View more on these topics

Scottish Legal Life Takes The High Yielding Road

Scottish Legal Life has introduced the fourth tranche of its Guaranteed Investment Bond.



There has been a steady stream of guaranteed bonds throughout the year, but they are usually linked to a benchmark index such as the FTSE 100. This unit-linked bond invests in the stockmarket through the Britannic higher yield fund.



At the end of the bond&#39s five year term, investors will get their original investment back and 70 per cent of the underlying fund&#39s growth. The higher yield fund invests in a range of high-yielding securities including financial, industrial and consumer goods.



As a guaranteed product, the bond is likely to appeal to more cautious investors who are looking for growth rather than income and who are not keen on putting their capital at risk.



According to Standard & Poor&#39s the Britannic higher yield fund is ranked 49 out of 86 fund based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to October 9, 2000.

Recommended

Regeneration game

The pinstripe suits assembled in Bournemouth last week for a gathering only surpassed within the confines of the City of London. Yes, the Conservative Conference had hit town.Together with the blue- rinse brigade, they came out in droves to cheer on their beloved Tories as they attempted to convince the electorate they have learned their […]

High-net-worth clients targeted by Abbey service

Abbey National is setting up an IFA wealth manage-ment service for high-net-worth individuals by the end of the year.The project, codenamed Prosper, will offer independent advice on a range of investment products. Abbey is intending to use Prosper to provide advice and access to products managed by leading fund managers worldwide.The service is aimed at […]

&#39Simpler&#39 review test may not save IFAs cash

Aifa has warned IFAs that the FSA simplified review test may not save them money after all.It has scrutinised the full details of the new test and found it is heavily skewed in favour of the consumer.The association says many cases may fail the simplified test, forcing the IFA to have to pay out more […]

James Daley profiles a fast-rising contender in the retail market

With over 150 fund management companies in the UK, IFAs are spoilt for choice when it comes to selecting a fund. Many advisers go straight for the big names but a look beyond reveals a number of smaller houses which are producing promising returns and a more personal service.Premier Asset Management is one such house. […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment