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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 […]

Who pays inheritance tax and how to declare it

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT).  To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]


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