View more on these topics

Abbey launches new guaranteed investment products

Abbey is launching a new range of guaranteed investment products linked to the FTSE 100.

The guaranteed capital plus issue 3, launches on Wednesday until September 9, 2008, will be available for three and a half or six years periods.

The product offers 18 per cent return if the FTSE 100 has increased over three and a half years and 40 per cent return for six years, with a guaranteed minimum return of two per cent if the index has stayed the same or decreased over both periods.

Minimum investment for both options is £1,500. For the six-year option, customers can invest through an Isa and returns will be free of income and capital gains tax. They also have the option of investing outside an Isa.

Abbey director of savings and investments Reza Attar-Zadeh says: “This product gives investors an exposure to the superior returns available from linking to equity markets without putting their capital at risk. The product is tax efficient and ensures a guaranteed minimum return, regardless of the stock market performance.”


Star of India

Emerging markets continue to attract large amounts of investors’ money and single-country funds are grabbing a lot of attention. Brokers should remember, however, that these are inherently more volatile than funds with a wider remit. One of the countries grabbing most of the headlines is India.

Kensington to axe half its workforce

Kensington is to make up to 75 of its 160 staff redundant. Job cuts are to come from across the company. A spokesman says it told staff this week and will now enter a 30-day consultation period.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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