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Legal & General – Growth Investment Plan Plus 13

Legal & General

Growth Investment Plan Plus 13

Type: Guaranteed equity bond

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

Minimum-maximum investment: £500-no maximum, Isa £7,000, £7,200 for 2008/09

Term: Six years

Return: 25% of the original investment at the end of year three if index is at least 15% above its initial value, otherwise 100% of the growth in the index at the end of the term

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

Closing date: May 2, 2008, Pep/Isa transfers April 4, 2008 for 2007/08, April 18, 2008 for 2008/09

Commission: Initial 3%

Tel: 020 7335 5132



Neptune hires ex Barclays md Richard Green

Neptune Investment Management has appointed former Barclays UK managing director Richard Green to the role of corporate development director. Green will join the Neptune board as an executive director and have significant involvement in the day-to-day running of the business.Green was instrumental in setting up Barclays Private Bank and will continue as a member of […]

Bank manager jailed after raiding dormant accounts

A bank manager who stole over £40,000 from dormant accounts has been jailed for 14 months.Lee Nerwick, 31, admitted a series of false accounting charges when he appeared before Ipswich Crown Court.The court heard that Nerwick, who was the manager of Barclays Bank in Southwold, identified dormant accounts where customers had moved abroad.Prosecutors said he […]

VCTs dip by 25%

Venture capital trusts have seen a fall of over 25 per cent in new investments for 2007/08.

Whose conflict is it anyway?

Having read and listened to some of the more bizarre, misleading and ultimately misguided mutterings on the subject of “conflict of interest” as it relates to the ownership of wrap platforms, I hugely welcome this opportunity to pen a few words.So, starting with a pop quiz, does a conflict of interest typically occur when:a: A […]


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