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Bond boom prediction

Customers afraid of risk are driving a boom in demand for bonds, according to Alliance & Leicester.

It is launching a five year bond linked to FTSE 100 where initial investments will be returned after five years regardless of stockmarket fluctuations. The maximum value on maturity will be 140 per cent of the initial investment.

A&L investment product manager Robert Sherman says: “The customer&#39s desire to avoid risk with their investment is fuelling demand for guaranteed investment bonds. We have experienced a huge demand for them over the last few months.”


e-bank cyber glitches

New e-bank customers with Barclays and First-e are being hampered by glitches.Barclays, who claim to have more than 500,000 on-line customers, revealed a technical hitch is currently making life difficult for customers trying to track payments from their accounts.French-owned First-e customers are having their cheques pay-ins delayed by its process of putting paper cheques through […]

MPs pledge mutuality support

Mutual building societies are being given a shot in the arm by senior right-wing Tory MP&#39s looking to protect them.MP&#39s including Teddy Taylor and Ann Winteron are backing a private members bill designed to safeguard mutual building societies.The bill, sponsored by Hemel Hempstead Labour MP Tony McWalter, proposes to raise the percentage of borrowers required […]

Guardian Employee Benefits Employee Protection Menu

Guardian Employee Benefits has introduced the Employee Protection Menu, a web based employee benefits product which it claims will revolutionize the employee benefits market for IFAs targeting small-to medium-sized firms.Employee Protection Menu features five different menus which offer employees and their spouses or partners a combination of life assurance, income protection and critical illness cover […]

Bumper year for pension funds

UK pension funds recorded a bumper 1999 with iinvestments on average growing 20.6 per cent. This compares 14 per cent in 1998.Average returns for the decade of the 1990s was 12.5 per cent a year.WM Company executive director Peter Warrington says: “This was an incredible year, with an end-result beyond most people&#39s expectations.”


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