Nationwide is offering its members of three years or more the chance to invest in two savings bonds.
The Members' Fixed Rate Bond is a one year fixed-rate bond paying 7.35 per cent gross.
The Members' Reward Bond is a three year variable rate bond currently paying 7.75 per cent gross.
The building society says the minimum investment for both bonds is £1 and qualifying members should apply at their local branch.
Demand for life insurance and pension policies is continuing to rise according to the Association of British Insurers.Its third quarter figures sales of new life policies, individual pensions and collective investment schemes rose by 8 per cent to £7.5bn.Single premiums rose by 16 per cent to £4.3bn and new annual premiums rose 8 per cent […]
Lazard Asset Management is celebrating being awarded Best Global Fixed Income Fund at the OFFEX 1998 Awards for Excellence.The Global International Bond Fund won the offshore sector category. It has returned 48.2 per cent since its launch in April 1994 and is rated AAA by Standard & Poor's.Director Rupert Tyer says: "We are delighted that […]
Merrill Lynch is predicting that the number of UK investors with financial assets exceeding £50,000 will increase 25 per cent by 2005.IFAs are welcoming the results of the research and hope it will prove a catalyst in developing financial products that are easier for the consumer to understand.The investment bank is predicting that by 2005 […]
Colonial is to make its serious illness healthcare plan available on The Exchange's electronic service.The life office says that IFAs will now be able to choose between its own service centre and electronic access via The Exchange.Head of IFA sales Fitzroy Burton says: "Putting the Serious Illness Plan on the Exchange is in response to […]
The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
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