View more on these topics

Barclays says hello to Hi-ilda

Barclays Private Clients International has created the fifth issue of its high interest index-linked deposit account (HI-ILDA).

HI-ILDA 5 is a combination of a guaranteed equity bond and a high-interest account. It is available in a choice of currency denominations – sterling and US dollars.

Half of sterling investments will go into a high-interest account, which is fixed at 7 per cent gross for 12 months. The remainder will go into a guaranteed equity bond that tracks the FTSE 100 index during a five-year term. A full capital return is guaranteed whatever happens to the FTSE 100 index and 60 per cent of any increase in the index during the term is also offered.

Investments in US dollars are split differently between the elements. Forty per cent goes into the high-interest account element, which pays 5 per cent gross for 12 months. The remainder will go into a guaranteed equity bond that is linked to the S&P 500 index for five years. Investors get a full capital return whatever happens and up to 50 per cent of any growth in the index.

This product is similar to Northern Rock Guernsey&#39s offshore fifty:fifty, but the rival product is available only in sterling, while offshore investors may prefer other currencies.

The sterling version of the Barclays product offers the same interest rate on the high-interest account element as the Barclays product, but has no withdrawal penalties. Withdrawals with Northern Rock incur a penalty of 90 days&#39 loss of interest.

However, on the guaranteed equity bond element, the Northern Rock product offers 70 per cent growth in the FTSE 100, which is 10 per cent higher than Barclays is offering.


Swift solution for Selestia

Technology provider Sirius Financial Systems and fund supermarketSelestia are teaming up to offer IFAs end-to-end processingcapabilities when using the software provider&#39s Swift system.IFAs using Swift will be able to access Selestia&#39s suite of onlinetools to create bespoke investment portfolios for their clients fromthe 336 investment funds Selestia offers.The deal also means Swift users will be […]

Packaging protection

For months, it has been well nigh impossible to have a conversationwith anyone about group income protection without the subject ofpensions and ill health early retirement rearing its head.The basic storyline is convincing enough. In the good old days of the20th Century, when stockmarkets used to rise, most defined-benefitpensionschemes enjoyed the luxury of boasting investment […]

Hargreaves Lansdown will rebate proc fees

Hargreaves Lansdown is to pay part of the procuration fee it getsfrom lenders to borrowers who go execution-only under its newmortgage service.As exclusively revealed in Money Marketing last September, HargreavesLansdown set up a discount mortgage brokerage arm to diversify fromits core investment and pension business but until now the servicehas only been targeting its 400,000 […]

Out of context

”•Oh to be a Welshman.” – Bankhall&#39s Tony Murrell on the abysmalperformance of the English football team against Australia.•”I&#39m busy avoiding Australians at the moment” – Murrell again.•”You are the most normal person I&#39ve had a conversation withtoday.” – Direct Life & Pensions sales and marketing directorRichard Verdin to an MM reporter after a trip […]

Welcome to The Brunner Investment Trust PLC

Welcome to the latest update for The Brunner Investment Trust PLC from the trust’s portfolio manager Lucy Macdonald. Market Review Global equities ratcheted higher throughout February, buoyed by optimism about global growth and corporate earnings. All regions advanced, although Japan tended to lag many other markets. In sector terms, healthcare, information technology, consumer staples 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