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Morgan Stanley – FTSE 100 Income Plan

Type; Capital protected bond

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

Minimum- maximum investment: £5,000-no maximum, Isa £3,000-£7,000

Term: Three years

Guarantee: Original capital returned in full provided index does not fall by 30% or more at any time during the term

Return: 6.5% income a year

Closing date: October 31, 2003, Isa/Pep transfers October 17, 2003

Commission: Initial 3%

Tel: 020 7425 9000


FOS now expects 50,000 endowment complaints

The Financial Ombudsman Service says it now expects to receive 50,000 mortgage endowment related complaints during the 2003/2004 year, up from the 20,000 it had predicted in the Spring. The increase is due to a sudden surge over the last two months in the number of endowment complaints received by the FOS. It now says […]

&#39Incompetence offers planners an opportunity&#39

The financial services market is rife with failure, incompetence and ignorance and this situation offers financial planners a key opportunity to increase their business, Seven director Justin Urquhart Stewart told this year&#39s Institute of Financial Planning annual conference.He believes that the public now has an innate distrust of the Government, regulators, the markets, banks and […]

&#39The focus should be on raising standards&#39

Re-establishing consumer trust is not a realistic goal and the focus needs to be on lifting standards, says Aegon corporate development director Laurie Edmans.Speaking on consumer trust, he said the problems are not about re-establishing consumer trust, as that is something the industry has always struggled with because of the nature of the products it […]

Out of context

•”They are flooding in in droves of three.” – Sofa managing director Brian Lawless comments on Chartered Insurance Institute conference delegates arriving at a breakout session he was chairing.•”You have, of course, disclosed one secret I hoped would remain private. I am an actuary.” – Swiss Re chief executive John Coomber at the CII conference.•”I […]


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