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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Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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