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Legal & General launches EuroSupertracker

Legal & General is launching a fixed term EuroSupertracker linked to the Dow Jones Euro Stoxx 50 Index.

The investment which is available as an Isa or for pep transfers has a term of six years.

The EuroSupertracker aims to provide capital growth by tracking the index over the term.

It offers to match the investment growth plus pay a bonus of 40 per cent, but this is subject to a maximum return of double the initial investment.

Commission is available at 4.5 per cent representing initial and renewal commission rolled into one payment.


Willetts appointed shadow social security secretary

William Hague has appointed Tory intellectual David Willetts as shadow Social Security Secretary in this week&#39s shadow cabinet reshuffle. Iain Duncan Smith moves to become shadow defence secretary.

News from PIMS 99 – DBS seek risk rating approach to lighten the compliance load

DBS is seeking to introduce a compliance risk rating scheme on members to enable it to lighten regulatory burdens imposed on its top firms.Chief executive Tony Kempster wants the FSA to provide all network compliance officers with detailed information on procedures used for risk rating by the regulator.Kempster believes DBS, the UK&#39s biggest network, with […]

News from PIMS 99 – National IFAs set to dominate

National IFAs are set to dominate the financial services marketplace according to KPMG Corporate Finance partner John Riddell.In his PIMS presentation Riddell predicted that networks will aim to set up their own national broking houses, while new national will be formed by aggressive, fast growing IFA firms and regional players seeking to grow their businesses […]

Johnstone Douglas hits record business levels

Johnstone Douglas has announced a record 45 per cent increase in new business for its financial year ending May 31, 1999.The specialist employee benefit and financial planning consultancy recorded new business sales of £10.2m for the year up from £7m last year.The firm is confident that the market move towards money purchase pension schemes and […]


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