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Nationwide GEB offering 85% of FTSE 100 growth

Nationwide is offering a new guaranteed equity bond linked to the FTSE 100 with an 85 per cent return of index growth at the end of a five-year term.

As the bond is offered through Nationwide’s life company, the growth of 85 per cent is paid after tax. Nationwide says this is equivalent to 106 per cent before tax for basic and higher-rate taxpayers. The bond previously offered investors 70 per cent of FTSE 100 growth. Minimum investment is 5,000 and the bond is open until May 14. Bonuses are being offered at 0.4 per cent until April 16, 0.3 per cent between April 18 and April 30 and 0.2 per cent between May 3 and May 14.

Nationwide Investments managing director Clive Parkinson says: “For people wanting to invest in the stockmarket but who are worried about the risks, GEBs are the solution. Investors have the potential to benefit from stockmarket growth without putting their original investment at risk.”


A consumer’s view

There has been a recent debate about whether procuration fees for mortgage brokers should be standardised across the industry.

Reywood and Loud&Clear PR firms merge to form Concise

Public relations firms Reywood and Loud&Clear have joined forces to become Concise Public Relations, operating as a corporate communications consultancy.The new firm began practice on Friday April 1, with a clear remit of delivering an experienced, specialist and cost-effective communication service. All the companies existing clients will now be contracted to Concise, maintaining its specialism […]


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