Scottish Widows
Guaranteed Investment Bond
Type: Guaranteed equity bond
Aim: Growth linked to the performance of the FTSE 100 index?
Minimum-maximum investment: £2,000-£100,000
Term: Six years
Return: 75% of the growth in the index at the end of the term
Guarantee: Original capital returned in full regardless of the performance of the index
Closing date: January 8, 2007
Commission: Initial 3%
Tel: 0845 600 8910
Record lending is likely to be the major talking point of a year that has seen the emergence of a multitude of new lenders, the birth of retention strategies and worries from the FSA over quality of advice.The Council of Mortgage Lenders expects gross lending to hit £345bn, up from £288bn last year. Many attribute […]
Coventry Building Society
Offset 0.1% Flexx Base Rate Tracker
The Thinc Group is setting up an annuity service that will enable it to offer advisers a retirement plan and exit strategy.
Warning that regulator’s plan could see a new ‘magic circle’ forming.
By Kunal Desai, head of Indian Equities, Neptune India is officially the world’s fastest-growing major economy and remains firmly on track to become the third-largest economy by 2030, overtaking Japan and Germany. As an accelerating labour force combines with increasing labour productivity, is India getting too big to ignore? Click here for full article […]
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MPs have encouraged the government to seek innovation and the “great potential gains” of collective defined contribution pension schemes, a report published this morning by the work and pensions committee says. The committee says the schemes, which are already highly successful in Denmark and the Netherlands, offer advantages of a middle ground between defined benefit […]
FCA staff are warming to the regulator’s move from Canary Wharf to Stratford, according to its latest board minutes. Earlier this month, employees began moving to the regulator’s new east London site, with teams such as communications among the first to transition. Money Marketing previously reported on internal documents showing that staff at the FCA […]
The FCA is considering banning exit fees for switching platforms. In its platform market study, released this morning, the FCA says it may also issue further guidance on how advisers should charge for platform switches after finding that the process and the costs involved can often be lengthy, preventing clients from getting the best deal […]