View more on these topics

Meteor Asset Management – Top Ten Kick-Out Plan 3

Meteor Asset Management – Top Ten Kick-Out Plan 3

Type: Capital-protected bond

Aim: Growth linked to the performance of the top 10 stocks on the FTSE 100 index, by index weighting, as at October 11, 2010

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

Term: Seven years and two weeks

Return: Option 1 –  18.5% at the end of year one provided at least 8 shares are at or above their initial values, 37% at the end of year two, 55.5% at the end of year three, 74% at the end of year four, 92.5% at the end of year five,111% at the end of year six or 129.5% at the end of year seven, Option 2 –  11% at the end of year one provided at least 7 shares are at or above their initial values, 22% at the end of year two, 33% at the end of year three, 44% at the end of year four, 55% at the end of year five, 66% at the end of year six or 77% at the end of year seven

Protection: Option 1 – Original capital returned in full at the end of the term provided no more than two shares fall by more than 50 per cent by the final day of the term, option 2 – Original capital returned in full at the end of the term provided no more than three shares fall by more than 50 per cent by the final day of the term

Closing date: November 24, 2010, November 12,  2010 for Isa transfers

Commission: Initial 3%

Tel: 020 7904 1010

Recommended

Kent Reliance signs transfer agreement

Kent Reliance Building Society has signed a conditional transfer agreement to move its assets to a new company called OneSavings plc as part of its restructuring deal with private equity firm JC Flowers. JC Flowers and Kent Reliance have been in talks since last October to set up a new venture that will act as […]

Bearing up

I first covered Jupiter absolute return fund when it was launched last December. At the time, I was quite glowing, so it is only fair to provide an explanation of its relatively poor performance since. It launched to great fanfare and has attracted in excess of £600m, so for Philip Gibbs it has certainly been […]

10

FSA fines two brokers £415k for mortgage fraud

The FSA has banned three individuals for mortgage fraud and fined two of them a total of £414,683 for knowingly submitting false and misleading information to secure mortgages for themselves and their customers. The FSA has fined Mark Bates from Sheffield-based Pace Financial Management £264,683 for knowingly being involved in mortgage fraud whilst he was […]

30

A common sense approach to RDR?

It would be disingenuous to assume that the FSA does not conceive its initiatives with the best intentions. However, as we are now in the last quarter of 2010 the reality of the RDR becoming a catastrophic failure must weigh heavy on the FSA RDR architects behind closed doors. It was reported earlier this year […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com