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Lincoln is looking to hindsight

Lincoln Financial Group is to offer a structured product with stepped levels of capital growth based on the performance of two investment funds and the FTSE 100.

The Lincoln hindsight bond, to launch by the end of the quarter, will be linked for five years to Norwich Union&#39s property trust, JP Morgan Fleming&#39s sterling liquidity fund and the FTSE 100. Investors will get 50 per cent of the average growth of the best performing of the three, 30 per cent of the second-best and 20 per cent of the third.

Capital is 100 per cent guaranteed regardless of performance. Initial charge is 4.5 per cent. Minimum investment is £5,000. Commission is 4 per cent.

Head of investments Vince Rennie says: “The bond will give investors some asset allocation so it is more like a managed fund. It effectively salts away the benefits so it will be a more stable approach to investing.”

Chelsea Financial Services managing director Darius McDermott says: “It is an interesting way of determining asset allocation on past performance.”


Fund sales hit five-year low

Net sales of retail investment funds fell sharply in 2002, with sales in December plunging by £230m, according to the IMA. The IMA&#39s yearly figures show that new retail fund sales fell to £7.6bn last year from £9.3bn in 2001, with December sales plummeting to £269.3m compared with £606.5m in December 2001 and £499.5m in […]

Executive stress

I recently “celebrated” 40 years in the industry. During that time, there have been massive changes, of course, the main one being the move away from a desire to provide the best service in the industry to a desire not to be the worst. Despite being in charge of my own business, I have never […]

Standard premiums on CI plans leap 50%

Standard Life is increasing premiums on new criticalillness plans by around 50 per cent, saying the rise is due to advances in diagnostic techniques and IFAs wanting guaranteed products. The firm says research shows that IFA clients want guaranteed CI cover and it has raised premiums to continue to offer the product. Standard says the […]

nvesta – Dual Advantage Plan

Tuesday 28, January 2003 Type: Capital protected bond Aim: Growth linked to the performance of FTSE 100 index Minimum-maximum investment: £5,000-no maximum Term: Five years six months Guarantee: Capital returned in full provided index does not fall by more than 50% Return: 42% growth provided index does not fall by more than 50%. If index […]


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