View more on these topics

Gilliat Financial Solutions – UK Sector Leaders Kick Out – February 2011

Gilliat Financial Solutions – UK Sector Leaders Kick Out – February 2011

Type: Capital-protected bond

Aim: Growth linked to the performance of an equally weighted share basket comprisingBritish and American Tobacco, Glaxo Smith Kline, HSBC, National Grid, Rolls Royce, Royal Dutch Shell, Tesco, Vodafone, Xstrata

Minimum-maximum investment: £3,000-no maximum, Isa £10,200

Term: Six years and two weeks

Return: Option one – 12.5% growth plus original capital at the end of year one provided at least eight out of nine stocks are at or above their initial values, 25% growth plus capital at the end of year two, 37.5% growth plus capital at the end of year three, 50% growth plus capital at the end of year four, 62.5% growth plus capital at the end of year five, 75% growth plus capital at the end of year six; option two – 10% growth plus original capital provided at least eight out of nine stocks are at or above 95% of their initial values, 20% growth plus capital at the end of year two, 30% growth plus capital at the end of year three, 40% growth plus capital at the end of year four, 50% growth plus capital at the end of year five or 60% growth plus capital at the end of year six; option three – 7% growth plus capital at the end of year one provided at least eight out of nine stocks are at or above 90% of their initial values, 14% growth plus capital at the end of year two, 21% growth plus capital at the end of year three, 28% growth plus capital at the end of year four, 35% growth plus capital at the end of year five or 42% growth at the end of year six

Protection: Original capital returned in full at the end of the term provided the basket of nine shares does not fall by more than 50% by the final day of the term

Closing date: February 24, 2011 for electronic transfers, February 23, 2011 for cheques

Commission: Initial 3%

Tel: 020 7012 2809

Recommended

1

FSA does not have the resources to review the costs of regulation

The Treasury select committee says it would be “impractical” for the FSA to review the cost of regulation and has recommended that the PRA and CPMA should conduct a review under the new structure. The FSA has refused to commit to a timescale for consulting on reforming the Financial Services Compensation Scheme, despite widespread adviser […]

2

Lib Dem Treasury spokesman steps down

Liberal Democrat Treasury spokesman in the Lords, Lord Oakeshott, has resigned because he was unhappy with the Project Merlin deal. The long running negotiations for the project came to an end yesterday with an announcement the UK’s biggest banks will increase business lending this year by six per cent, increase disclosure around remuneration with some […]

Base rate held at 0.5%

The Bank of England’s Monetary Policy Committee has held base rate at 0.5 per cent for the twenty-third month in a row and has also held its quantitative easing programme at £200bn. The last time base rate moved was on March 5, 2009, when it was reduced from 1 per cent to 0.5 per cent. […]

1

Risk: A suitable cause for debate

Three weeks ago, the FSA delivered welcome clarification on issues it considers important when assessing the suitability of investments. It has rightly been criticised for the lack of a reasonable consultation period on what is a crucial matter and that some of their sampling data appears weak to say the least. That said, the document […]

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment