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Meteor Asset Management – Prima Platinum Plan 12

Meteor Asset Management – Prima Platinum Plan 12

Type: Capital-protected bond

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

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

Term: Six years and two weeks

Return: 10% growth plus the original capital at the end of year one provided both indices are at or above their initial values, 20% growth plus capital at the end of year two, 30% growth plus capital at the end of year three, 40% growth plus capital at the end of year four, 50% growth plus capital at the end of year five or 60% growth plus capital at the end of year six

Protection: Original capital returned in full at the end of the term provided neither index falls by more than 50% without returning to at least its initial value

Closing date: October 5, 2011 for electronic transfers, September 30, 2011 for cheques, September 23, 2011 for Isa transfers

Commission: Initial 3%

Tel: 020 7904 1010


MPs call for Payments Council to be more accountable

The Treasury select committee has called for the Payments Council to be brought within the financial regulatory system amid concerns over its accountability. The TSC’s report, published today, welcomes the Council’s decision to retain cheques, but recommends that the Treasury makes provision in the upcoming Financial Services Bill to bring the Payments Council formally within […]

The cap fits

As an MP, John McFall was an excellent chairman of the Treasury select committee, regularly putting banks and officials in the firing line. So the pillorying that McFall has endured for his proposal (from his seat in the House of Lords) to cap pension charges at 1.5 per cent a year seems a bit unfair. […]

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Free thinking

The FSA says it is clamping down on misleading financial promotions with a 32 per cent increase in the number of promotions withdrawn following regulatory pressure. Will this tough stance be extended to the Money Advice Service’s recent misleading “free advice” advert? We are not holding our breath.

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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