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Halifax drops cost of fixed rates

Halifax is cutting the price of fixed rate mortgages.

A two-year fixed rate for homebuyers is falling from 4.4% to 4.3%, while a three-year fix drops from 5.15% to 4.99%. A five-year fix falls from 5.4% to 5.2%.

For remortgages, Halifax is dropping the two-year rate to 4.59%, while a five-year fixed rate is available from 5.25%, down from 5.4%.

The bank has also launched a three-year tracker capped at 5.25%. Available to all homebuyers at up to 97% LTV, the three-year capped tracker has a pay rate of 0.75% above base rates. There is an arrangement fee of £299.

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them

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