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M&G aims for High Yield




Aim: To provide high monthly income by investment in lower-rated high-yield bonds.

Minimum investment: Single – £1,000, regular – £50 a month.

Investment split: Model portfolio based on existing corporate bond – corporate bonds – 87 per cent, gilts – 8 per cent, cash – 5 per cent.

Yield: Redemption – 9.5 per cent, distribution – 8.5 per cent.

Charges: Initial – nil, annual – 1.25 per cent, early surrender – 4.5 per cent in year one decreasing to 1 per cent in year five and nil thereafter.

Special offer: 50p fixed price during launch period.

Offer period: Until October 16, 1998.

Commission: Initial – 3 per cent and renewal – 0.35 per cent during launch period only.

Tel: 0800 389 8601.


Protection product welcomes smokers with open arms

A Lloyds of London insurance syndicate has launched a new income protection product which does not discriminate against smokers.The product called Incomesafe has been launched by Goodfellow Rebecca Ingrams Pearson (GRIP).It is fully compliant with ABI guidelines and will provide up to 75 per cent of earnings to people unable to work due to accident […]

Charlton Athletic FC launches savings account

Charlton Athletic is teaming up with its South East London neighbour Woolwich Building Society to offer a new savings account.The club – confident will not be relegated from the Premier League – is launching the Charlton Premier Savings account.The account offers a Visa Electron debit card and fans can withdraw money from any Woolwich or […]

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Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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