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New structured product from Woolwich

The Woolwich is launching a capital growth plan that guarantees a minimum return of initial investment after the five and a half-year term and the potential to achieve 100 per cent upside on the FTSE 100.

The bond, available through intermediaries until April 30, 2004, is available for investors with a minimum £3,000 and a maximum £500,000. The plan is also available as an Isa investment for the current or following tax year, a direct investment or as a Pep or Isa transfer.

Investment in the plan, which offers 3 per cent commission to IFAs, will start on May 6, 2004 and mature on November 6, 2009.


&#39Directors kept in the dark by management&#39

Equitable Life&#39s management and former board have come under heavy fire in the Penrose report, with former directors described as being inadequately skilled to know they were being kept in the dark by the management team. In his key findings, Penrose identifies that as early as 1983 the society&#39s executive management had decided to meet […]

Woolwich Plan Managers – Woolwich Capital Growth Plan

WOOLWICH PLAN MANAGERS Woolwich Capital Growth Plan Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£500.000 Isa £7,000 Term: Six years Return: 25% growth on initial investment or 50% growth in the FTSE 100 index Guarantee: Original capital returned in full regardless of performance of index […]

Pension credit is savings barrier

A person who saves 20 per cent of salary from age 41 to 65 will lose a third of what they save by not getting the pension credit, according to research by the Pension Policy Institute. The thinktank&#39s study shows that someone starting saving at 41 and retiring at 65 needs to save 20 per […]

FSA puts endowments, LTC and drawdown on menu

The FSA has included products such as endowments, long-term care and income drawdown in its menu plans even though it concedes they would not be considered mass-market products. It says it has tried to keep the menu as simple as possible but it includes products outside those most commonly sold, believing they “have particular risk […]


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