Money Marketing
1 January 2003

  • Abbey National launches online share dealing service

    6 Jan 2003

  • ABI says regulation is not the answer to Sandler

    3 Jan 2003

    Regulation of the sales process of Ron Sandler's stakeholder style products is only one part of a "three pieced jigsaw puzzle" according to the ABI and on its own will not help to close the savings gap.

  • Aegon takes 9.9 per cent stake in Personal Touch

    2 Jan 2003

    Aegon UK has taken a 9.9 per cent stake in Midlands-based Personal Touch Insurance for an undisclosed fee. Personal Touch specialises in individual protection and has 42 offices across the UK and 100 support staff based at its Head Office in Solihull.

  • Bristol & West - 1 Plus Bond

    3 Jan 2003

    Friday, 3 January 2003Type: High interest accountMinimum-maximum investment: £5,000-£1mInterest rate: 4.1% gross a year, 4.01% gross a monthTerm: 15 monthsOffer period: Until further noticeWithdrawal penalties: No withdrawals permitted during termTel: 0808 181 1111

  • Britannia BS launches guaranteed bond

    3 Jan 2003

    Britannia Building Society is launching an equity bond which guarantees the full return of the original investment regardless of stockmarket performance.

  • Britannia Building Society - Guaranteed Capital Equity Bond

    7 Jan 2003

    Tuesday, 7 January 2003Type: Guaranteed equity bondAim: Growth linked to the performance of the FTSE 100 indexMinimum-maximum investment: £500-£500,000Term: Five yearsGuarantee: Capital returned in full at end of term regardless of movement in indexReturn: Up to 35% growth at end of termClosing date: March 6, 2003Commission: NoneTel: 0800 132304

  • Britannic enters purchased life market

    6 Jan 2003

    Britannic Retirement Solutions has entered the purchased life annuity market.

  • Britannic to suspend with-profits bonus and dividends

    6 Jan 2003

    Britannic Group has announced that it could suspend bonuses for with-profits policies this year and is unlikely to pay dividends to shareholders. It says it is taking this action as a result of the worst year for equities since 1974. It has reduced the equity backing for its with-profits fund from 72 to 42 per cent. The fund currently has a free asset ratio of 6 per cent.

  • CA warns FSA on lighter touch regulation

    3 Jan 2003

    The Consumers’ Association says the FSA's proposals for lighter touch regulation must include suitable regulatory protection.

  • CML calls for better policy making on social housing

    7 Jan 2003

    The Council of Mortgage Lenders is calling on the Government to open up the debate on the funding of social housing. The CML has launched a new briefing paper on funding options pointing out that private finance from lenders for social housing of £27 billion to date has been an effective way of stretching limited public money. It now wants lenders to have more say in policy making.

  • F&C scraps front-end loads

    6 Jan 2003

    F&C is scrapping front-end loads on its UK-marketed open-ended funds but continuing to offer commission to IFAs.

  • FSA publishes Sandler sales options

    2 Jan 2003

    The FSA has published three possible options for the new sales regimes to accompany the Sandler suite of stakeholder products, none of which include full-blown advice.

  • Govett offers 1 per cent discount off funds

    7 Jan 2003

    Fund manager Govett Investments is trying to drum up business this Isa season by offering IFAs 1 per cent discount on its top performing and most popular funds.

  • Hargreaves hands 10 funds to Investec

    7 Jan 2003

    Hargreaves Lansdown is handing over management of 10 funds to Investec Fund Managers in a move the IFA says will allow it to concentrate on its multi-manager products.

  • Irish Life International - Secured Growth Bond 10

    7 Jan 2003

    Tuesday, 7 January 2003Type: Guaranteed equity bondAim: Growth linked to the performance of the FTSE Eurotop 100 indexMinimum investment: Lump sum Euro 10,000, £10,000Place of registration: DublinInvestment split: 100% linked to the performance of the FTSE Eurotop 100 indexGuarantee: Option A - 100% capital returned in full regardless of movement in index at end of five year term, option B - 90% capital returned in full regardless ...

  • Kreis Consulting - BodyCage

    3 Jan 2003

    Friday, 3 January 2003Aim: Growth by investing in BodyCage, a company that has invented a body protection product for equestrian horse ridersMinimum investment: Lump sum £15,000Opening/closing dates: November 15, 2002/January 31, 2003Charges: Initial 6%Commission: Initial 3%Tel: 0141 564 1523

  • Kreis Consulting - DriveTec

    6 Jan 2003

    DriveTecMonday, 6 January 2003Aim: Growth by investing in DriveTec (UK), a company that has invented a vehicle transmission system designed to improve fuel efficiency and reduce exhaust emissionsMinimum investment: Lump sum £15,000Opening/closing dates: November 1, 2002/January 31, 2003Charges: Initial 6%Commission: Initial 3%Tel: 0141 564 1523

  • Kreis Consulting - UK Industrial Income

    2 Jan 2003

    Thursday, 2 January 2003Type: Unauthorised exempt unit trustAim: Income by investing in UK industrial propertyMinimum investment: Lump sum £10,000Investment split: 100% in UK industrial propertyYield: Up to 8% gross a yearIsa link: NoPep transfers: NoCharges: Annual 0.35%Commission: Initial 2%Tel: 0141 564 1523

  • Kreis unleashes moderately geared property fund

    7 Jan 2003

    Kreis Consulting has established a property fund that invests in two commercial properties in the UK.

  • L&G launches new survey

    3 Jan 2003

    Legal & General has launched its largest ever Mortgage Club survey.Over 7,500 mortgage advisers will be consulted about the performance of lenders and the issues affecting the industry in the eighth annual survey.The results of the survey will also be used to determine the winners of this year's Mortgage Club awards, which will be presented at a gala lunch in the Spring.

  • L&G offers charge free Isa investments

    6 Jan 2003

    Legal & General is offering to refund the annual management charge and all other charges for 2003 on all lump sum index tracking Isas set up this Isa season.

  • Mellon seizes on emerging markets outsourcing

    2 Jan 2003

    Mellon Global Investments has expanded its range with the introduction of the Mellon Global emerging markets fund.

  • Millfield creates new appointment

    2 Jan 2003

    Millfield Partnership has created the new position of marketing communications executive as part of its drive to promote expansion.Joanna Butler been appointed to the role from IFA and employee benefits consultancy Partridge, Muir & Warren where she was marketing manager.Butler's role will be to increase and manage Millfield's public relations initiatives and develop media spokespeople, as the national IFA continues to broaden its areas of specialisation.

  • Northern Rock - Fifty:Fifty Issue 16

    6 Jan 2003

    Monday, 6 January 2003 Type: Guaranteed equity bond and high interest account GUARANTEED EQUITY BOND Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £2,500 Term: Five years Guarantee: Capital returned in full at end of term regardless of performance in indexReturn: Up to 70% of growth at end of term Closing date: January 15, 2003 HIGH INTEREST ACCOUNT Minimum-maximum ...

  • Northern Rock launches new fixed rate bonds

    7 Jan 2003

    Northern Rock is launching three new limited issue fixed rate bonds.The bonds will bear interest rates of 4 per cent for one year, 4.15 per cent for two years and 4.3 per cent for three years.They will be available by postal applications or through Northern Rock branches from January 8 on investments of at least £500.

  • Sedgwick offers online calculators

    3 Jan 2003

    Sedgwick Independent Financial Consultants is offering an online package to help people complete their self-assessment in time for the January 31 Inland Revenue deadline.

  • SG Asset Management - UK Select Opportunities

    2 Jan 2003

    Thursday, 2 January 2003Type: Unit trustAim: Growth by investing in UK equitiesMinimum investment: Lump sum £1,000, monthly £50Investment split: 100% in UK equitiesIsa link: YesPep transfers: YesCharges: Annual 5.25%, initial 1.5%Commission: Initial 3%, renewal 0.5% for Isa investments and Pep transfers onlyTel: 0808 1004432

  • Smith made deputy sales director at Scottish Life

    7 Jan 2003

    Scottish Life is promoting Jim Smith to the newly created position of deputy sale director from his former role as head of promotion and e-business.

  • SocGen takes 2-3 year view on stocks

    3 Jan 2003

    SocGen Asset Management has established the UK special situations fund, a unit trust that invests in a portfolio of between 40 and 80 stocks.

  • Three year discount at 4.15 per cent from Derbyshire

    6 Jan 2003

    Derbyshire Building Society is launching a fee-free remortgage product offering a three-year discount of 1.54 per cent off its standard variable rate, currently 5.69 per cent, giving a payment rate of 4.15 per cent.

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