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Surge in stakeholder designations up to deadline

Life offices have experienced a huge surge of stakeholder designations in the week up to the October 8 deadline for compliance. Norwich Union says it has this week experienced designation levels over nine times the level of eight weeks ago. But it is estimated around 500,000 employers are yet to act to ensure they avoid a fine by Opra. Also this week, the ABI emphasised financial advice is key in ensuring that stakeholder makes a good start. It is calling upon the Government to make regulation less costly in order to improve access to financial advice.

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Leeds & Holbeck offers premier buy-to-let rate

Leeds & Holbeck has introduced a five-year fixed-rate buy-to-let mortgage that is available for loans of up to 80 per cent of valuation.The mortgage is fixed at 5.89 per cent until February 1, 2007 and borrowers who pay the mortgage off during this period must pay a penalty of six months&#39 interest in the first […]

Inside Edge

IFAs will increasingly come under pressure from big new entrants to the IFA sector – that is why the Misys/DBS offer made so much sense, says Ivan Martin, chief executive of the Misys Financial Services division.A few people have contacted me over the last few days congratulating me on my move to America and questioning […]

Downing Corporate Finance – Electra Kingsway VCT

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R&SA launches European fund

Royal & Sun Alliance Investments is launching a European Prime fund, which will be aggressively managed and aim to give above average performance to investors prepared to accept a higher degree of risk.The fund will be managed by Davina Curling, who joined R&SA in 1995 after spells with Kleinwort Benson and Nikko Capital Management.Minimum investment […]

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