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NDF new issue aims for extended Isa allowance

NDF Administration is laun ching a fifth version of its extra-income and growth plan which aims to take advantage of the recently extended Isa allowance.
The plan allows investors using the Isa option to use both their 2000/01 and 2001/ 02 Isa allowances. Investors can put £14,000 in to the Isa.
The plan pays a 10.5 per cent annual income for three years or 30.3 per cent tax-free growth for Isas and Pep transfers investing in the fixed-growth option. A quarterly income of 2.27 per cent is also available.
Minimum direct investment into the plan is £10,000 and maximum £1m. There are no initial or ongoing charges. Commission is 3 per cent.
The offer opens on Dec ember 6 and closes on Jan uary 31 2001. The assets of the plan are backed by Abbey National Treasury Services.
Capital is returned in full as long as the Dow Jones Eurostoxx does not fall by more than 15 per cent during the investment term.
Managing director Antony Stack says: “The plan will provide investors with a reliable stream of income. We anticipate strong demand, with IFAs supporting each of the four previous offers more heavily each time.”


Government warns small businesses over stakeholder

Small UK businesses have been warned by the Government they risk being fined up to £50,000 if they ignore stakeholder pension regulations. Stakeholders come into force in April 2001 and every company with more than five employees is legally obliged to set up a scheme. However, research by Axa Insurance on 540 small businesses nationwide […]

Chase Fleming values style

Chase Fleming Asset Management is targeting investors looking for long term growth with the introduction of another offshore style fund.The FF-US strategic value fund will invest in undervalued US stocks. Stocks will not be selected simply because they are cheap. They might be temporarily out of favour because the economic climate of the time favours […]

The new world disorder

Falling prices do not mean that advisers should tear up their sales script.Investors and their advisers today find themselves in unfamiliar territory. Current economic and financial news seems to be following a rather different script to the one most of us wrote just a few months ago.In past weeks, we have seen Government intervention to […]

Ex-Burns Anderson chiefs join Berkeley

Devon-based IFA network Berkeley Wodehouse Asso ciates has pulled off a coup with the rec ruitment of two former top directors of rival network Burns Anderson.They are former chief executive Philip Whitehead who retired from Burns Anderson in 1998. He will become chairman of Ber keley. Former associate commercial dir ector Mal colm Streatfield will […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


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  1. When will this allowance be lonched

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