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Investec Structured Products – FTSE100 Kick-Out Deposit Plan 20

Investec Structured Products – FTSE100 Kick-Out Deposit Plan 20

Type: Structured deposit

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

Minimum-maximum investment: £1,500-£1m, Isa £5,340

Term: Five years

Return: 10% growth plus original capital at the end of year two provided the five-day average closing level of the index is above its initial value, 15% growth plus original capital at the end of year three, 20% growth plus original capital at the end of year four, 25% growth plus original capital at the end of year five

Protection: Original capital returned in full at the end of the term regardless of the performance of the index

Closing date: June 3, 2011, May 20, 2011 for Isa transfers

Commission: Initial 2.25%, initial 1% plus 0.28% renewal or initial 1%

Tel: 020 7597 4819


Gross mortgage lending up 21% in March

Gross mortgage lending reached £11.3bn in March, a 21 per cent increase on £9.3bn in February, according to the Council of Mortgage Lenders. The figure is 2 per cent down from £11.5bn in March 2010. Gross lending for the first quarter of 2011 was an estimated £30.1bn, an 11 per cent decline from the fourth […]

Mazars says fund LTC by linking it to pension

The logical way to fund long-term care is to automatically link it to pension income, acc-ording to audit and advisory firm Mazars. Senior actuarial partner Peter Gatenby has acted as a special adviser on LTC to the health select committee inquiry and the royal commission on LTC. He believes long-term care should be offered as […]

Brokers banned and fined £450k

The FSA has banned four mortgage brokers and imposed fines totalling £450,000 for mortgage fraud. Gemmini Mortgages founder and sole director Joseph Chinedu Nwosu was fined £200,000 and banned from working in financial services for attempting 14 cases of mortgage fraud over 26 months. Jageet Kaur, a mortgage adviser at Gemmini, was banned from working […]


Concern over no set standard for compliance consultants

Compliance consultant Adam Samuel has warned that third parties approved by the FSA to carry out skilled persons reports are not required to meet minimum qualification standards. The reports are used by the FSA to assess risks in firms’ business models. The reports, ordered by the regulator, are carried out by third parties such as […]


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