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Bristol & West choose three way Tessa Isa

Bristol & West has introduced a five-year individual savings account (Isa) to take advantage of the numbers of investors with tax exempt small savings accounts (Tessas) that are due to mature in 2001.

The five-year Tessa Isa is linked to three separate indices, the FTSE 100, the Nikkei 225 and the Eurostoxx 50, and will pay investors 80 per cent of the combined average growth of these indices at the end of its five-year term. In the event that the indices fall in value, investors will get at least their original investment back. This approach provides a greater chance of the investor receiving the target growth.

Savers who register for the product before their Tessa matures will receive a tax-free bonus of one per cent of their investment.

Bristol & West has joined the small but growing market for capital protected Tessa Isas. The Isa is very competitive when compared to some of the other products on the market at the moment, such as the M&G protected Isa, which also invests totally in the FTSE 100 index and also has a maximum return of 80 per cent of the growth of the index.

Using multiple indices for a capital protected Isa is not unusual. Legal & General’s multi tracker Isa, which tracks the FTSE allshare, FTSE Europe (ex UK), FTSE USA, FTSE Pacific (ex Japan) and FTSE Japan indices.

The FTSE 100 index rose from a level of 3,689 on December 29, 1995 to 6,222 on December 29, 2000.


Legal & General lump together carry forward clients

With less than four months to go until the introduction of stakeholder pensions, Legal & General has introduced the single charge pre-stakeholder individual personal pension plan. Legal & General has introduced the pension in order to take advantage of the carry forward rules before they are abolished on April 5, 2001. Carry forward allows people […]

Biotechs end year ahead

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Dogged by the year of unintelligible mergers

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1st Software conference in February

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Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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