View more on these topics

Scottish Widows Bank joins eMoneyfacts Savings Club

Scottish Widows Bank has joined the eMoneyfacts Savings Club to give brokers a wider range of choice of savings products for their clients.

Brokers members of the savings club can now arrange Scottish Widows Bank’s eCash ISA, its Direct Transfer Account and its one-year fixed term deposit account.

Scottish Widows Bank will pay 0.05% in ongoing commission on a quarterly basis on the balance of accounts opened, giving brokers a long-term income.

Gordon Bowden, business development director at Scottish Widows Bank, says: “We’re delighted to be able to offer our products through the eMoneyfacts Savings Club and to allow more brokers the chance to conduct savings business with us and earn much needed commission.”

Ed Payne, head of eMoneyfacts, says: “Over 300 members have signed up to the club so far and brokers have shown that when they are supported by a specialist distributor, they are ready and willing to do business in the market.”

The club says it is also in advanced negotiations with a number of other savings providers.


Abbey (and Alliance & Leicester) announces good Q1 figures

Abbey announced its results (unaudited) for the first quarter of 2009 this week and these confirmed a further increase in the bank’s (now also including Alliance & Leicester) market share of gross lending, pushing the figure back up to an estimated 15%, compared to only 11.0% in the previous quarter.

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


News and expert analysis straight to your inbox

Sign up