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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Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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