View more on these topics

Royal Bank of Scotland – UK Step-Down Defensive Kickout Plan 1

Royal Bank of Scotland – UK Step-Down Defensive Kickout Plan 1

Type: Capital-protected bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment: £5,000-no maximum, Isa £11,280

Term: Six years

Return: 7% growth plus capital at the end of year one provided the index is at or above 100% of its initial value, 14% growth plus capital at the end of year two provided the index is at or above 97% of its initial value, 21% growth plus capital at the end of year three provided the index is at or above 94% of its initial value, 28% growth plus capital at the end of year four provided the index is at or above 91% of its initial value, 35% growth plus capital at the end of year five provided the index is at or above 88% of its initial value, 42% growth plus capital at the end of year six provided the index is at or above 85% of its initial value

Protection: Original capital returned in full at the end of the term provided the index does not fall by more than 50% without returning to at least 85% of its initial value

Closing date: June 29, 2012, June 15, 2012 for Isa transfers

Commission: Initial 3%

Tel: 0800 032 4902

Recommended

Out of context

“Yes a bit like fight club, but with more monologues about pension input periods.” Hargreaves Lansdown’s Laith Khalaf does his best to sex up pensions for an MM hack. “I’m more of a trance man.” Lowes Financial Management managing director Ian Lowes vainly tries to get out of dancing to Whitney Houston at the Headlinemoney […]

Regular-premium sales rise at Friends

Friends Life’s first-quarter life and pension regular-premium sales rose by 21 per cent although single-premium new business figures were hit by the firm’s decision to stop marketing its investment bond products during 2011. Total UK life and pension regular-premium sales rose from £122.5m to £147.8m. In the firm’s corporate division, regular-premium pension sales increased by […]

BSA says mortgage prisoners will be hit by strict affordability rules

The Building Societies Association says there will still be a significant amount of so-called “mortgage prisoners” despite transitional arrangements in the mortgage market review designed to avoid this. The FSA estimates around half of the 10.5 million people who took out mortgages between 2005 and 2011 could be prisoners because of high loan-to-value ratios, negative […]

BBA chief Knight to join Energy UK

Angela Knight, the outgoing chief executive of the British Bankers’ Association will take up the reigns at the trade body Energy UK when she steps down in July. The BBA announced Knight would be stepping down last month and she had been tipped to become chair of the Financial Conduct Authority. As head of the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment