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L&G offer Protected Index Plan 5 from August 18

Legal & General is now offering Protected Index Plan 5 as part of its protected investment series, available from August 18 to October 10.

Described as for investors looking for a low risk equity market investment, protected index plan 5 provides growth in the FTSE 100 index up to a maximum of 55 per cent. The plan must be held for five and half years and offers capital protection at maturity.

Investors receive ordinary shares in Protected Index V, a sub fund of Legal and General Protected Investments, an Irish listed, variable capital investment company.


Pivotal adds consultancy for IFAs

Pivotal, the multi-manager platform launched in March 2003, has announced the launch of its second phase, a business consultancy aimed at UK IFAs. The company which is backed by the National Australia Bank and headed up by former Scottish Amicable group sales director John Cowan, says the consultancy will aim to help IFAs looking to […]

Dawn of wealth service at Aurora

South-east IFA Aurora Financial Group is teaming up with private-client wealth manager Gerrard to offer a portfolio management service.The 40-RI group, formed from Jackson Batten IFA and Advisory & Planning Services in July 2002, is aiming at clients with a minimum of £125,000 to invest.Aurora aims to have 100 clients using the service and £50m […]

Discounts to get boost as fixes begin to rise

A surge in the popularity of tracker and discount mortgages is predicted by lenders following a recent dramatic rise in the cost of borrowing on the money markets.Lenders say that with swap rates shooting up by 0.5 per cent and fixed-rate mortgages being repriced upwards, variable-rate mortgages will appear very attractive to consumers.Accord Mortgages has […]

How to rein in spurious claims

Lorna Bourke is absolutely right to reiterate the earlier comments of Sir Howard Davies on consumer complaints (Money Marketing, July 31) that we are in danger of being overwhelmed by spurious claims. I have to say that, in recent times, my firm has received more than its fair share.Ms Bourke has said it is difficult […]


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