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Wesleyan plans range of ISAs

Wesleyan Financial Services is planning to offer a range of Individual Savings Accounts. It will offer a maxi ISA and two mini ISAs. The maxi ISA will offer investments in the Wesleyan growth fund and a cash element. There will be a cash-only mini ISA in the Wesleyan Savings Bank and a mini ISA which can be invested in cash and the growth fund. No insurance option will be available.

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PIA probes way industry treats ethnic groups and low-paid

The PIA is set to publish two major research projects in the next month looking at groups excluded from financial services.Its Evolution project included comments on the treatment of ethnic minorities and low-income groups.The PIA&#39s consumer panel has expressed concern at the way these groups are dealt with by financial services companies.The Office of Fair […]

Chelsea cuts rate

Chelsea Building Society is reducing its mortgage rate by 0.26 per cent to 8.59 per cent.The reduced standard variable rate starts from 17 October and will apply to new and existing borrowers.Chelsea says that it aims to offer a standard variable mortgage rate lower than that offered by the banks.It will apply to the Chelsea […]

Manchester&#39s automatic rate cut kicks in

Manchester Building Society is reducing its interest rate by 0.25 per cent while borrowers of its flexible mortgage will see rates reduced by an fixed amount agreed when they secured the loan.The flexible plan gives borrowers a guaranteed margin of between 0.5 per cent and 1 per cent above bank base rate for the mortgage […]

Marketing chief for new Standard arm

Standard Life has appointed Kenneth Andrew as marketing director of its investment management company, to be launched next month. Andrew has more than 25 years experience in financial services, having held senior management positions at NatWest and Chase Manhattan.

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