View more on these topics

MGM plan offers 110% guarantee

MGM Assurance is offering a structured product which guarantees the return of 110 per cent of the initial investment after its five-and-a-half-year lifespan.

The growth assured bond, which starts on June 30, will pay on maturity the greater of 110 per cent of the initial investment or 45 per cent growth in the value of the FTSE 100. There is no breach level which could affect the return and no upside limit.

Due to the guarantee, 85 per cent of the capital will be invested in a zero coupon bond issued by an institution – yet to be chosen – with at least an A credit rating from Standard & Poor&#39s. Taking into account charges, around 7-8 per cent of the remaining capital will be linked to the FTSE 100.

IFA general manager Ian Gilmour says: “It is a deliberately simple product – perfect for the investor with money on deposit who is looking for a greater return than paid by a bank or building society.”


Equity fund invests in recycling firms

The Waste & Resources Action Programme is launching an equity fund which invests solely in recycling companies. Managed by Impax Asset Management, the fund aims to boost recycling by narrowing the gap between the availability of investment capital and the demands of medium size firms in the recycling sector. Wrap, a non-profit making organisation, is […]

Inside edge

Everyone is talking about simplification in financial services and how important this is to get more people saving. Nothing can be more true than in the pension arena where, frankly, far too many people are saving little or nothing and many face the prospect of a miserable retirement.The Pension Green Paper is intended to sweep […]

Live wires plug into the pension problem

IFAs advising on pensions are facing a critical time. Many industry commentators feel the Government&#39s Pensions Green Paper does not go far enough towards fixing the problems in the market or providing a stable framework for the future.At the Money Marketing Live conference at London&#39s Olympia on May 13, ABI head of pensions and savings […]

Commission deal from Standard Life

Our new rep from Standard Life (late of Royal & Sun Alliance) came to see us last month.He wanted to bang his drum about how Standard Life have tinkered around with their personal pension contract so that they can now pay us in commission just over half what they did prior to stakeholder. On new […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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