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Investec Structured Products – FTSE 100 Accelerated Growth Plan 29

Investec Structured Products – FTSE 100 Accelerated Growth Plan 29

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 and one week

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: November 18, 2011, closed to Isa transfers on November 4, 2011

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

Tel: 020 7597 4065


Lloyds £2.1bn prime RMBS gets AAA rating

Lloyds Banking Group is launching a £2.1bn securitisation backed by prime residential mortgages. The transaction is made up of three US-dollar-denominated tranches and two sterling-denominated tranches, backed by mortgages originated by Halifax and Bank of Scotland. Fitch Ratings has assigned the RMBS an AAA rating. The notes are the 18th issue from BOS’s Permanent master […]

A matter of principles: TPR’s June Mulroy on breaking the wall of jargon in pensions

“I’ve got a beautiful, bright yellow Beetle. And I mean properly bright. If you got in there with a hangover which, of course, I would never do you would probably struggle not to be sick.” The Pensions Regulator executive director for defined-contribution June Mulroy is not exactly a stereotypical regulatory official. For a start, she’s […]

MF Global broke customer cash rules

Stockbroker MF Global broke rules requiring it to safeguarding client’s money, the firm’s regulator has claimed. CME Group chief executive officer Craig Donohue says the firm broke laws that required brokers’ to keep their customers’ money separate from other customers’ money as well as the company’s own funds. He said: “CME has determined MF Global […]

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It’s not all about price

One of my many observations about how the annuity market has changed over the last 20 years is that more and more individuals are investing in annuities without getting advice. There are many reasons. The increase in no-advice annuity supermarkets, mistrust of the financial services industry and the mistaken belief that investing in annuity is […]


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