View more on these topics

Rock fixed-rate bonds offering up to 5.35%

Northern Rock has introduced three fixed-rate bonds investing over different periods and a combined fixed-rate bond and equity tracker product called Fifty:Fifty Issue 9.

Its one-year fixed-rate bond offers gross interest of 4.75 per cent until July 1, 2003. It is also offering bonds paying 5.2 per cent until July 1, 2004 and 5.35 per cent until July 1, 2005.

Minimum opening balance is £500. Additional deposits can be made during the offer period up to a maximum of £2m. Northern Rock says all three bonds are limited issues which will be withdrawn without notice once fully subscribed.

The Fifty:Fifty product has a minimum opening balance of £5,000 which is split between a one-year fixed-rate bond paying gross interest of 10 per cent and a five-year equity tracker offering a return of 75 per cent of the growth in the FTSE 100 index. If the index does not rise, investors receive their capital back at the end of the investment period.

Sales and marketing director Andy Kuipers says: “We have increased our fixed rates and launched another innovative Fifty:Fifty product offering a high fixed-interest rate element and a low-risk stockmarket growth potential element.”


A greater understanding

I hold the very pompous title of senior economist at the IPPR. This title has been a standing joke at the institute for some time because there have in fact been no other economists working here.As the senior (and only) economist, it could be assumed that I would fit the FSA textbook model of a […]

&#39Keep money-back annuities simple&#39

The Annuity Bureau is urging the Government to keep money-back annuity products as simple as possible and says they could provide the answer to many of the criticisms of annuities.It says money-back annuities already exist in the form of purchased life annuities.These are voluntary annuities bought with an individual&#39s own funds to supplement income and […]

£47m for New Star opps fund in one month

New Star has taken £47m in its Select Opportunities fund, run by Patrick Evershed, since its launch on May 20.The inflow of cash may have been helped by the Inland Revenue last month allowing investors in Evershed&#39s previous fund, Rathbone special situations, to switch without charge to the New Star fund.The Revenue&#39s decision went some […]

Lawyers to end banks&#39 fudging

Banks will find it increasingly difficult to fudge the nature of the advice offered by their representatives as FSA legislation on senior management responsibility will see company lawyers operate strict controls on disclosure.Companies will be forced to make clear the kind of advice offered in order to mitigate against senior management being brought to task […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm