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Bristol & West offers High Street &#39tax haven&#39

Bristol & West claims that savers can access a &#39tax haven&#39 in the High Street by investing in their new &#39Balanced Pep&#39.

The product allows investors to place up to half of their investment in an 8-month bond paying 8.5 per cent gross a year while the other half is invested tax free in a Pep. The bond will mature on 1 May next year.

The lender says the product is an ideal way for customers to take advantage of tax benefits and at the same time boost the amount they have available to invest in an ISA.

Group product manager Simon Pratt says: &#34The balanced Pep offers a unique mix of a guaranteed high return in the short term and excellent growth potential in the medium to long term.&#34



Midland unveils Flexible Endowment Plan

ENDOWMENTS Midland Bank FLEXIBLE ENDOWMENT PLAN Type: Unit-linked endowment. Minimum premium/sum assured: £30 a month/£10,000. Minimum-maximum term: 10 – 45 years. Fund links: UK Equity. Charges: Initial – 5 per cent, annual – 1 per cent and policy fee – £3 a month. Options: Critical illness, mortgage interest waiver (covering mortgage interest and repayment vehicle). […]

Henderson moves to preserve income trust dividend

Henderson Investors is to use its revenue reserves to maintain its dividend from its Far East Income Trust at 6.8p per share until August 1999.The fund manager says that it should be able to maintain this dividend for at least a year and possibly two, despite the turmoil in Asian markets.The group&#39s retained revenue reserves […]

Kensington offers nine months free mortgage cover

The Kensington Mortgage Company is offering free accident, sickness and unemployment cover (ASU) to new borrowers for the first nine months of their mortgage.The lender says it is making the move in response to the Government&#39s squeeze on welfare and because of the threat of recession to try to encourage its borrowers to take out […]

M&G aims for High Yield

PEPSM&GHIGH YIELD CORPORATE BOND PEPAim: To provide high monthly income by investment in lower-rated high-yield bonds.Minimum investment: Single – £1,000, regular – £50 a month.Investment split: Model portfolio based on existing corporate bond – corporate bonds – 87 per cent, gilts – 8 per cent, cash – 5 per cent.Yield: Redemption – 9.5 per cent, […]


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