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Meteor Asset Management – 3-Year Defensive Growth Plan

Meteor Asset Management -3-Year Defensive Growth Plan

Type: Capital-protected bond

Aim: Growth linked to the performance  of the FTSE 100 and S&P 500 indices

Minimum-maximum investment: £10,000-no maximum

Term: Three years and two weeks

Return: 21% growth providing the indices are at or above 95% of their initial values by the final day of the term

Protection: Original capital returned in full at the end of the term provided none of  the indicesfalls by more than 40% by the final day of the term

Closing date:  March 9, 2012

Commission: Initial 3%

Tel: 020 7904 1010


Chancellor can direct BoE in crises

The Chancellor will have the power to direct the Bank of England during future financial crises, under new proposals. Guidance on the Financial Services Bill, published last week, says: “The Chancellor may deploy the power of direction following notification by the governor of a material risk to public funds. Such a change will enhance accountability […]

New directory launches for online advice sources

A new directory of online advice services has been launched covering independent, restricted and simplified advice firms alongside money coaching and execution-only services Guide to Advice is a portal for consumers and financial services professionals which provides information about different advisers’ propositions and a rating based on each website’s functionality and usability. The service has […]

Abbey increases rates and slashes maximum loan for offset

Abbey for Intermediaries is increasing rates on a number of its fixed and tracker mortgage products from tomorrow by between 0.10 per cent and 0.50 per cent. It has also almost halved the maximum loan amount on its flexible offset product from £1m down to £550,000. In addition, the lender is withdrawing selected no-fee two-year, […]

Direct platform for Stanley

Charles Stanley is launching a direct-to-consumer platform and will partner with AllMyPlans as an aggregation service to include off-platform investments. The platform is likely to be called Charles Stanley Direct and will be powered by the Charles Stanley stockbroking platform. It will include Stanley’s investment service FundChoice, the firm’s online share dealing, the Alpha and […]


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