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Scottish Mutual – Income and Growth Plan 2

Monday, March 4, 2002

Type: Capital protected Isa

Aim: Income or growth by investing in Quaich Investments 2

Minimum-maximum investment: £7,000-£500,000

Investment choice: Dublin based company

Term: Five years two months

Guarantee: Capital returned in full at end of term provided the Dow
Jones Eurostoxx 50 does not fall by more than 20%

Return: Choice of 8.05% gross income a year, 1.92% gross income
quarterly or 42% growth at end of term

Catmarked: No

Yield: 8.05%

Closing date: April 26, 2002

Charges: Implicit

Commission: Initial 3%

Tel: 0845 6001383

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Teather & Greenwood – Childcare Corporation 5

Thursday, March 7, 2002Type: Enterprise investment schemeAim: Growth by investing in children’s nurseriesMinimum investment: Lump sum £2,000Opening/closing date: March 1, 2002/April 5, 2002 for 2001/2002 taxyear, May 31, 2002 for 2002/2003 tax yearCharges: Initial 6.5%, annual up to 3.75%Commission: Initial 2.5%Tel: 020 7426 3204

Launder rules cleaned up

The UK offshore crown dependencies are strengthening their anti-money laundering rules in a bid to protect their financial centres from criminals, terrorists and corrupt governments.Guernsey, Jersey and the Isle of Man want banks and other institutions to carry out “proper” due diligence on clients even if they have been referred to them by another company.Institutions […]

Berkeley Alexander – Freesafe

Wednesday, March 6, 2002Type: Accident, sickness and unemployment insuranceMaximum benefit: £1,500 or 65% of monthly salary, whichever islowerBenefit payment term: Choice of 12 or 24 monthsDeferred period: Choice of 30 or 60 daysPremium: £3 per £100 for unemployment cover, £4.75 per£100 for accident, sickness and unemployment coverCommission: Initial 25%, renewal 25%Tel: 01273 477784

First National restructures business

First National Bank is restructuring its business, integrating its motor and retail units that will be brought together as one intermediary-facing operation.First National Motor Finance managing director Keith Horlock will head this unit under the title of Group New Business Director.First National managing director Philip George says: “The new business structure has been carefully planned […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]

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