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CIS slashes with-profits payouts

CIS has slashed with-profits payouts by up to 20 per cent in its annual bonus declaration. The cuts mean a £50 per month 25-year endowment will pay out £65,772 compared with £82,214 last year.The company says terminal bonuses have been cut due to the bear market but that no terminal bonuses will be lost as a result of this declaration.

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L&G cares for the country

Legal & General staff have been getting their hands dirty working on a community project.Thirty staff from the Birmingham insurance division have been helping to create an outdoor wildlife learning centre at the Ackers Trust. The trust works to help provide community areas for disadvantaged families from multicultural backgrounds. It is set in 80 acres […]

Maturity options on non qualifying policies

Under the current law, there is no tax charge when a policy matures if the policyholder exercises an option to re-invest all the proceeds of the maturing policy in a new policy with the same insurer. This relief, in section 540(2) ICTA 1988, in effect means that the time of chargeable event is deferred until […]

Skipton Guernsey – 3 Year Step Up Bond Issue 8

Wednesday, 9 April 2003 Type: Offshore high interest account Minimum-maximum investment: £10,000 – £500,000 Place of registration: Guernsey Interest rates: Up to £49,999 &#45 3.4% gross a year until April 27, 2004, 3.9% until April 27, 2005, 4.1% until April 27, 2006. £50,000 and above &#45 3.45% gross a year until April 27, 2004, 3.95% […]

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Cheshire Building Society – Loyalty Bond

Thursday, 10 April 2003 Type: High interest account Minimum-maximum investment: £1,000-£25,000 Interest rate: 3.95% gross a year Term: Two years Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during the term Contact: www.thecheshire.co.uk

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

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