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Mortgage lending jumps to £10bn at Standard Life Bank

In 2003, the bank broke into profit a year ahead of schedule and the momentum in the bank&#39s growth has continued into 2004. Profits for the Bank to May 15 2004 were £6m compared with £2.1m for the same period last year.

Anne Gunther, chief executive of Standard Life Bank, says: “Breaking through the £10bn barrier is a great achievement and represents a significant milestone in a journey which has seen Standard Life Bank grow from a standing start when we entered the mortgage market in 1999 to establishing ourselves as a key player. Our success is due to strong relationships with mortgage introducers, the popular flexible features of our Freestyle mortgage and great customer service.

“This latest achievement builds on the significant milestone of breaking into profit last year. We now have the scale to really add to the overall Standard Life Group, providing a core financial planning tool to our customers through our Freestyle mortgage.”


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Opus range for Mortgage Promotions members

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A View From The floor

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Interactive Investor moves to Moneyfacts for personal finance data

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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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