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Sun Bank offers guaranteed interest rate for pre-ISA customers

Sun Bank is offering customers a guaranteed interest-rate to customers who invest £3,000 in its pre-ISA account.

The bank is offering savers who take out a pre-Isa, dubbed the ISA with a plus, a guaranteed fixed interest rate of 7.75 per cent when they switch in April.

Investors who do not wish to transfer to a Sun Bank ISA can have the whole investment, plus the interest earned refunded to them.

The commission for IFAs on the pre-ISA is 0.15 per cent a year of the average daily balance paid quarterly.


Virgin launches personal finance website

Virgin Net is spending more than £50m on an internet site that will recommend financial products to users when they are buying condoms.The online service provider is spending the money to revitalise its online retail services which will include the launch of a personal finance channel in March.The service will be free to its 150,000 […]


Autif releases ISA training guide for IFAs

Autif is planning to release its Isa training package to IFAs next week. The disc-based package was originally developed for Autif customer service and administration staff. Director of training and education Victoria Nye says Autif is in negotiation with the LIA to organise distribution of the product.

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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