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Scottish Mutual – Choice Income Bond

Type: Capital-protected bond

Aim: Income or growth linked to the performance of the FTSE 100

Minimum-maximum investment: £10,000-£250,000

Term: Five years:

Guarantee: Original capital returned in full provided index does not
fall by more than 40% and returns to its starting value

Return: 0.4% monthly income, 5% annual income or 26% growth at
end of term

Closing date: December 9, 2003

Commission: Initial 3%

Tel: 0845 600 1383


Fundsdirect secures further IT link-ups

Fundsdirect has struck deals with Synaptic and systems provider 1st Software to give direct access to the platform to more than 20,000 IFAs. Fundsdirect says the integration of its platform with 1st Software&#39s adviser office product – a client management system – will enable IFAs to link from their back office to its wrap service, […]

Painless extraction

Anybody who runs their own business should be aware that they are making an investment. Whenever a business owner makes a choice with regard to the use of funds in the business, an investment choice is being made. Much like any other investment, a business is a means of delivering an income – usually taken […]

Close Finsbury Asset Management – Close Finsbury UK Gilt Fund

Type: Offshore Oeic Aim: Growth and income by investing in UK gilts Minimum investment: Lump sum £1,000 Investment split: 100% UK gilts Place of registration: Dublin Charges: Initial 4.5%, annual 1% Commission: Initial up to 3%, renewal 0.5% Tel: 020 7426 4372

Interesting times

The rise in the Bank of England&#39s base rate earlier this month was as small as it could be but that did not stop the anticipation and subsequent analysis of the 0.25 per cent rise to 3.75 per cent probably filling more column inches than the previous 12 rate announcements combined. This small change is […]


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