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.
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's consumer panel has expressed concern at the way these groups are dealt with by financial services companies.The Office of Fair […]
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 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 […]
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.
Over the past year, both conventional and inflation-linked gilts have generated returns in excess of 25 per cent. Meanwhile, inflation has only risen by between 1 per cent and 1.5 per cent. Click here: ILG webinar note 1016
- Top trends
- Top trends
- Revealed: The FCA’s findings on ongoing advice
- How much are advisers charging for pension transfers?
- Lifetime allowance 2018/19 increase confirmed but pensions absent
- ATS staff departures continue as platform commits to improved adviser experience
- SJP trainee adviser banned and fined for faking qualifications
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]