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NS&I offers bond as it looks to FTSE recovery

National Savings & Investments is looking to capitalise on indications that the FTSE 100 could be on the path to recovery with the launch of a new series of guaranteed equity bonds.

The move comes as economist Lombard Street Research director Stewart Robinson predicts the index will enjoy reasonable growth over the medium term after hitting its lowest level for six years.

On the back of these expectations, NS&I is releasing a five-year, capitalsecured bond on sale between October 17 and November 28.

Offering a potentially attractive return, the stockmarket-linked bond guarantees investors will rec eive a minimum of their initial stake back on maturity. The Treasury-backed pro-vider says interest in the product is high, with over 7,000 enquires already received.

The bond offers investors all the growth in the FTSE 100 over the five-year term of the bond subject to a maximum return of 65 per cent growth.

It is available for individuals or trustees, including those acting on behalf of children, to invest between £2,000 and £1m on a limited basis. During the six-week offer period, investors will earn interest of 3.15 per cent gross paid at maturity. The investment period starts on November 29.

NS&I is aiming to capture more business through IFAs with the appointment of a intermediary account manager.

Commercial director Gill Cattanach says: “Customers can invest in our guaranteed equity bond certain in the knowledge that their investment can go up but cannot go down. National Savings & Investments&#39 guaranteed equity bond provides this 100 per cent security because it is backed by HM Treasury.”


Cleaning up facts on laundering

I refer to the article in Money Marketing, October 10) head-lined, IFAs attack Cofunds on laundering rules, which suggests that there is a “quirk” in the anti-money laundering system used by Cofunds.As the supplier of the anti-money-laundering system that Cofunds is using, Experian would like to clarify some of the points made in your article.First, […]

Insight Investments – Insight Investments UK High Yield

Tuesday, 22 October 2002 Type: Oeic Aim: Income by investing in high yield fixed and variable rate securities Minimum investment: Lump sum £2,000, monthly £100 Investment split: 100% in high yield fixed and variable rate securities Isa link: Yes Pep transfers: Yes Charges: Initial 5.25%, annual 1.15% Commission: Initial 3%, renewal 0.5% Tel: 0845 8506050

New network offers shares to members

Berkeley Berry Birch is setting up Alpha to Omega, a new network offering members equity holdings in the business.The network aims to recruit IFA practices with a turnover of at least £500,000 and aiming to grow their business although smaller practices with the right profile will be considered. It will operate alongside its existing Berkeley […]

Close Chip fishes for high-yield properties

Close Property Investment is seeking between £30m and £50m for Close high income properties (Chip), an offshore closed-ended fund that is also available within an Isa wrapper.The fund will invest in an actively managed portfolio of UK commercial properties and aims to produce an income yield of 7.75 per cent gross a year with some […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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