Abbey mortgages ‘to help first-time buyers’ Abbey mortgages could make life easier for first-time buyers, the lender claims, thanks to a new range of products tailored specifically to meet the needs of those struggling to get a foot on the property ladder.
Investec chooses Alliance Trust for investments Investec, the international specialist investment manager, has passed over the administration duties of its ISA and PEPs invested in the Temple Bar Investment Trust to Alliance Trust, the financial services company.
Burgeoning debt industry loses its allure If you watch television, listen to the radio or are an habitual reader of tabloid newspapers, you have seen or heard the advertisements. Sinking in debt? Clear your debts in three to five years.
Cash release schemes may make comeback Home reversion plans, which used to be a popular way for homeowners to release cash from their property, could be set for a comeback as formal regulation of these schemes next April is likely to give them some much-needed respectability.
Bad habits can lead to a healthy income Healthy individuals face shrinking pension incomes as the increased popularity of enhanced annuities, which offer better deals to people likely to die younger, is piling further pressure on to already low standard rates.
UK managers follow US model to offer high returns There is a type of equity fund that is hugely popular in the US but has yet to take off in a big way in the UK. Known as a covered call fund, it combinestraditional equity investments with derivatives to generate higher levels of income.
Buyers flock to spread the cost of a home loan More and more first-time buyers are willing to shelve their differences and share their living space for a more affordable step on to the property ladder. According to lenders, record numbers of 20 and 30-somethings are pooling their funds and taking out
Buffett ends sleepless nights for many Names Warren Buffett’s offer to absolve Lloyd’s Names from future potential liabilities should put an end to decades of uncertainty for many of the 34,000 Names, not least in their inheritance tax planning.
How to make a big hit in one tax year The new pension rules significantly lifted the bar on contribution thresholds. But a small group of high-flying executives and City workers are taking advantage of a loophole that allows them to pay even more into their schemes, at least for one tax year.
Alternative routes when Treasury splits heirs The Treasury’s threatened clamp-down on Alternatively Secured Pensions is leading to a search by pensions savers and their advisers for other ways of obtaining comparable tax breaks.