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Investec Structured Products – FTSE 100 Accelerated Growth Plan 26

Investec Structured Products – FTSE 100 Accelerated Growth Plan 26

Type: Capital-protected bond

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

Minimum-maximum investment: £1,500-£1m, Isa £10,680

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: July 15, 2011, July 1, 2011 for Isa transfers

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

Tel: 020 7597 4819



Friends Life picks Bupa chief Payne as protection MD

Steve Payne has been appointed as managing director at Friends Life protection. Payne, who was chief executive at Bupa Health Assurance, will be responsible for developing and implementing the strategy for all Friends’ individual and group protection business. The firm plans to consolidate the individual protection propositions of Friends Provident, Axa Life and Bupa Health […]

Bridge sets five-year £5bn target for MAM

MAM Funds head of business development Neil Bridge says that he plans to grow the firm’s assets under management from £1.7bn to £5bn in five years. Bridge was head of UK retail sales at Schroders and left last year after 21 years with the firm. He joined MAM Funds last month and says he has […]

Former Acuity VCTs lose 70 per cent in value

Foresight 5 VCT and Acuity 3 VCT have lost 70 per cent of their net asset value, according to the half-yearly reports. Foresight 5 VCT, formerly Acuity Growth VCT, has suffered a 67 per cent drop in value from the published accounts dated September 30, 2010, a reduction of funds under management from £32.1m to […]

Parmenion in Hargreaves Lansdown hire

Parmenion has appointed Hargreaves Lansdown’s Jeanette Cook as head of compliance at the platform. Cook will oversee all areas of FSA regulation at Parmenion. She spent five years at Hargreaves Lansdown, following previous compliance roles with Whitechurch Securities and Chartwell Asset Management. She has also run her own compliance consultancy business. Parmenion managing partner Richard […]


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