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NDF Administration introduces fourth edition of extra income and growth plan 4

The product is a guaranteed income/growth bond, with the investment management provided by Abbey National Treasury. The investor will buy shares in Census, an investment company based in Ireland. Census will then invest in the Dow Jones Eurostoxx 50 index over a three year period.

During this time if the Eurostoxx 50 index falls by 20 per cent over the three year term, investors capital will reduce by one per cent for every one per cent fall in the index. If the index falls by more than 20 per cent then capital reduces by two per cent for each one per cent fall in the index beyond this point. This means that the capital is not guaranteed.

The doubling of the erosion of capital to two per cent beyond a fall of 20 per cent is very steep and could penalise the client in the event of a market correction. However the Eurostoxx 50 index has traditionally been stable over the long term and extra income and growth 4 should appeal to clients seeking this kind of product.

A maxi Isa version of the plan is also available as well as a pep transfer option.


30 NatWest staff join Dunbar franchise

Allied Dunbar franchisee Taylor Harkin Group has poached 30 financial advisers from NatWest Bank.The group, set up by two ex-NatWest directors in April, joined Dunbar&#39s Franchisee Network last week.Thirty-two of THG&#39s 40 staff come from NatWest, including all nine members of the management board.Its two founders, Greg Harkin and Neil Taylor, were regional directors for […]

Changing the image of advisers

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Rs are to reason why

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Colonial Stewart Ivory appoints new chief executive

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Inheritance tax – How to declare and who pays

By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays the tax. To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB is […]


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