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Norwich Union – Fixed Income Plan 4

Type: Capital-protected bond

Aim: Income linked to the FTSE 100 index

Minimum-maximum investment: £3,000-no maximum, Isa

Term: Five years

Guarantee: Original capital returned in full provided the FTSE 100
does not fall by more than 30% and returns to at least its starting

Return: 0.44% income a month, 5.65% income a year, 31.28% rolled
up income at end of term

Closing date: February 6, 2004, Pep/Isa transfers January 9, 2004

Commission: Initial 3.25%

Tel: 0845 6072439


Chase fined £165k for structured marketing

Chase de Vere Financial Solutions has been hit with a £165,000 fine in the first FSA penalty against an IFA over the marketing of structured products.The regulator says Chase, which rebranded from Chase de Vere Investments following its merger with Moneyextra Financial Solutions last June, launched a marketing campaign last March through national newspapers, promoting […]

Rights and wrongs

There is no doubt that the Financial Services and Markets Act gives the FSA strong powers. Whether those powers are so Draconian that the European Court decides they breach the IFA&#39s human rights can only be tested by legal challenge.If FSMA is overturned, the way that the IFA works would be changed for ever -no […]

Honours for Axa boss Brydon and pension reviewer Pickering

Axa Investment Managers chairman Donald Brydon has received a CBE in the Queen&#39s New Year&#39s honours list.Brydon, 58, spent 22 years at Barclays and was chief executive of Axa Investment Managers from 1997 to 2002 before becoming chairman. He is also deputy chairman of the Financial Services Practitioner Panel.Prudential chairman and former Bank of England […]

Aegon widens IFA reach with Aurora deal

Aegon UK has further extended its reach into the IFA world, buying up all of Kent-based Aurora Financial Group.The firm already owned a 9 per cent stake in Aurora which it bought last January but in a deal sealed this week, it has bought out the whole company. It already has majority holdings in five […]


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