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New capital bond from Newcastle Building Society

Newcastle Building Society is launching a capital safe bond this week.

Even if the three indices linked to the bond, the FTSE 100, EuroSTOXX 50 and Nikkei 225 to which the bond is linked all fall over the term, investors are guaranteed all of their investment back and growth of 85 per cent of the average growth in 3 global indices over the term.

The product also offers a facility which allows investors to borrow back up to 60 per cent of their investment.


Equitable says Baird report will help its own investigation

Equitable Life says the Baird report will assist its own investigation into whether legal action can be taken against previous directors, advisors or regulators.Herbert Smith is acting on behalf of Equitable to see if policyholders can claim for compensation from regulators. The law firm will use the Baird report to reduce costs, but will not […]

AMP sets up direct sales force

AMP is creating a 500-strong direct salesforce to give non-FSA regulated face to face advice.AMP’s existing 2,000-strong salesforce will be reorganised to create the new team. It will also operate under the Pearl brand and will offer general insurance, banking products and mortgages through AMP Bank, Abbey National, Alliance & Leicester, Nationwide and Woolwich.

Aberdeen Unit Trust Managers – Thomas & Friends Children&#39s Investment Plan

Tuesday, 16 October 2001.Type: Unit trust.Aim: Growth by investing in a choice of Aberdeen sterling bond, Aberdeen UK blue chip, Aberdeen global champions.Minimum investment: Lump sum £500, monthly £25.Investment split: Choice of Aberdeen sterling bond, Aberdeen UK blue chip, Aberdeen global champions.Isa link: No.Pep transfers: No.Charges: Initial 4.25 per cent, annual 1.25 per cent Aberdeen […]

Massow in deal to buy back his business

The millionaire IFA Ivan Massow has managed to buy back his business on the same day that it went into receivership in a deal last week.The IFA&#39s financial troubles come a year after Massow Fin-ancial Services merged with rival Louis Letourneau&#39s Rainbow Finance to form the Massow Rainbow Group. Letour-neau became CEO of the firm.The […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


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