View more on these topics

Chelsea Building Society – Chelsea Guaranteed Bond (3rd Issue)

Monday, December 17, 2001.

Type: High interest account.

Minimum-maximum investment: £2,500-£500,000.

Interest rates: 4.25 per cent gross a year, 4.17 per cent gross a


Term: Until July 1, 2003.

Offer period: Until further notice.

Withdrawal penalties: 60 days&#39 notice for penalty free withdrawals

until July 1, 2003.

Tel: 01242 283593.


NU calls for scale of fees as it warns against axing commission

Norwich Union expects commission to stay after the Sandler review but under a regime of greater disclosure, where the commission is expressed and paid as a fee. The company says it is encouraged by Sandler&#39s understanding of the importance of commission and says abolishing it would be a “nail in the coffin” of financial services. […]

FSA resurrects resilience test as equities steady

The FSA is reinstating one of the resilience tests for life offices that it suspended in the wake of September 11 after deciding that the pressure for unnecessary selling of equities has abated. The regulator withdrew the tests just weeks after the terrorist attacks as it feared that attempts by life offices to meet statutory […]

Optima Fund Management – The Lee Munder Growth Fund

Monday, December 17, 2001.Type: Oeic.Aim: Growth by investing in US small and medium cap stocks.Minimum investment: $250,000.Place of registration: Bermuda.Investment split: 100 per cent in US small and medium capstocks.Isa link: No.Charges: Implicit.Commission: None.Tel: 00441 295 8658.

Give credit where it&#39s due

Here&#39s a quick question for you. Who was quoted in the financial press last week as saying: “The research findings show that the impact of stakeholder has been felt far wider than the actual product.”? If you guessed it was a Government minister, you would be wrong. These words were spoken by Andy Milburn, corporate […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment