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Legal & General launches second with-profits bond

Legal & General is launching a second version of its with-profits bond.

The bond is aimed at investors looking to achieve capital growth and is designed to complement the existing with-profits income version.

The new bond offers a choice of either a 5 per cent initial charge or a monthly charging version of 0.75 per cent a year for the first five years

The bond is paying an interim bonus of 5.5 per cent with a terminal bonus of 1.75 per cent payable from day one.


Leeds & Holbeck Building Society launches fixed rate mini-cash Isa

Leeds & Holbeck Building Society is launching a three year fixed rate mini-cash Isa.The rate is fixed at 6.75 per cent and the minimum investment is £1.No withdrawals are permitted during the term and closure of the account before maturity will result in a penalty of 90 days loss of interest.The Society&#39s operations director Chris […]

National Savings increases fixed interest rates

National Savings has increased the interest rates on three of its fixed rate savings products.The move has been triggered by upward movement in medium term money market rates.The interest rate on the five year Pensioners Bonds and Capital Bonds is increased to 5.15 per cent gross from 4.85 per cent gross. While the tax free […]

CGU to make greater merger savings

CGU expects the cost savings made from its merger last year to increase to £325m by 2000 according to the Financial Times.The company initially estimated annualised cost savings from the merger of General Accident and Commercial Union to be £270m.The estimate increased substantially reflecting additional savings made in its UK general insurance arm and from […]

ABI cracks down on sales of income protection policies

The Association of British Insurers is introducing tougher rules to force its members to improve the way they sell income protection policies.From February 2000 ABI members selling individual income protection policies will be forced to comply with new guidelines which are aiming to help keep consumers better informed about the products they are buying and […]


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