View more on these topics

Clerical Medical has flexible features in mind for new bond

Clerical Medical has introduced the flexible bond.

The product is a unit-linked bond aimed at experienced investors who are looking for income and growth and want an investment that offers a degree of flexibility.

Investors have a wide range of 20 funds to choose from, ranging from the Clerical Medical with-profits fund, through to North American, Japanese and European funds.

In the event that the investor wants to move their money between funds, the flexible bond allows up to 12 free switches a year. Compared to products such as the mutual investment bond from Scottish Mutual, the Clerical Medical product offers more flexibility. The mutual investment bond offers links to just three funds and allows only one free switch a year.

According to Standard & Poor’s the Clerical Medical North American fund is ranked 3 out of 105 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to January 22, 2001.


ASA raps Assuresoft over float shares ad

Assuresoft has had its knuckles rapped by the Advertising Standards Authority for misleading advertising on its share incentive scheme. The ASA upheld a complaint that Assuresoft&#39s ads did not make it clear that only the heads of practices would get free shares in the company if it floated. The ad ran with the head line, […]

Product Matters

Britannic Retire ment Services is the first specialist provider of impaired life annuities to launch in the competitive with-profits annuity market. One has to assume a level of investment growth at the outset to determine the starting level of income. This is done by choosing an assumed investment return of 1 to 7 per cent […]

Cast net wide

The national preoccupation last November and December had to be how long it was taking to get to work by train. What a contrast to the start of the year when it was the dotcoms grabbing the headlines. The millennium burst into life with some very high-profile dotcom launches. IPOs followed, creating fabulous paper wealth […]

Coventry Building Society launches new mortgage range

Coventry Building Society is launching a flexible mortgage fixed at 5 per cent until April 2002 with no early redemption charges. Available for a maximum loan to value of 95 per cent, the mortgage reverts to a rate no greater than 1 per cent above Bank of England base rate, currently 6 per cent. Coventry […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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