View more on these topics

Liverpool Vic with-profits bond is targeted at IFAs

Liverpool Victoria Friendly Society has set up a single-premium with-profits growth bond for the IFA market.

The minimum term is five years. Minimum investment of £10,000.

Liverpool Vic says an investor putting £10,000 into its previous with-profits bond has seen their savings grow to £17,561 since 1995.

There is no initial charge and no policy fee on the bond. Instead, there is a monthly policy charge of 0.075 per cent for first five years.

If the bond is fully encashed or if annual withdrawals exceed 5 per cent of the investment, a charge is levied on a reducing scale of 9 per cent in year one, dropping by 1.5 per cent a year until year six.

Allocation rates start at 102 per cent for £10,000, increasing by 0.5 per cent for £20,000 to 103 per cent for £50,000 and 103.25 per cent for £100,000.

Spokeswoman Kate Cone says: “With-profits bonds are an ideal investment for investors looking for potentially higher returns than those offered by societies and banks without taking the higher risk normally associated with direct stockmarket investment.”


Caught in the data act?

Equitable Life and the IFA embroiled in a storm over the release of 450,000 policyholders&#39 details have defended their actions. But City lawyers and the former Data Protection Registrar, now called the Information Commission, believes the move breaks the Data Protection Act. Equitable chief executive Chris Headdon says the company believed it was only supplying […]

Just rewards

Over the last few weeks, I have been looking at the concepts of diversification within an investment portfolio, the reduction of risk or volatility arising from this diversification and, most important, the issues of correlation between assets. The nirvana of achieving a mix of investments approaching the efficient frontier has been explained and discussed. Here, […]

IFAs not in clover as ABI rolls over on polarisation

Equity income was back in favour last month. Bill Mott&#39s Credit Suisse monthly income and Neil Woodford&#39s Perpetual income funds are in the top 10 for the first time in over a year. Mott&#39s fund returned 26.23 per cent for the year to the end of January, while Woodford&#39s returned 25.84 per cent. The investment […]

Stress sees Staffordshire chief exec Page quit

Staffordshire Building Society chief executive Keith Page has left the society by mutual consent after six years. The society says an agreement was reached last week between Page and the board that he should step down both as chief executive and as a director. Staffordshire says Page has left the society to spend more time […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm