View more on these topics

Legal & General – UK Growth Early Kick Out Plan 10

Legal & General – UK Growth Early Kick Out Plan 10

Type: Capital-protected bond

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

Minimum-maximum investment: £5,000-no maximum, Isa £10,680

Term: Six years

Return: 8.25% growth plus original capital at the end of year one, 16.5% growth plus capital at the end of year two, 24.75% plus capital at the end of year three, 33% growth plus capital at the end of year four, 41.25% growth plus capital at the end of year five or 49.5% growth plus capital at the end of year six

Protection: Original capital returned in full at the end of the term provided the index does not fall by more than 50% without returning to at least its initial value

Closing date: October 7, 2011, September 23, 2011 for Isa transfers

Commission: Initial 3%

Tel: 0845 273 0008

Recommended

1

HSBC to miss FSA PPI complaints deadline

HSBC has admitted it will not meet a deadline imposed by the FSA for banks to clear their backlog of complaints about payment protection insurance. Usually under FSA rules all complaints must be handled within eight weeks. But a judicial review brought by the British Bankers’ Association into the FSA’s redress measures in October caused […]

Lenders join with HMRC to tackle fraud

HM Revenue & Customs, the Council of Mortgage Lenders and the Building Societies Association have teamed up to create a tool to combat mortgage application fraud. The mortgage verification scheme, which was announced in the March Budget, is due to launch on September 1 following a successful pilot scheme. Use of the scheme will be […]

Pru sets out next raft of M&G mergers

Prudential has unveiled the next wave of funds it wants to merge into M&G funds as part of a move to separate its retail and insurance arms. Pru’s £184m distribution funds is being merged into the £13.5m M&G multi-asset income fund, the £576m Pru income fund is being merged with the £490m M&G global dividend […]

Does the Australian superannuation model signal UK opportunities?

If automatic enrolment takes off in the UK in anywhere approaching the manner the superannuation system has in Australia, the prize for those that get it right will be immense. Just how big a prize was made clear to me at a recent lunch I attended where Senator Nick Sherry, Australia’s key pension minister, talked […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment