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NDF launches two new plans

NDF&#39s two latest plans, the UK defined bonus plan and the European defined bonus plan, are opening to investors today.

Growth potential for both is linked to the performance of either the FTSE 100 or the Dow Jones Eurostoxx 50 index, with a term of up to six years. The plans offer the potential for early maturity with growth equivalent to either 7.5 per cent (UK defined bonus plan) or 10 per cent (European defined bonus plan) each year.

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Out of context

•”I have never understood why people who save money are called consumers.” – Scottish Life pension guru Steve Bee. •”Over there in Westminster, we have got a whole load of Claudio Ranieris. They do tinker a lot.” – Bee on our esteemed politicians. •”I look like a Swan Vesta.” – Group 300 chief executive Chris […]

Omam blow as Ross is among four to quit firm

Old Mutual Asset Management is the latest fund manager to suffer a high-profile departure as head of its quants team David Ross is leaving, taking three members of his team with him. All four will serve out their notices, ranging from three and six months, which Omam says will give it time to find replacements. […]

Mortgage Next launches two self-cert mortgages

Mortgage Next has launched two new self-certification mortgages, both funded by BM Solutions and available exclusively via Mortgage Next members. Both products are Bank of England base rate trackers and available for the employed and self-employed and for purchase or remortgage. The first product is the base rate plus 0.55 per cent for two years […]

Parker fights corner for smaller societies

Incoming Building Societies Association chairman John Parker of Stroud and Swindon Building Society is keen to use his experience as chief executive of one of the smaller societies to help alleviate regulatory pressure on those societies with fewer resources. He says: “The pressure of regulation is acute for smaller societies. The large societies such as […]

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.

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