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Royal Skandia targets corporate market

Royal Skandia is revamping its capital redemption bonds to win more business from the corporate and trustee markets.

The collective redemptive bond has access to a range of internal multi-manager funds as well as other collective investment funds. Using the collective bond Royal Skandia hopes to beef up its presence in the UK.

The executive redemption bond aimed at the offshore market invests in listed shares and fixed interest investments as well as collective investments.

Both bonds have a 99 year term and the guaranteed value at maturity has been increased to double the sum invested.


Legal & General launches two year flexi fix mortgage

Legal & General has launched a two year fixed rate mortgage with flexible features allowing overpayments, reborrowing and payment holidays without redemption charges. With interest fixed at 6.39 per cent until February 28, 2003, the mortgage also offers borrowers a choice of a cashback of £200 or a free legal service for remortgages. Redemption charges […]

November Isa sales down

The Association of Unit Trusts and Investment Funds blames disappointing markets and seasonal sluggishness for lower investment fund sales this November. Isa sales of £669m this November, although lower for both the previous month and November 1999 – £700m and £744m respectively – are higher than Pep sales for November 1998 of £659m. AUTIF public […]

Best advice?

Further to the recent correspondence regarding polarisation and multi-ties, the problem lies in the stakeholder decision trees. If a person needs further help because they already have a pension arrangement and want to review their position or because their circumstances do not seem to fit the tree or because they wish to obtain advice which […]

Scottish Equitable targets EPP market

Scottish Equitable is targeting company directors in the run up to stakeholder with the relaunch of its Executive Pension Plan, offering single-charge, pre-stakeholder terms for the first time. Terms range from a pre-stakeholder shape with an annual charge ranging from 0.75 per cent to 1.5 per cent per annum, with commission reflecting expenses and amount […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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