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Lucky number seven from NDF

NDF Administration has unveiled the seventh tranche of its extra income and growth plan, which is linked to the performance in the Eurostoxx 50 index.

This stockmarket linked bond is available as a direct share investment in a Dublin based closed ended investment company, an individual savings account (Isa) or a personal equity plan (Pep) transfer.

Investors can choose a growth option of 33 per cent at the end of the term, which lasts for three years and two months. Alternatively, they can go for annual income at 10.1 per cent a year or 0.77 per cent a month over three years.

The original capital will be returned providing the level of the Eurostoxx 50 index does not fall by more than 19 per cent during the term. A fall of 20 per cent will reduce the capital by 20 per cent. Falls above 20 per cent will erode the capital by 2 per cent for every 1 per cent fall in the index.

This illustrates that the investment does not have a full capital guarantee and some investors may feel that the 20 per cent safety net will not provide a sufficient degree of capital protection. Other investors may feel that the high returns justify the level of risk involved, especially if the stockmarket swings upwards from its current low point.

The Eurostoxx 50 index rose from 3587 points on May 19, 1999 to 3771.04 points on July 19, 2001.


BWA launches IFA support service

IFA network BWA has launched a new support service for IFAs directly regulated by the PIA, BWA Link. The service is designed to assist IFAs with training and competence, compliance and other regulatory issues leaving them free to develop their business. It also offers mortgage code evaluation and implementation, advertising advisory services, pension advisory services, […]

Scottish Widows wins motor industry stakeholder business

The Retail Motor Industry Federation has selected Scottish Widows as its stakeholder pension provider. The Widows’ stakeholder plan will be available to over a million employees of the RMI’s 10,500 member companies. The scheme will provide access to Widows’ funds, external funds, and a full range of support materials.Scottish Widows senior manager of corporate business […]

Taking stakeholder to market

After being fea-red for so long and perceived as an assault on the sector,some IFAs are starting to whisper that stakeholder is actually good forbusiness. Fountain Independent Financial Management business development Nikki Jamesis not alone in saying that her firm uses stakeholder in the corporatemarket as a “Trojan horse”. But those IFAs who do speak […]

Stakeholder survey shows gender gap

Men are considerably more aware of the introduction of stakeholderpensions than women, according to research by Barclays and Legal & General. The life office, which recently agreed a deal with the bank to provide itspensions products have found that more than half of men have heard ofstakeholder pensions compared with just 41 per cent of […]


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