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NDFA – Defined Income Plan August 09


Defined Income Plan August 09

Type: Capital-protected bond

Aim: Income and the return of capital linked to the performance of the FTSE 100 index

Minimum-maximum investment: £10,000-£1m, Isa £7,200, £7,500 for investors aged 50 plus

Term: Five years

Return: 0.6042% income a month

Guarantee: Original capital returned in full provided the index does not fall by more than 50% without returning to at least its initial value

Closing date: October 2, 2009, September 18, 2009 for Isa transfers

Commission: Initial 3%

Tel: 01727 734 315


Lehman delays cast a cloud over structured sector

The FSA’s request for the Financial Ombudsman Service to defer consideration of complaints about Lehman-backed structured products for a further three months is unwelcome news for investors.

Scale model

Forgive me if, just for once, I come over as totally unimpressed by Resolution’s takeover of Friends ProvidentI know it is an important business story. I fully understand that it has implications for the rest of the industry, marking a new departure in the way it may consolidate in the coming years.


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