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Sales growth suggests a gradual return of consumer confidence

New business figures from the ABI show that, for the first time in two years, the amount invested in regular premium life and pensions policies is on an upward trend.

In the first nine months of 2003 the value of new premiums increased by 3% from £836m in January to £863m in October. This compares to a fall of 8.3% over the same period in 2002.

Mary Francis, Director General of the ABI, says: “So far 2003 has been an encouraging year and our figures suggest that consumer confidence is gradually returning. However the Government&#39s message on the need to boost pension saving is still not being heard as strongly as it might be.”


Halifax reduces fixed rates and launches FTB capped tracker

Halifax has reduced its two and five year fixed rate mortgages and launched a capped rate tracker exclusively for first time buyers. For homemovers, fixed rates have been reduced by up to 0.10% and for remortgages up by 0.16%. And the capped rate tracker product will be available at Bank of England plus 1%, capped […]

Leeds & Holbeck re-enters long-term fix market

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Skipton appoints head of corporate investments

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Firm using similar name is causing confusion

From John MawdsleyI would like to bring to your attention some confusion in the marketplace brought about by a third party. The Mortgage Partnership has been trading since early 1997 and recently launched a broker support service (Mortgage Strategy October 20). This service has been designed to help those brokers wishing to prepare for direct […]

Pension savings-2015

Overseas transfer charge

By Jim Grant, Senior Product Insight & Technical Support Analyst, Royal London Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS). A transfer to an overseas pension scheme that isn’t a QROPS is therefore an unauthorised payment and taxed accordingly. However, even if the […]


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