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Scot Life launches second tranch of income bonus bond

Scottish Life is introducing a second series of its Income Bonus Bond off the back of the first issue earlier this year which attracted more than £35m of investment.

The five and a half year bond offers two options.

It has a growth option that guarantees a return of capital plus growth of up to 150 per cent of the average growth of the FTSE100 and SMI indices.

There is also an income option providing income of 9 per cent of the net investment per annum throughout the term of the bond.

To achieve the 9 per cent return the average growth of the two indices must be 5.85 per cent. Any growth in excess of their investment will result in an additional capital bonus.

Should growth fall below the required rate investors will receive maturity value plus any income taken equal to their net investment.

The bond is available from November 30 to January 26 next year.

Minimum investment limit is £7,500 and a maximum of £250,000. Commission is 3 per cent.


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The Mortgage Operation has launched a mortgage fixed at 5.49 per cent until 2002 to allow consumers to capitalise on the predicted fall in interest rates.The Cutting Edge Fix Mortgage, funded by West Bromwich Building Society, allows borrowers to enjoy a very competitive fixed-rate before reverting to the predicted reduced standard rate when the fixed […]

National Mortgage Network launches new fixed rate mortgage

The National Mortgage Network is launching a fixed rate mortgage offering borrowers re-mortgaging of their property in a fee-free package that includes £400 cashback.The Freedom Mortgage fixed at 6.75 per cent until November 1 2003 is funded by Bristol and West.The product is designed to allow borrowers to go ahead with re-mortgaging when they may […]

Stock Market launches share awareness week

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Pru could be forced to change Egg name

Prudential could be forced to rename its Egg account because its status as an instant access account is under question only two weeks after its launch.The OFT and Advertising Standards Authority are investigating product literature sent to Egg customers.The consumer watchdogs are looking at a clause in the savings accounts which allows the bank to […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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