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Select income from Scottish Life

Scottish Life International&#39s select income and growth bonus bond is a stockmarket-linked offshore bond that can be tailored towards individual attitudes to risk.

The bond has a term of three years and two months and is linked to three indices – the FTSE 100, S&P 500 and Eurostoxx 50. Two options are offered – opportunity or cautious.

Opportunity offers annual income of 11 per cent, quarterly income of 2.65 per cent or growth of 35 per cent at the end of the term. Cautious provides annual income of 8.65 per cent, quarterly income of 2.1 per cent or growth of 27.5 per cent at the end of the term.

Both options return the original capital providing none of the indices falls by more than 30 per cent between April 3, 2002 and April 29, 2005. Even if this condition is not met, opportunity investors get their original capital providing all the indices recover to at least their starting level between May 2 and May 30, 2005.

For investors in the cautious option the indices need to recover to 85 per cent of the starting level between May 5 and May 30, 2005.

Where the safety nets are breached, capital return for growth investors under both options is reduced by 1 to 2.166 per cent for each 1 per cent fall in the index. Capital is reduced by 1 to 2.1 per cent for each 1 per cent fall in the index for annual income investors. Capital for quarterly income investors is reduced by 1 to 2.06 per cent for every 1 per cent fall in the index.


Euro vision

The exceptional measures taken to stimulate world economic activity and boost business and consumer confidence following September 11 are beginning to have the desired effect.Not only are there increasingly clear signs that the downward momentum in global growth has faded, but there is also growing evidence of improvement. Within the pan-European region, the UK stands […]

Verso/Mortgage Next BTL discount – 1.75%

Verso/Mortgage Next discount buy-to-let Type: Buy to let discountRate: 1.75% Discounted term: 1 March 2003Underlying rate: Bank of England base rate plus 1.98%Maximum loans: Up to 85 per cent of valuation subject to a maximum of £500,000Commission: 1% minimum £500Rental income: 125 per cent mortgage repayment at 6.5 per cent, interest only.Features: Valuation and MIG […]

Wake up to change

The history of the last 10 years has been one of continuous change for IFAs – and CP121 presages even more.Before rushing in headlong to take this on, now would be a good time for IFAs to pause and reflect on the nature of change and how best to survive it.We have managed a number […]

Pru will help IFAs adapt to survive

Prudential&#39s analysis of the outcomes of CP121 are decidedly different from those expressed by others in headlinegrabbing soundbites. We have a passionate belief that the independent sector will survive, albeit in an evolved form.Our position is clear. Prudential believes that the IFA community wants to remain substantially independent. The ambition we have is to work […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


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