View more on these topics

ScotMut adds new bond issue

Scottish Mutual has launched a new issue of its Triple Bonus Bond.

The single-premium with-profits endowment, which provides guaranteed and non-guaranteed bonuses, is designed to increase the original lump-sum investment over 10 years.

The offer period is March 2-May 8 with a guaranteed bonus of 65 per cent at the end of 10 years.

ScotMut is also offering a bonus of 1 per cent for investments before March 27. From March 27-April 17, the bonus is 0.7 per cent.

Bonuses will also be paid for investments of £15,000 and more.

Deposits between £15,000 and £24,999 get a 0.2 per cent bonus, from £25,000 to £49,999 the bonus is 0.4 per cent and above £50,000 it is 0.6 per cent.

The first tranche of the bond, which was released last year, is paying a 3 per cent additional annual bonus at maturity.

Commission is 7 per cent.


IFAA sends out guide to beating 2000 bug

The IFA Association is mailing all its 2,500 members a guide to beating the millennium computer bug as the regulators investigate the problem. The Midland Bank Beat the Millennium Bug provides a step-by-step guide on how firms can tackle the prob lem of computer systems being unable to recognise the change of date from 199to […]

Johnson Fry goes global with a safety strategy

Johnson Fry is the latest provider to introduce a global unit trust to the UK investment market. It is designed to provide exposure to international markets and to reap the potentially high returns. The global growth unit trust is aimed at investors who want to diversify their equity portfolios. The trust aims to benefit from […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment