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Meteor Asset Management – FTSE 5 Quarterly Defensive Plan 5

Meteor Asset Management – FTSE 5 Quarterly Defensive Plan 5

Type: Capital-protected bond

Aim: Growth linked to the performance of five FTSE 100 companies in different sectors – BP, GlaxoSmithKline,HSBC Holdings, Marks & spencer and Rio Tinto

Minimum-maximum investment: £10,000-no maximum, Isa £10,680

Term: Five years and two weeks

Return: 4.5% growth for each quarter the plan is invested plus original capital provided all five shares are at or above 85% of their initial values

Protection: Original capital returned in full at the end of the term provided none of the shares falls by more than 50% by the final day of the term

Closing date: April 18, 2012 for bank transfers, April 13, 2012 for cheques, April 5, 2012 for Isa transfers and Isa applications for 2011/12 tax year

Commission: Initial 3%

Tel: 020 7904 1010


Chancellor considers scrapping 50 per cent income tax rate

The 50 per cent income tax rate could be scrapped or reduced in next week’s Budget, according to reports. The Guardian quotes Government sources saying Chancellor George Osborne “has been intellectually persuaded” of the case to scrap the rate. The FT reports that the Chancellor is considering reducing the highest rate if income tax to […]

CHL sale on hold as IL&P is reviewed

Irish Life & Permanent has delayed its decision on the sale of buy-to-let lender Capital Home Loans until the Central Bank of Ireland completes its review of IL&P. Money Marketing understands IL&P has had over 10 bids for CHL which have been deemed acceptable. A sale was due to complete in the first quarter of […]

Putting on the breaks

Calls for Chancellor George Osborne to announce new tax relief measures for landlords in next week’s Budget have split the mortgage industry. Landlords can already minimise the tax they have to pay by offsetting the cost of mortgage interest, letting agency fees and replacement furniture and repairs against the tax payable on rental income. But […]

FSA wins £32m land banking case

The FSA has secured a £32m High Court judgment against three land banks but says victims are unlikely to get their money back. The High Court ruled that James Kenneth Maynard, Countrywide Land Holdings Limited (Countrywide) and Plateau Development & Land Limited (Plateau) operated a collective investment scheme without authorisation and sold plots of land […]

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Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


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