Wednesday, 16 May 2001.
Type: Guaranteed equity bond.
Aim: Growth linked to the FTSE 100, Nikkei 225 and Dow Jones EuroSTOXX 50 indices.
Minimum-maximum investment: £1-£500,000.
Term: Five years.
Guarantee: Capital returned in full at end of term regardless of performance of indices.
Return: Capital returned in full along with 85 per cent of the average growth of the indices.
Closing date: July 6, 2001.
Commission: Subject to negotiation.
Tel: 0191 244 2121.
New Star Asset Management is appointing Simon Burgess as legal director.Burgess joins New Star from Clifford Chance where he was senior corporate and mergers and acquisitions partner. Burgess joined Clifford Chance in 1970 and became a partner in 1976.New Star chairman John Duffield says: “Simon's appointment is excellent for New Star. He is bringing a […]
Merrill Lynch Investment Managers is getting plugged into the world ofheat, light and water with the world utilities fund. Based in Luxemburg, world utilities is a Sicav aimed at investors lookingfor a low to medium-risk fund. It will invest in companies that supplyelectricity, water and gas. It will also target companies that are involvedin new […]
The Building Societies Association has slammed research by the Halifax which claims 52 out of 67 mutuals offer mortgage rates more expensive than High Street banks.Speaking at the BSA conference in Harrogate, BSA director general Adrian Coles said building societies were in no mood to take lessons from the UK’s biggest lender.He said: “If Halifax […]
Aifa and IFA Promotion are setting up a joint company to create a combinedstrategy for promoting independent advice, ending months of speculation ofthe two organisations merging. In a letter obtained by Money Marketing, IFAP tells its sponsors thatplans for a merger fell apart because Aifa wants to be independent fromproduct providers. Instead, a new jointly […]
Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery.
In the video, Burnett addresses the following:
• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]