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Barclays reissues defined returns

Barclays Wealth is reissuing the defined returns annual kick-out (AKO) plan with a new investment option, allowing advisers to tailor the plans to suit different risk/reward profiles.

The plan’s AKO 100 option offers a return of 12 per cent for each year the plan is in force. It will kick-out and deliver its return on any anniversary where the FTSE 100 matches or exceeds its starting level. The AKO 80 option offers a return of 7 per cent for each year the plan is in force. It will kick-out and deliver its return on any anniversary where the FTSE 100 is either the same or higher than 80 per cent of its starting level.

With both options, if there is no automatic maturity within the five-year term, capital will still be repaid in full unless the index falls by more than 50 per cent and is below the starting level at maturity. Capital loss is on a one to one basis in line with the index.


Our spending slump is hitting the world’s poor

Returning from Australia late in January, we avoided the misery of travelling for 26 hours non-stop by taking a two-day stopover in Dubai. Having spent a miserable time being monsoon rained upon for days on end in the Whitsunday Islands (discovered by James Cook, British navigator on Whit Sunday in 1770 – us Brits are nothing if not logical, albeit somewhat unimaginative), we were determined to have some last-minute sun before returning to our cold and snowy shores.

The duallists

I would like to start this article with a look at an important case dealing with the assessability of the proceeds under a keyperson policy. You will know that it is generally accepted that if premiums are not deductible under a keyperson policy, the sum assured will usually not be assessable. One main reason for non-deductibility is duality of purpose, that is, a purpose other than a pure revenue purpose.

Fad funds faltering

Two-thirds of themed Isas are showing a negative performance, according to Skandia research.

The exile files

The Investment Management Association has brought an end to months of uncertainty by unveiling the constituents of its newly launched UK equity income and growth sector.


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