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Woolwich extends rapid re-mortgages to advisers

The Woolwich rapid re-mortgage campaign is being extended to intermediaries with a guaranteed decision on behalf of their client within four hours.

Ten thousand marketing packs for the deal have been sent out, offering a discounted rate of 6.2 per cent for two years and a fixed rate of 6.69 per cent for two years.

Under the new system application forms are replaced by a one page questionnaire about the client filled in by the IFA and then faxed to The Woolwich.

Senior product development manager Andy Gray says: “Research has shown that more has 40 per cent of borrowers are reluctant to re-mortgage, even if it means saving money, simply because they think it is going to be difficult, expensive and take too long.”


FSA wants IFA input for on-line forum

The FSA is inviting suggestions from IFAs for its online forum for advisers.The objective of the site at is to put together an up-to-date library for IFAs online.Life companies, investment house, building societies, banks and other suppliers will be able to display information and data quickly and cost effectively for easy access by IFAs.The […]

Eurolife launches investment bonds for IFAs

Eurolife is launching a range of investment bonds to the IFA market.The range includes a five year Capital Protected Bond Isa, a One-Year Plus Guaranteed Bonus Bond and an International Zero Risk Capital Bond for the offshore market.The Capital Protected Bond Isa provides 100 per cent return of capital after five years with the potential […]

Winterthur monitors Jupiter fund performance

Winterthur Life has found that all of the funds within its Elite Managed funds still meet the performance criteria set when it lanched in November.The committee is keeping a close eye on the Jupiter fund, which despite its poor results recently has an excellent long term track record.Winterthur Life marketing manager Sandra Fulton says: “As […]

National IFA announces bumper year

National IFA Towry Law made a £3.1m profit in 1999 the highest since it floated in November 1993.The national IFA&#39s preliminary results for the year ending 31 December 1999 also show a 54% increase in turnover to £34.1m in 1999 from in £22.1m 1998.The firm says it took advantage of the fragmentation of the IFA […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]


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