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Aegon will guarantee to increase the income base of customers invested in its unit-linked variable annuity product every year, regardless of the underlying investment performance, as the insurer makes a raft of changes to its Secure Lifetime Income (ASLI) offering.
Axa will begin offering variable annuities before the end of 2010, Michael Gregg, managing director of Axa Global Distributors, has announced.
Almost 1,000 new mortgage products hit the shelves in January - the biggest monthly increase in a year - according to sourcing firm Mortgage Brain.
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Variable rate mortgages accounted for 80.9% of loans arranged by broker John Charcol in December 2009.
The popularity of fixed-rate mortgages continued to fall in October, with their share of the market falling to 26.3%, according to John Charcol.
Borrowers are increasingly moving towards long-term fixed rate deals as two-year fixed rates top 7%, according to Spicerhaart Financial Services.
Bradford & Bingley has raised its mortgage rates by as much as 0.55% for new borrowers.
Most Britons would prefer to choose a fixed rate mortgage product when they come to remortgage, according to Fairinvestment.co.uk.
The Mortgage Advice Bureau has accused the banking industry of flying in the face of treating customers failry (TCF) regulations over its handling of the latest drop in interest rates.
Landlords may be avoiding investing in new properties because of the credit crunch, according to research by Hamptons International Mortgages.
More homeowners are opting for longer-term variable rate mortgages because of uncertainty over the direction of interest rates in the future, according to Hamptons Mortgages.
Consumers are increasingly turning to variable rate mortgages as they believe interest rates have now peaked, according to Spicerhaart Financial Services.
Mortgage Broker John Charcol claim variable rate mortgages are still a better deal for consumers, despite expecting another rate rise before the end of the year.
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