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Changing lifestyle for Axa

Axa Sun Life is introducing a global high income fund, which invests in corporate bonds.

Although this open-ended investment company (Oeic) invests in corporate bonds on a global scale, it will mainly consist of European corporate bonds. The European corporate bond market is fairly new compared to the US market and is an area that has potential for the future. The option to invest globally is an attractive feature because it means investors are not restricted by geographical boundaries. This diversity means that investors will not be exposed to the risks associated with concentrating their investment in one area.

The fund has a target yield of 8.9 per cent, making it attractive for cautious investors who are looking for high income. Some investors may be looking to supplement their building society accounts with an investment in corporate bonds because interest rates are coming down.

According to Standard & Poor&#39s, the Axa Sun Life higher income fund is ranked 17 out of 84 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to January 8, 2001.


Woolwich goes for new homebuyers

The Woolwich has introduced the open plan three-year capped rate mortgage.The mortgage has been targeted at first time buyers and not at anyone who is looking to remortgage. The interest rate is capped at a ceiling of 5.99 per cent for loans of up to 95 per cent of valuation until April 1, 2004. After […]

Reducing returns

Equitable Life&#39s decision to close for new business re moves it from the individual stakeholder-friendly fray but still leaves 13 on the table. Group stakeholder-friendly providers number 20. This, as I argued last month, will still be too many and something will have to give. Barclays Life&#39s contract has been the cause of much comment […]

Paragon launches new fixed rate mortgage

Paragon is launching a new buy to let mortgage fixed at 6.95 per cent for two years. The mortgage reverts to the London inter-bank offered rate plus 1.5 per cent after the two year period and carries a redemption charge of six months interest over the first two years. Borrowers new to letting can obtain […]

Halifax launches new direct services bank

The Halifax today announced the launch of Paramount Bank, a new direct financial services brand offering low-cost personal loans and credit cards. Paramount Bank will offer personal loans from 7.9 per cent for sums over £12,500. Later in the year a range of credit cards will be launched featuring options of no repayments for the […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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