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OFT rules against direct marketeers

The Office of Fair Trading has taken action against misleading &#39money-making&#39 mailshots which were advertising a &#39get-rich-quick&#39 scheme. Devon-based couple Pauline and Robert Chambers were told they would have to refrain from publishing advertisements that were part of a promotion for a scheme called Your Private Gold-Mine. The scheme was designed to use direct mail to invite people to join the Private Gold-Mine Organisation. The Chambers claimed they represented one of the “world&#39s most rewarding financial associations” and that they were making people millionaires every day. The couple also provided testimonials from individuals who claimed to have profited from the scheme.


Franklin Templeton Investments – Franklin Corporate Bond Fund

Type: Oeic Minimum investment: Lump sum £1,000, monthly £30 Investment split: Up to 85% investment-grade bonds, up to 15% high-yield bonds Isa link: Yes Pep transfers: Yes Charges: Initial 3%, annual 0.95% Commission: Initial 2%, renewal 0.25% Tel: 0800 305306

Summers time and the p/e ratios are high

When the Independent Financial Anxiety report was published by Durlacher, I marvelled at some of the price/earnings ratio figures which applied to the new rapid-growth IFA practices. For those of you not given the chance to read what gave me more laughs than the Beano, the p/e ratios ranged from 40 to 400. Four hundred […]

Yorkshire Guernsey – Equity Linked Bond

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £10,000-£500,000 Term: Five years Guarantee: Original capital returned in full regardless of performance in index Return: 100% growth at end of term Closing date: September 23, 2003 Commission: None Tel: 0044148 1710 150

Two thirds of consumers like long term fixes – L & C

Nearly two thirds of borrowers (63 per cent) say they like the idea of long term fixed rates, according to a financial survey carried out by London & Country. Borrowers who were not keen on the idea of long term fixed rates (37 per cent) said this was down to the level of interest rate […]


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