View more on these topics

Bristol & West offering two versions of Escalator bond

Bristol & West is aiming an investment bond at savers wanting a regular income.

It says the Escalator bond is ideal for investors looking to maximise income in retirement.

The three-year bond pays a higher interest rate each year and is available in two forms.

The monthly version has a rate starting at 3.64 per cent in year one, rising to 4.02 per cent in year two and 4.89 per cent in year three. Minimum investment for this version is £5,000.

The second version pays out a higher rate annually, starting at 3.7 per cent in the first year, 4.1 per cent in year two and 5 per cent in year three.

Minimum investment is £1,000 through the bank&#39s branch network or £5,000 if it is set up via the post or phone.

Head of product market-ing David Harris says: “Escalator bonds can offer a lifeline to hard-pressed savers by increasing the level of income they receive each year and helping them keep ahead of inflation.”

Recommended

Hamptons picks associate director

Rob Winfield joins Hamptons International Mortgages as associate director (western region). Winfield joins from Chelsea Mortgage Management. Hamptons has 10 offices within a 40-mile radius of Bristol and Bath.

&#39Staff are missing out on £350m in profit-share plans&#39

UK workers are missing out on £350m in possible tax breaks on employee share plans, according to IFA Promotion. IFAP says this amount could be just the tip of the iceberg of what employees could save from tax breaks in profit-share schemes. It points out if all staff currently involved in such a scheme invested […]

Group 300 seeks £10m to buy network

Cambridge-based IFA network and support services provider Group 300 is looking to raise £10m from private investors to buy a medium-sized network within the next six months. The group, formerly Advice Store, launched in January last year, is in negotiations with a commercial financier to secure the £10m from private equity investors. It is aiming […]

Brokers hit out at FSA ban on direct contact with referrals

FSA plans to ban client-specific personal referrals under mortgage regulation have been criticised by the mortgage industry amid fears it will increase costs and consumer inertia. Intermediaries often currently receive possible business referrals to friends from clients after interviews. However, once mortgages become regulated next October, intermediaries will no longer be able to contact these […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com