View more on these topics

NDF Admin goes fourth with 3-year 30% return

NDF Administration is offering a fourth version of its extra-income and growth plan.

It features a return of 30.5 per cent over three years, providing the Dow Jones Eurostoxx 50 index does not fall by more than 20 per cent over the term.

Income investors can get up to 10.1 per cent a year for three years, again providing the Eurostoxx index does not fall by more than 20 per cent during the term.

Plan 4 will be sold exclusively through IFAs. Its predecessor, the third version, has attracted £100m since launch in June.

The Eurostoxx 50 index tracks the top 50 companies listed on European stockmarkets. As long as the market does not fall below 20 per cent of the starting index level, the investor will receive 100 per cent of their capital plus growth.

Managing director Antony Stack says: “We believe that the extra income & growth plan 4 offers cautious investors the best possible returns, whether they are investing for income or growth. By using innovative investment techniques, we have been able to combine excellent returns with a considerable degree of protection in a highly tax-efficient way.”

Recommended

Bristol & West offers range of exclusive protection products

Bristol & West is offering a range of exclusive protection products designed by Eagle Star, to run alongside its mortgage range.The new additions consist of two versions of mortgage protection: a level term assurance for interest only mortgages, and a decreasing term assurance for repayment mortgages. There is also a guaranteed protection plan and flexible […]

Opra says fines system is working

The Occupational Pensions Regulatory Authority says its policy of imposing small fines up to £50 is keeping employers up to date with pension contributions.Opra says it is actively using its authority to issue civil penalties for late payment of employee contributions and late production of audited accounts.It claims its ability to issue penalties rather than […]

Perpetual to announce future plans

Perpetual is expected to make an announcement on its future after the collapse of merger talks with US giant Amvescap. Industry sources predict the fund manager will be bought by a US or European bank. Amvescap has announced its purchase of Canadian fund manager Trimark. It is believed the prospect of having to integrate two […]

Treasury clears up tax rules on critical illness policies

The Treasury has clarified the tax regime governing long term illness insurance policies. It says when a policy is upgraded, meaning more diseases covered, the tax implications will not change unless the premium does. Previously the Government had insisted that any significant change to a policy left it open for tax changes. The ABI welcomes […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment