HSBC-owned first direct has launched a new offset tracker mortgage with an interest rate at 2.48% above the Bank of England’s base rate.
With the Bank of England’s base rate at 0.5%, this gives first direct’s mortgage a headline rate of 2.98%, or 3.2% APR.
Unlike any other tracker mortgage currently available, first direct’s product is capped [...]
July 3rd, 2009 | Posted in 2.48%, 4.99%, All Financial News, Bank of England, Base rate, First Direct, HSBC, Mortgage News, capped, interest rate, tracker mortgage | No Comments
HSBC this week launched the Onshore Investment Bond, aimed at clients seeking a professionally managed, whole market investment portfolio.
The bond offers Independent Financial Advisers (IFAs) a choice of investments in almost 2,000 funds – OIECs and Unit Trusts – from more than 100 fund managers.
Two versions of the bond are available – ‘Select’, for fee [...]
July 3rd, 2009 | Posted in All Financial News, HSBC, IFAs, Investment News, Onshore Investment Bond, bond, investment product, new product | No Comments
HSBC this week launched the Onshore Investment Bond, aimed at clients seeking a professionally managed, whole market investment portfolio.
The bond offers Independent Financial Advisers (IFAs) a choice of investments in almost 2,000 funds – OIECs and Unit Trusts – from more than 100 fund managers.
Two versions of the bond are available – ‘Select’, for fee [...]
July 3rd, 2009 | Posted in All Financial News, HSBC, IFAs, Investment News, Onshore Investment Bond, bond, investment product, new product | No Comments
Many women over 50 have ‘given up’ saving for retirement due to the recession, according to research by Scottish Widows.
In research for its fifth annual UK Pensions Report, the pensions provider found that one in five (22%) women over 50 are now saving nothing towards their pension.
This is up from 14% a year ago, and [...]
July 3rd, 2009 | Posted in All Financial News, Pensions News, Scottish Widows, UK Pensions Report, age gap, gender gap, over 50's, poll, research, savings, women | No Comments
Many women over 50 have ‘given up’ saving for retirement due to the recession, according to research by Scottish Widows.
In research for its fifth annual UK Pensions Report, the pensions provider found that one in five (22%) women over 50 are now saving nothing towards their pension.
This is up from 14% a year ago, and [...]
July 3rd, 2009 | Posted in All Financial News, Pensions News, Scottish Widows, UK Pensions Report, age gap, over 50's, poll, research, savings | No Comments
Falling house prices and uncompetitive deals are pushing homeowners to pay off mortgages rather than cash in on homes, according to the Bank of England

July 3rd, 2009 | Posted in Uncategorized | No Comments