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NS&I rethink on bond ad

Following the article in Money Marketing last week about the National Savings and Investments (NS&I) guaranteed equity bond, we have decided to change future ads.

The ad stated that the bonds will “genuinely outperform any growth in the FTSE 100 index”. At NS&I, while not regulated by the FSA, we follow the FSA handbook rules and we believe the ad falls within the FSA guidance as the averaging period is six months. However, we are aware that the ad could be misinterpreted so in the interests of openness and transparency, we have decided to change the ad by removing this statement.

Tim Mack

Head of marketing and communications

National Savings & Investments,


Union protests as Pru plans Belfast closures in India move

Trade union Amicus is campaigning against Prudential’s decision to close three offices in Belfast, including its admin office, and move jobs to India. The union claims that Pru’s decision, which it believes could lead to the loss of around 500 jobs in Belfast, is an act of corporate irresponsibility. Union members paraded a “Prunocchio” puppet […]

Dawnay Day Quantum

Last week, Money Marketing reported that investors in Dawnay Day Quantum’s protected Japan multiplier would get back 140 per cent of their investment after six years. The report should have read “Investors will get back 140 per cent of the rise in the Japanese market after six years.”

Straight from the Hip

Aifa and AMI chairman John Gummer declared that housing inform-ation packs were a “load of old rubbish” at the AMI annual dinner last week. If Gummer (pictured left) was referring to home information packs, then the assem-bled masses in the audience were in raptures at the comments although although nobody could say what the mysterious […]

Schroders shuns UK equity income

Schroders’ multi-manager team has omitted UK equity income exposure from any of its funds because it believes the sector constrains managers to a narrow part of the market.

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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