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Meteor Asset Management – Protected FTSE Plan 3

Meteor Asset Management – Protected FTSE Plan 3

Type: Guaranteed equity bond

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

Minimum-maximum investment: £10,000-no maximum, Isa £10,200

Term: Six years and two weeks

Return: 45% of the original investment at the end of the term provided index is at or above its initial value

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

Closing date: June 27, 2010, June 16, 2010 for Isa transfers

Commission: Initial 3%

Tel: 020 7904 1010


FSA set to escape the axe

The FSA is expected to survive the Conservative-LibDem Government’s banking regulation plans. New Chancellor George Osborne has been forced to alter his plans to scrap the FSA and hand supervisory powers to the Bank of England. Under the original plans, the Conservatives intended to set up a consumer protection agency in the FSA’s place but […]

Bluefin slashes jobs in private client division

Bluefin Advisory Services has restructured its private client financial planning division, cutting adviser numbers from around 180 to 50. The firm says that the restructuring process, headed by private clients managing director Suvan de Soysa, was designed to better position the business in preparation for the retail distribution review. As part of the reshuffle, all […]


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