View more on these topics

Abbey fixes bond rate at 3.8%

Abbey has set up its eighth guaranteed income bond.

The single-premium life insurance investment plan guarantees a fixed income and a full return of capital if the bond is held for its four-year term.

Abbey is offering investors the choice of either monthly or quarterly income of 3.77 per cent a year or an annual income payment of 3.8 per cent a year.

Income from the bond is paid net of basic-rate tax, which is not reclaimable by non-taxpayers and starting-rate taxpayers. Minimum investment is 5,000 and maximum is 250,000. Closing date is February 7.

Recommended

Making allowances

An important issue in respect of the new A-Day legislation which still requires clarifi-cation is whether personal contributions in excess of an individual’s earnings to a registered pension scheme made after A-Day will count towards the annual allowance. According to the CII, personal contributions in excess of the greater of 3,600 gross and an indiv-idual’s […]

Peers plea for FSA to regulate claim chasers

Peers working on the Compensation Bill are to meet Treasury Economic Secretary Ivan Lewis in a bid to persuade him that the FSA is the best body to regulate claim management firms rather than the Claims Standards Council, the Law Society or a new body. Tory peer Lord Hunt of Wirral says the amendments he […]

Burning the house down

Britannic’s Burns Night celebration wins the Diary’s occasional (that is, annual) prize for the most aggressively Scottish party held in England. This may not sound too challenging but the firm went so far as to employ an over-zealous actor to dress as Robert Burns and slash into a 3ft haggis with a knife longer than […]

Deutsche marker

Guy Anker considers the entry of Deutsche Bank into the UK mortgage sector

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?

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