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Cirencester Friendly Society to relocate

The recent tremendous growth of Cirencester Friendly Society means that they are having to uproot and move to a larger site in the Cotswold town of Cirencester – their first move in over 90 years.

This is due to the success of Cirencester&#39s income protection product, Income Assured, launched in October 1999. API Sales in 2000 were £662,800 and in 2001 they more than doubled to £1,322,000.

Cirencester Friendly Society Limited is a single product provider specialising in Holloway-style income protection. This offers the ability to protect up to 60% of earnings, cover for every day of the year, level benefit, inflation proofing option, day one cover or a choice of deferred periods, a choice of retirement ages, rehabilitation benefit for partial return to work, proportionate benefit for return to lower paid work, a tax-free cash sum at retirement (under current legislation), entry from 16 up to 60, and housepersons cover.

It also offers a penalty-free career break option, terminal illness benefit, and accident protection option for deferred periods.


MCCB must act

An open letter to the MCCBI joined an operation on a franchise basis in 2001 but in June of this year the business was put into administration. As a consequence of this order, I am owed, along with a large number of others, monies for completed procuration fees, insurance fees and a proportionate loss of […]

MarketPlace launch 2 year discount

The MarketPlace at Bradford & Bingley, has launched a 2 year stepped discount mortgage funded by Bristol & West. The product has an initial pay rate of 2.95%. Key features include: o 3.00% discount until 31/10/03 o Followed by 0.75% discount until 31/10/04 o £300 cashback o Maximum Loan to Value of 95% o Free […]

Cashback incentive added to no-ties five-year fixed rate loan

A £200 cashback is being offered to borrowers applying for Leeds & Holbeck&#39s no-ties five-year fixed rate mortgage by the end of September. Applicants will receive the payment on completion of the loan. The mortgage is available at 5.49% for loans up to 90% of property value or 5.89% up to 95%. Key product details […]

My Mortgage week – Jeff sutherland-kay

Monday: One of the wonderful things about having left Alliance & Leicester after nearly 24 years is that I don&#39t have to get up early. Why then, am I up at 6.30? Still, I suppose that&#39s later than when I was on the treadmill so that&#39s some consolation. Manage to shave without slicing bits off […]


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