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Keydata targets Toisa market

Keydata Investment Services has established the FTSE lock-in Tessa-only Isa (Toisa), which guarantees the return of investors’ original capital at the end of a five-year term, whatever happens to the index.

Investors with the £3,000 minimum investment earn an early bird interest rate of 4 per cent, which is paid up until the start of the term on September 20, 2002. At the end of the term on September 20, 2007, investors get all of the first 25 per cent growth in the FTSE 100 index. They will get half of any growth in the index above 25 per cent, subject to an overall maximum of half their original capital. If the index rises by 25 per cent at any point during the term, this can be locked in, providing a minimum return of 125 per cent.

Bristol & West has a similar five-year Toisa, but differs from the Keydata product in that it offers 70 per cent of growth averaged across the Eurostoxx 50, Nikkei 225 and Swiss Market Index, in addition to the FTSE 100 index. Although Bristol & West has the advantage of geographical diversity, the Keydata product has the benefit of a lock-in facility.

Also, if the FTSE 100 rises by 25 per cent Keydata investors would get all this growth, but Bristol &West investors would get 70 per cent of this increase, which is 17.5 per cent. However, Bristol & West’s returns may be boosted by the performance of the other indices, whereas Keydata investors are putting all their eggs in the FTSE 100 basket.


UCB Home Loans research shows increase in self-cert lending

The self-certification mortgage market is the biggest niche area for intermediaries according to research from specialist lender UCB Home Loans. Its 2002 Mortgage Achilles survey of 250 intermediaries by research company BDRC reveals 93 per cent of intermediaries who handle specialist and niche mortgage products deal with self-cert. This is a rise of 13 per […]

High climbers choose Sheffield

Suburban Sheffield has the highest percentage of high earners outside London and the South-east, according to research by Barclays&#39 wealth management arm, Barclays Private Clients. Around 7.9 per cent of the residents of Hallam, a Sheffield suburb which backs on to the Peak District, earn more than £60,000 a year. Hallam is home to more […]

Deutsche Asset Management – DWS UK Opportunuities Fund

Tuesday, 20 August 2002 Type: Oeic Aim: Growth by investing in UK equities Minimum investment: Lump sum £1,000, monthly £25 Investment split: 100% in UK equities Isa link: Yes Pep transfers: Yes Charges: Initial 4.25%, annual 1.5% Commission: Initial up to 3% Tel: 0800 917 0005

DBS chief Ansell sails away

DBS chief executive Nick Ansell has stepped down following the network&#39s parent Misys IFA Services&#39 integration of the firm into a single management and support structure. The move will see DBS research teams moved to Mifas HQ in Oxford this month to be integrated with staff supporting the other four Misys networks. They will be […]


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