View more on these topics

Legal & General – Early Bonus Plan 6

Legal & General – Early Bonus Plan 6

Type: Capital-protected bond

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

Minimum-maximum investment: £3,000-no maximum, Isa £11,280

Term: Six years

Return: 9% growth plus capital at the end of year one provided the FTSE 100 is at or above its initial value, 18% growth plus capital at the end of year two, 27% growth plus capital at the end of year three, 36% growth plus capital at the end of year four, 45% growth plus capital at the end of year five, or 54% growth plus capital at the end of year six

Protection: Original capital returned in full at the end of the term provided the index does not fall by more than 50% by the final day of the term

Closing date: June 8, 2012, May 25, 2012 for Isa transfers

Commission: Initial 3%

Tel: 0845 2730008

Recommended

Proc and roll

Our panel consider the merits of a ban on non-advised sales and a plan for procuration fees based on business quality

6

Nest to simplify its projection rules

Nest is developing simplified illustrations for its members as the FSA faces calls to rethink the rules governing retail investment projections due to claims the current regime is “meaningless and confusing”. Last week, the regulator said it is considering cutting the projection rates that firms are required to use when marketing retail investment prod ucts […]

Buffett firm has rating affirmed

Fitch Ratings has affirmed the AA- issuer default rating of investment veteran Warren Buffett’s firm Berkshire Hathaway. The firm had its outlook affirmed as “stable” and had its AA+ insurer financial strength rating affirmed by Fitch. The rating was affirmed based on “extremely strong capitalisation and market position of its insurance subsidiaries, solid operating performance […]

MPs to press for TSC inquiry into interest rate swap ‘misselling’

MPs are preparing to file an official request to the Treasury select committee to launch an inquiry into the potential misselling of interest rate swaps. The swaps are designed so banks cover the cost of increased payments in the event of interest rate rises while if rates fall, the customer has to pay the bank. […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment