View more on these topics

6.8% income deal on HSBC six-year plan

HSBC Asset Management is offering a capital and income plan which returns the investor&#39s capital at the end of six years and offers a fixed income payment of 6.8 per cent after year one.

For the remaining five years, the plan will return variable income payments of between zero and 6.8 per cent a year.

The plan is linked to the performance of four stockmarket indices which cover the UK, Europe, the US and Japan.

Intermediary business managing director Jon-athan Polin says the product differs from other offerings in the marketplace because value is taken from the launch of the product and carried through the life of the investment.

The offer period opens this week and closes on April 16.

Minimum investment is £3,000 and there is no maximum investment other than normal Isa ceilings.

Initial commission is 3 per cent with no trail which is standard for structured products.

Chelsea Financial Ser-vices bond manager Matt-hew Woodbridge says: “The fact that this is an income product with protected capital makes this product very attractive.

“Previously, there was not the choice in this sector that this option provides. It forms the middle ground between high-risk high returns and low-risk low returns.”

Recommended

Mansfield Building Society – Buy-to-Let Mortgage

Type: Discounted-rate buy-to-let mortgage Discounted term: Two years Discount:1% Payable rate 4.75% Minimum loan: £35,000 Maximum loan: Up to 75% of valuation subject to a maximum loan of £250,000 Income multiples: Rental income must be at least 130% of monthly mortgage repayments Arrangement fee: £250 Redemption fee: 3% of the original loan in years one […]

Tax Planning

Over the next few weeks, I will look at some of the key proposals in the pre-Budget report and consider what they could mean to those in the business of giving financial advice. I will start with income tax. The Chancellor gave details of the main personal allowances applicable for 2004/05. There were no real […]

Mansfield Building Society – Buy-to-Let Mortgage

Type: Discounted-rate buy-to-let mortgage Discounted term: Two years Discount`:1% Payable rate 4.75% Minimum loan: £35,000 Maximum loan: Up to 75% of valuation subject to a maximum loan of £250,000 Income multiples: Rental income must be at least 130% of monthly mortgage repayments Arrangement fee: £250 Redemption fee: 3% of the original loan in years one […]

Beware of pension planning blight – Ritchie

Advisers are being warned to get up to speed with the effects of the pensions simplification proposals, or risk affecting the advice they give their clients now. Scottish Equitable pensions development director Stewart Ritchie says the three month delay caused by Gordon Brown&#39s referral of aspects of the £1.4 million lifetime allowance to the National […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com