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Meteor Asset Management – FTSE 100 Income Deposit Plan 2

Meteor Asset Management – FTSE 100 Income Deposit Plan 2

Type: Structured deposit

Aim: Income linked to the performance of the FTSE 100 index

Minimum-maximum investment: £10,000-no maximum, Isa £5,340

Term: Six years and two weeks

Return: 1.5% income a quarter or 7.5% income a year provided the index does not close below 4,500 points or above 7,500 points during the term

Protection: Original capital returned in full at the end of the term regardless of the performance of the index

Closing date: September 14, 2011 for bank transfers, September 9, 2011 for cheques, September 2, 2011 for Isa transfers

Commission: Initial 3%

Tel: 020 7904 1010


FNZ aiming for £100bn

FNZ expects to increase its assets under administration fivefold to £100bn by the end of 2013. The technology provider says the imminent launch of new platforms it powers and the increased use of platforms brought about by the RDR will boost its current £20bn AUA. FNZ powers platforms for Axa Elevate, Standard Life, JP Morgan […]


Skandia supports ‘sunset clause’ on legacy commission  

Skandia says that introducing a ‘sunset clause’ on legacy commission would allow the industry to make a more orderly transition to adviser charging. The clause would allow advisers to continue to receive legacy commission for a period of five years, but once that time period is up, legacy commission would cease. In March, the FSA […]

Core strength

Last week’s bailout deal for Greece was not a solution to the eurozone debt crisis. It was simply a debt devaluation – and, no doubt, it will be the first of many. Debt devalua-tions are necessary to provide fiscal relief but they do not improve competitiveness. Supply-side reforms are essential. While there have been important […]


Tyrie vows to keep up pressure on FSA for RDR delay

Treasury select committee chairman Andrew Tyrie is pledging to keep up the pressure on the FSA after the regulator swiftly dismissed the committee’s recommendation to delay the RDR by a year. Last week, Tyrie wrote to FSA chief executive Hector Sants to express his anger over the regulator’s decision to reject the TSC report’s key […]


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