encourage young, educated people to join the profession.In […]


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