Story by: Dominic Welling, Financial Adviser
With savers concerned about declining interest rates, Legal & General International (Ireland) has joined forces with HSBC to provide a series of structured deposits, to offer customers potentially better returns than are currently available on traditional deposit accounts.
Aegon UK has announced that it is set to launch a retirement solution, the Secure Lifetime Income plan, to replace its existing 5 For Life plan, as a result of the "current market climate".
Borrowers are taking advantage of lenders' low interest rates before they start to rise again and are fixing their mortgages for longer terms than usual, according to Mortgageforce.
Leeds Building Society has launched a two-year fixed rate mortgage at 3.40 per cent.
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Co-operative Bank has launched a three-year tracker mortgage at a rate of 2.39 per cent.
Aviva Investors has launched its Defined Returns fund offering investors potential defined returns of 8 per cent.
Evaluate Technologies has launched a new mortgage website for consumers, which only shows them the deals for which they are eligible, rather than letting them apply for unsuitable products and subsequently damage their credit rating.
Abbey for Intermediaries has launched two new exclusive two-year fixes through its key account partners, offering a rate of 3.54 per cent.
Meteor Asset Management has launched its latest Prima Plus Plan, the Prima Plus 6, which offers a 9 per cent return.
Lloyds TSB has launched a 95 per cent mortgage product targeted specifically at first time buyers, with a rate of 4.39 per cent.
Barclays Bank’s approach to switching clients from one product to another should be probed following a Financial Ombudsman Service provisional ruling against the banking giant, according to an IFA.
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