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Woolwich cuts SVR by 0.25%

Woolwich will be cutting its Standard Variable Rate by 0.25 per cent following the Bank of England’s base rate decision today.

This will see its SVR reduce from 7.39 per cent to 7.14 per cent.

As well as the cut in SVR, all customers on Barclays Bank Base Rate trackers will see their rates cut by 0.25 per cent.

Existing customers will see the reduction in effect from May 1. New customers will see a cut in Barclays’ tracker rates from April 11 and SVR on May 1.


Skandia announces best ideas manager meet and greet

Skandia Investment Management is giving advisers a chance to meet and greet some of the managers behind its Best Ideas funds.On Thursday April 24 managers Richard Plackett, Jonathan Asante, Dan Hanbury, Colin McLean and David Forsyth will talk about their best ideas and how they approach this unique style of fund management at Trinity House […]

On the Way to a winning combination

The Way Group has appointed T Bailey fund manager Jason Britton to run the Way MA growth portfolio, its first fund in a range of multi-asset portfolios.The new fund complements the more traditional funds managed for Way by multi-manager specialist IMS.As with all the Way growth funds, it will be managed on a nil-yield basis […]

NU academy signs up 550 in its first week

Over 550 advisers have joined Norwich Union’s Financial Adviser Academy in its first week.NU believes the scale of the response is due to an appetite to improve qualifications in response to the retail distribution review.The academy launched last week in association with the Chartered Insurance Institute and aims to help advisers achieve the CII’s Diploma […]

Facts of life

Until now, the Pensions Bill currently passing through the House of Commons has mainly been about two things.


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