View more on these topics

Baronworth takes dual bond approach

Baronworth Investment Services is going for the twin-track approach with the introduction of the Baronworth combination investment series four.

Investors have a choice where to invest. Their money can be placed in the three-year guaranteed income bond from Pinnacle Insurance, which offers a fixed rate of 5.75 per cent for three years with the original capital guaranteed to be returned at the end, as long as they stay in for the three year period.

Alternatively they can put their money in the Legal & General with-profits income bond. This also pays a rate of 5.75 per cent, but this is only fixed until the end of December 2002. Investors can choose just one of the two bonds or could invest in both.

Like the other three products in the combination series, this is a unique product as there are no other bonds on the market that offer anything similar. However, clients must be aware that they need to keep their money in this for the long term or they will lose out to exit fees.

The Legal & General bond has exit penalties of 7 per cent of the investment in the first year, reducing by 1 per cent a year to 4 per cent in year four. In year five it reduces to 2 per cent. Pinnacle has no set exit fees but does warn that investors might not get their original capital back.


New Star merger with Artemis off

New Star and Artemis are expected to announce that their proposed merger deal is now off.The possibility of the two fund managers merging had caused concern to IFAs who felt there was a heavy overlap of funds that could see star fund managers being dropped as funds were merged.

Triple index approach for Skipton Guernsey

Skipton Guernsey is taking the three-index approach with its five-year guaranteed growth bond.This is a guaranteed equity bond aimed at investors who want growth from investing in the stockmarket, but who also want the reassurance of having their capital protected.Over the five-year term the bond will be linked to the FTSE 100, S&P 500 and […]

Personal Finance Education Group launches pupil project

The Personal Finance Education Group is today launching its Excellence and Access project, aimed at raising the level of understanding of financial products among schoolchildren.The project will train teachers in 400 schools to work alongside PFEG advisers in educating pupils on personal finance. PFEG chairman and AITC director general Daniel Godfrey says: “Excellence and Access […]

L&G offers carry forward/carry back tool

Legal & General is offering IFAs a carry back/carry forward pensions tool to help calculate unused tax relief.The CD-based tool, targeting the run up to the January 2002 deadline for people to make up for missed pension contributions, can also print off Inland Revenue forms PP42 and PP43.L&G pensions marketing director Andy Agar says: “If […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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