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Leeds & Holbeck Building Society – Secure Growth Account

Friday, 21 February 2003

Type: Guaranteed equity bond

Aim: Growth linked to performance of FTSE 100 index

Minimum-maximum investment: £3,000-£9,000

Term: Six years

Guarantee: Capital returned in full along with 10% growth regardless of the performance of the index

Return: Up to 60% at end of term

Closing date: Until further notice

Commission: None

Tel: 0845 0505071


L&G move to speed up admin on DB to DC

Legal & General has set up a bulk data transfer service thathelps pension scheme trustees and their advisers cut the time ittakes to wind up a finalsalary pension scheme.L&G says the service is designed for winding up and switchingfinal-salary pensions to money-purchase schemes. It says the servicehalves the admin time by capturing data from an […]

Packaging protection

For months, it has been well nigh impossible to have a conversationwith anyone about group income protection without the subject ofpensions and ill health early retirement rearing its head.The basic storyline is convincing enough. In the good old days of the20th Century, when stockmarkets used to rise, most defined-benefitpensionschemes enjoyed the luxury of boasting investment […]

GMAC takes over sub-prime lender

GMAC-RFC is buying sub-prime lender High Street Home Loans as part ofits strategy to build its business through partnerships in the UK.HSHL was set up two years as a correspondent lender and hasnegotiated deals with a number of lenders including GMAC-RFC.It will move to being a lender in its own right selling a range ofproducts […]

Sign up for in Manchester

The Manchester event – the only specialist technology conference and exhibition for financial advisers and their support staff – takes place at the G-Mex Centre Manchester on Tuesday 4 March 2003. More than 40 life offices, fund managers and technology companies are supporting the event, including Microsoft, IBM, Origo, The Exchange and AssureWeb. Full […]


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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