As West Brom well knows it’s the kind of offer that is quite hard to ignore
As West Brom well knows, it’s the kind of offer that is quite hard to ignore. West Bromwich Building Society caused a bit of a stir in the personal finance world last week by announcing it was to become the first ever lender to give away a free car with every mortgage. Mr Melvin suggests you increase your investment and review your provision with a pensions specialist IFA.. If this would attract a transfer penalty you could redirect your contributions to the stakeholder pension of your choice. The most important factor in building up your pension pot is the result of compound interest, which means the early money does the hardest work. He suggests you investigate whether you can transfer on a “bid to bid” basis your existing fund into the NU stakeholder plan, which would cap charges at 1 per cent annually. “Charges are important, but investment performance is more important,” he argues.
The plan is roughly in line with NU’s projected growth for the policy. According to that table of projected growth it is only after 10 years that my fund takes off in relation to deductions, and so I intend to keep my contributions to their minimum for the next four years and then substantially increase them: my theory is that by doing so I will have negated the effect of the up-front charges Am I correct? GH, LondonA. I started a personal pension plan with Norwich Union six years ago. If you are unsuccessful, all we can suggest is that you try to get on with rebuilding your lives Failing in business can be an extremely damaging event.Q I am 30. We note that you have initiated action against your former solicitor, alleging that his negligence caused you to fail to meet the courts’ time limits.
There appears to be no action you can take against RBS, nor have you proved that the bank is in the wrong. Your claim is outside the scope of the Financial Ombudsman Service as it is above its £100,000 limit You are now out of time to lodge legal action against RBS. It says the fact that the mortgage was only in your name proves that she did not part-own the property. Lawyers of the bank say you misunderstand the meaning of the Matrimonial Homes Act, which does not provide for automatic joint ownership of the family home. It also states that you sold the home in order to repay the overdraft, avoiding bankruptcy, and that your lawyer acted in accordance with your instructions.RBS points out that it has written off £24,000 of your debt in recognition of the hardship caused to you and the efforts you made to repay the overdraft. We insist the bank’s action was unfair, but the bank refuses to accept it is in the wrong BL, Folkestone.
A. There is a fundamental disagreement between yourself and RBS regarding the facts of the case.
