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NU in talks with Revenue over money back annuity

Norwich Union is in talks with the Inland Revenue to get approval for a money back annuity that will pay out capital after death in the form of income. NU will guarantee the full original value of the annuity pot and will pay the outstanding balance to the annuitant&#39s estate on death as taxable income. It believes by paying the outstanding sum as income, the product does not fall foul of current Revenue rules and is expecting to get the go ahead to launch soon.


Mortgageforce offers cash subsidies for exam revision

National franchising operation Mortgageforce is offering £100,000 of cash subsidies to help 1,000 brokers fund their exam revision and sittings to increase the number of advisers meeting the MCCB&#39s qualification deadline. It is also extending its training support programme to brokers not in its franchise. It will pay £360 per non-member broker towards monthly tutor […]

Teather & Greenwood Investment Management – TGIM Ethical Fund

Friday, 14 June 2002 Type: Oeic Aim: Growth by investing in socially responsible UK equities Minimum investment: Lump sum £1,000, monthly £100 Investment split: 100% in socially responsible UK equities Isa link: Yes Pep transfers: Yes Charges: Initial 3%, annual 1.5% Special offer: No initial charge Offer period: Until July 8, 2002 Commission: Subject to […]

State Street Global Advisors – streetTRACKS Europe Energy ETF

Monday, June 17, 2002Type: Exchange traded fund Aim: Growth by tracking the MSCI Europe energy index Minimum investment: Subject to negotiation with stockbroker Maximum investment: No maximum Place of registration: UK Isa link: Yes Pep transfers: Yes Charges: Annual 0.5% Commission: None Contact:

Isle of plenty

Axa Isle of Man has teamed up with Liberty Ermitage to offer an offshore unit-linked bond that invests in a fund of hedge funds. The defensive bond invests in the Liberty Ermitage asset selection fund which is a global multi-manager portfolio of 22 hedge funds. The fund can be geared by up to 10 per […]


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