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Legal & General launches Millennium Bond

Legal & General is launching a Millenium Bond offering a fixed rate of up to 6.5 per cent gross.

The bond which has a term of seven months is available for a minimum investment of £2,500. The maiximum per individual is £25,000.

Investments of £2,500 to £4,999 receive a rate of 6.3 per cent gross, £5,000 to £9,999 a rate of 6.4 per cent gross and above £10,000 a rate of 6.5 per cent.

The bond is available from June 1.


National Savings receives thousands of inquiries about pensioners bond

National Savings says it has already received thousands of inquiries about its new two year pensioners guaranteed income bond.The bond goes on sale on 2 June.National Savings chief executive Peter Bureau says:”We are delighted to be able to offer savers more choice in the way they want to save.”

Royal London announces the death of commission

Royal London has announced the &#34death&#34 of commission.The life office has announced new plans paving the way for the introduction of &#34qualitative rather than quantitative&#34 remuneration package, based upon a broader range of factors.These will include policy lapse rates, complaint levels, productivity and professional excellence.Royal London human resources director John Hume says the proposed changes […]

Stroud & Swindon launches two mini Isas

Stroud & Swindon is launching two mini Isas, a Catmarked Branch Cash mini Isa and a Direct Cash mini Isa.The branch Isa will be available over the counter while the direct product will be available by telephone.For the branch Isa, the rate is 5.5 per cent for savings up to £999, 6 per cent for […]

R&SA embarks on pensions campaign

Royal & SunAlliance is linking up with IFAs and employers to raise pension awareness among the &#39thirty-somethings&#39 age group.It has launched a campaign to target employees in the new stakeholder pensions environment.It is basing the campaign on lessons learnt in the USA from 401(k) plans. It is aiming to use the variety of communication techniques […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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