Britannia Building Society has launched a three year fixed rate bond with a 5 per cent annual interest rate over its term.
The minimum investment on the bond is £1,000 and there is also a monthly interest option of 4.75 per cent with a minimum of £2,000.
Considering the flexibility offered by the fund, Gilbey feels it isrelatively limited, even in the context of its place within an umbrellafund. He says: “The alternative funds are limited toAshburton’s offering and theirs is not such a diversified rangeas some investment groups. Those advisers who are now used tothe flexibility and choice offered by fund […]
National Mutual is to disappear from the IFA market, having been swallowed up by new owner GE Capital, the financial subsidiary of the biggest company in the world.Only seven months after the deal was announced, National Mutual is vanishing and an enlarged GE Life takes over from April. The result is a business specialising in […]
Friday March 1, 2002 Type: Guaranteed equity bond Aim: Growth linked to the FTSE 100 index Minimum-maximum investment: £3,000-£500,000, Isa £1,000-£7,000 Term: Five years Guarantee: Capital returned in full along with 20 per cent growth at end of term Return: Capital along with up to 60 per cent growth Closing date: April 27, 2002 Commission: […]
Britannic Asset Manage-ment is offering a 1 per cent discount on its four global sector funds until April 30. The discount will take the initial charge on the global healthcare, global technology, global resources and global financials funds to 4.25 per cent from 5.25 per cent. The funds have an annual charge of 1.5 per […]
Holly Cassell, Assistant Manager of the Neptune UK Opportunities Fund The decision of the Federal Reserve not to raise US interest rates at its September meeting was met with surprise by many, and has been blamed by some as the chief catalyst for the global market volatility that followed. How does this affect the timing […]
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The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]
There are increasing hurdles to consider for advisers making the move to sell their business and trade under a new parent. Recent figures from Nucleus show advisers are shunning the idea of selling to consolidators, thanks to increasing examples of the process going wrong. Figures from a survey of around 200 advisers by the platform […]
The boss of Richmond House Wealth Management responds to Money Marketing columnist Paul Lewis’s latest article that questioned the effect of pension freedoms I am in the majority of advisers in that I am still, just, in my 50s. I therefore grew up with the Man from the Pru calling monthly to collect premiums, got […]