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Morgan Stanley IQ – FTSE Gilt Backed Growth Plan 10

Morgan Stanley IQ – FTSE Gilt Backed Growth Plan 10

Type: Capital-protected bond

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

Minimum-maximum investment: £3,000-no maximum, Isa £10,680

Term: Six years

Return: 15% growth plus capital at the end of year two, 22.5% growth plus capital at the end of year three, 30% growth plus capital at the end of year four, 37.5% growth plus capital at the end of year five or 45% growth plus capital at the end of year six. Investors can choose to continue with the plan until year six if the kick-out feature is triggered by index performance

Protection: Original capital returned in full at the end of the term provided the index does not fall by 50% or more without returning to at least its initial value by the final day of the term

Closing date: October 5, 2011, September 28, 2011 for Isa transfers

Commission: Initial 3%

Tel: 020 7425 9000


Ignis confirms Argonaut split

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High cost of Europe plan for national mortgage registers

Mortgage experts have warned that a European Union proposal for member states to record the details of all mortgages in national registers would be expensive and unnecessary with significant costs passed on to consumers. Buried in a report by the economic and monetary affairs committee rapporteur Antolin Sanchez Presedo, published last month, is a proposal […]

Providers challenge HMRC on pension tax relief audit

Pension providers have raised concerns about HM Revenue & Customs’ audit of members who are eligible for tax relief on contributions, after being challenged for having “deficient member declarations”. The Association of Member-directed Pension Schemes says two committee members reported concerns about the revenue’s relief at source, or RAS, audits.Chairman Robert Graves has begun sounding […]


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