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West Bromwich Building Society rewards customer loyalty

West Bromwich Building Society has announced a range of rewards to customers for their loyalty as part of its &#39Privileged Membership&#39 scheme.

The rewards package includes a 0.5 per cent discount on the society&#39s standard variable mortgage rate of 6.7 per cent.

This is only available to borrowers who have been with West Bromwich for at least five years.

It has also launched a Privileged Membership Investment Account paying 5.75 per cent gross for savers who have been with the society for two years or more.

The account offers savers easy access and an additional bonus of 0.5 per cent if no withdrawals are made during the year.


Revenue increases retirement options on occupational schemes

The Inland Revenue has granted the deferred annuity and income drawdown facilities to Occupational Pension Schemes.The new flexible pension options were announced on Tuesday.Now occupational pension scheme holders will have the same retirement opportunities as their personal pension plan counterparts.In a further move towards flexibility of occupational schemes the IR will allow the benefits from […]

Scottish Life appoints director

Scottish Life has appointed Professor David Wallace as a director with effect from July 1.Wallace is currently Vice Chancellor at Loughborough University, where he is a specialist in mathematical physics and parallel computing.Board chairman Tom Ross says: &#34He brings to our deliberations a valuable blend of practical and academic experience that can only be of […]

Skipton Building Society issues bond

Skipton Building Society has launched a three year fixed rate investment bond.The bond which is fixed until August 31,2002 is paying a rate of 6.25 per cent gross a year. The monthly income option has a rate of 6 per cent gross.The rate is guaranteed as long as the three month Libor rate does not […]


Aberdeen advises Pep investors to take stock of their portfolios

Aberdeen Asset Management is advising investors to take stock of their Pep portfolio’ to ensure they are meeting their requirements. Despite being put on the back-burner with the introduction of Isas, there is an £80bn forgotten market tucked away in Peps according to Aberdeen. Many of these Pep investments are no longer meeting the investors […]

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Research reveals surprising support for increases to AE contributions levels

One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.


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