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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The Pensions and Lifetime Savings Association has announced it is one of 33 new signatories that has signed up to HM Treasury’s Women in Finance Charter today. This has pushed up the number of firms that have joined the initiative to improve gender diversity within financial services to 300. These range from global banks to […]
Private Finance has concluded that a borrower on an average standard variable rate could save over £4,500 a year by switching to a two-year fixed rate deal. The mortgage broker says, in total, borrowers pay £15.4bn a year in SVR interest, with the typical rate on a 75 per cent LTV loan being 4.39 per […]
Negative headlines have made offshore investing look fraught with difficulties, but overlooking them could be doing clients a disservice In the lead-up to 30 September you may have read a bit about the “requirement to correct” with regards to the offshore investments of UK residents. You may also have wondered exactly what it was. The RTC […]
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