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Blue Sky next phase for income product

Blue Sky Asset Management is launching a second tranche of its 10 per cent protected income plan.

The firm says its second tranche is due to the increased demand for structured approach to 10 per cent a year on a six-year term, backed by capital protection at maturity.

Investors can also choose a 2.45 quarterly income or a 68 per cent financial roll-up.

The protected income plan new tranche, available through IFAs, is open immediately and will close to new business on April 11, 2008, with Pep and Isa transfers available until March 21.

BSAM chief executive Chris Taylor says: “PIP one and two have been a direct response to the sell-off and volatility in the financial sector, caused by the sub-prime debacle and the market reaction over recent months.

“Analysts have said that this sell-off has created a ‘once in a generation’ buying opportunity. We have used that opportunity to give investors the chance to lock in high income with a very high degree of capital protection.”


Charging into action

In its treating customers fairly work, the FSA has identified six key outcomes, one of which is that products are designed to meet the needs of a target group of customers.

Bankhall releases new TCF management guide

Bankhall is putting out a management information guide to members on Treating Customers Fairly.The compliance team at Bankhall is striving to help members with the appropriate measures in place in order for them to achieve their TCF deadlines, the first of which is at the end of March. Bankhall has included a template MI plan […]

BTL lending up to £24.1bn in H2 2007

Buy-to-let lending totalled £24.1bn in the second half of 2007, up from £20.8bn at the same time in 2006, says the Council of Mortgage Lenders.This was also up from £21.2bn in the first half of the year.The number of loans to BTL landlords in the second half of the year was 179,100, up from 171,800 […]


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