You are here: Home - Insurance - News -

Product launches of the week

0
Written by:
23/05/2014
The Premier Group launches socially responsible investment fund; Sainsbury's Bank unveils two new credit cards; Strawberry Invest adds research tool.

Funds

The Premier Group has launched a Socially Responsible Investment fund, which will give retail investors access to socially responsible investments from a minimum of £1,000.

The fund is structured as a fund of alternative investment funds, holding assets in companies dealing in clean energy, resource recover & recycling, sustainable food production and clean water provision.

Mortgages

Metro Bank has reduced the rates on its five year fixed rate mortgages. Customers seeking mortgages under £1.5m can expect to pay between 3.09 per cent for 60 per cent loan to value (LTV) and 3.99 per cent for 85 per cent LTV.

Equity Release

Aviva‘s equity release lifetime mortgages have been enhanced to reflect the evolving market. The new mortgage provides loans of £15,000 exempt from early repayment charges within three years of one of the customers passing away or a voluntary partial repayment feature, which enables new customers to make repayments once they’ve held the lifetime mortgage for a year. Customers can repay 10 per cent of the initial amount they borrowed in four instalments every anniversary year.

Pure Retirement has launched the Pure Lump Sum Plan, its second product since entering the sector three months ago. Available to retirees over 60, the new product’s loan-to-value ratios begin at 24.5 per cent and can rise to 52 per cent at age 85. Interest rates are fixed for the duration of the plan and loans are available between £10,000 and £250,000 in Wales and up to £600,000 in England.

Credit

Sainsbury’s Bank has launched two new credit cards. Their Sainsbury’s Nectar Balance Transfer Credit Card offers 29 months interest free on balance transfers and a balance transfer fee of 2.89 per cent.

The Sainsbury’s Nectar Low BT Fee Credit Card offers a balance transfer fee of 0.5 per cent and 12 months interest free on balance transfers and new purchases. Both cards offer double nectar points on Sainsbury’s shopping and one point for every £5 elsewhere.

Insurance

Legal & General has launched an Income Protection Benefit (IPB) product which includes an income guarantee ensuring that state benefits won’t be deducted from the monthly payments. Income guarantee will be introduced for the lesser of £1,500 or the monthly benefit amount specified in the policy schedule.

Friends Life has enhanced its Protect + Critical Illness Cover, including changes to how it covers heart attacks, multiple sclerosis, benign brain tumours and child cover benefits.

Tools

Strawberry Invest has launched The Strawberry Research Centre, an online tool that allows consumers to test out investments before they buy in. They can chart performance, compare funds and see how different combinations of investments work together. A speedy ‘checkout’ function enables investors to easily buy the funds they have tested.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

  • ‘Alarming’ rise in number of young fraud victims https://t.co/V36VxziCZz by @yourmoneyuk
  • RT @RCIBank: Generation Sensible is the new millennial, with 68% saving money each month by choosing @NetflixUK over nights out . #Celebrat
  • RT @Rob63y: They’re currently doing the same to me 😡😡 happy to take the premium £4500 over the last 2.5 years now twisting moratorium to th…
Read previous post:
Number of nuisance PPI calls tumbles

The number of unwanted calls about mis-sold payment protection insurance (PPI) has fallen significantly over the past year, according to...

Close