View more on these topics

Allied Irish Bank offers two track investment

Allied Irish Bank is targeting building society savings account holders with its equity linked deposit account.

Investors are given a choice as to whether they want to make their investment in Euros or sterling. The decision they make will have a bearing on what index the investment will follow. Investments in sterling will be linked to the FTSE 100 and investments in Euros will be linked to the Dow Jones EuroStoxx 50.

The investment is capital protected so clients will at least get their original capital back at the end of the five-year term, no matter how the indices perform. If the level of the FTSE 100 rises between December 7, 2000 and December 7, 2005, investors will get 75 per cent of this growth. If the Dow Jones EuroStoxx 50 rises during the term, investors will get 60 per cent of this growth.

The deposit account is suitable for cautious investors who want to take the first steps towards a stockmarket investment. It is fairly competitive compared to some capital protected products which offer investors a lower percentage of growth.

As an offshore product it is unlikely to prove very popular with UK investors, but it could find a niche among foreign nationals living in the UK.

Over a five year period, the FTSE 100 index went up from 3529.116 points on October 31, 1995 to 6438.42 points on October 31, 2000.



Fairplay and Crowe launch cash life assurance plan

Fairplay Insurance Services and Crowe Life are launching a life assurance product aimed at people who do not have a bank account. The life assurance plan can be paid monthly in cash through any Post Office in the UK, as well as annually by cheque or postal order. Fairplay managing director Chris Jordan says: “There […]

L&G act with lenders to offer improved access to online mortgages

Legal & General is revam-ping its online mortgage decisions software to allow advisers to input borrowers&#39 data directly into lenders&#39 application systems.L&G says the new facility will allow advisers to produce credit-scored acceptances in principle in 60 seconds.The life office also says the new functions have been developed following collaboration with its supporting lenders. Advisers […]

Brass brand loses tune

“Brand New” is an excellent new Victoria & Albert exhibition running until January 14, next year. It features case studies from the worlds of techno-goods, communications, soft drinks, fashion, football and food.The exhibits show the power and value of well managed brands in these sectors and demonstrate how brands such as Coca Cola, Nike, Body […]

MSDW looks East

Morgan Stanley Dean Witter has extended its range of Sicav funds with its emerging European markets fund.The fund aims for capital growth by investing in the former Soviet Union, the middle East and north Africa. It will also invest in developing European countries including Hungary and Turkey.Diversity is ensured through a mixture of telecommunications and […]


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