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Investec Structured Products – FTSE 100 Accelerated Growth Plan 22

Investec Structured Products – FTSE 100 Accelerated Growth Plan 22

Type: Capital-protected bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment:£1,500-£1m, Isa £10,200

Term: Five years

Return: 200% of the growth in the index at the end of the term

Protection: Original capital returned in full provided the index does not fall by the end of the term, based on an average of closing levels over the last six months of the term

Closing date: December 31, 2010, December 17, 2010 for Isa transfers

Commission: Initial 3.5%, initial 1% or initial 1.25% plus 0.5% renewal

Tel: 020 7597 4819


Income data deal up and running soon

An income verification scheme allowing lenders and HM Revenue & Customs to share data with each other will be up and running by the end of the year. Lenders will send details of mortgage applications that they suspect to be fraudulent to HMRC, which will check income tax and employment returns against income details declared […]

Credit chief says third of Santander lending could be hit by MMR

Santander chief credit risk officer Iain Laing says up to a third of the bank’s lending could be affected by the proposals in the mortgage market review. At the Mortgage Business Expo last week, Laing said: “We have had a look at the business we are doing today and we see 20 to 30 per […]

Leeds BS raises £250m through covered bond issue

Leeds Building Society has raised £250m of 10-year long-term funding through a covered bond issue, the first of its kind in the UK since June 2007. Chief executive Ian Ward says the move could lead to others looking at this method of funding. He says: “It is very pleasing to raise £250m through the covered […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]


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