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Newcastle Building Society – FTSE Lock In Toisa

Monday, August 19, 2002

Type: Tessa only Isa

Aim: Growth linked to the FTSE 100 index

Minimum investment: Lump sum £3,000

Maximum investment: £9,000

Catmarked: No

Charges: None

Commission: Initial 2%

Tel: 020 7710 6906


Shortages see property prices rocketing by 20%

Housing prices have soared by over 20 per cent in the year up to July, fuelled by property shortgages, says Halifax.The average UK house price leapt by 1.9 per cent last month to £111,823 from £109,738 in June and was 20.8 per cent up on the £92,569 reached in July last year, a significant rise […]

Who will follow R&SA?

Who&#39s next? That is the question on everyone&#39s lips following Royal & Sun Alliance&#39s closure to new business. Offices without high-profile backers with deep pockets – even the biggest – are sure to attract scrutiny from IFAs in coming months.In R&SA&#39s defence, it is not in the same shameful camp as the old regime at […]

Independent view

It is amazing how a bear market and a couple of reports can completely change the industry&#39s priorities. There has never been any doubt in my mind that the most important thing in any wholesaling or manufacturing business is the quality and coverage of those manufacturers&#39 retailers.I suspect the distance and the amount of broken […]

R&SA in move to use orphan assets to fund GARs

Royal & Sun Alliance is meeting the FSA to discuss using its orphan estate to mitigate its £1.1bn guaranteed annuity rate liabilities following its closure to new life, pension and unit-linked business last week.Chief actuary Mike Kipling says the firm is likely to hit the funds of with-profits policyholders in its ailing Sun Alliance & […]


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