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 […]
Paul Fidell, Head of Business Development (Investments), writes about one of the primary challenges for those involved in estate planning. He looks at dealing with investment uncertainty in these low growth, low inflation but still volatile investment conditions. Protection of capital, to leave something for beneficiaries, is a fundamental objective of many people’s plans for […]
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In a world of pension freedoms, longevity risk falls on the individual. Clients must realise they will likely live longer than they think Mortality is not the nicest topic of conversation, but there is plenty of evidence that if clients do not have a realistic picture of how long they are likely to live, they […]
A judicial review about changes to the state pension age for millions of women born in the 1950s will take place from 5 to 6 June. The Department for Work and Pensions has confirmed that last November’s decision by the High Court to grant permission for a judicial review will go ahead in the summer. […]
The Pensions Regulator has called on financial advisers to stand behind the cold-calling ban by doing more to report potential scammers. In a blog post this morning, TPR frontline regulation director Nicola Parish calls on IFAs to show clients the FCA’s Scam Smart website to alert them to the warning signs of fraud, particularly when […]