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Skipton Building Society – 2 Year Step Up Bond

Wednesday, 28th February 2001.

Type: High interest account.

Minimum-maximum investment: £3,000-£1m.

Interest rates: 5.5 per cent until April 22, 2002, 6 per cent until April 22, 2003.

Term: Until April 22, 2003.

Offer period: Until April 22, 2001.

Withdrawal penalties: 20 per cent of initial investment can be withdrawn without penalty. Minimum withdrawal £500.

Tel: 0800 446776.



IHT&#39s a year-round thing

Scottish Equitable is urging IFAs to view inheritance tax planning as a year-round consideration, not just one kept until the the end of the tax year. It believes the Budget on March 7 is unlikely to bring significant IHT reforms but believes a second Labour term may prompt changes to the system. It is offering […]

Pension industry is split on with-profits

The pension industry is split over with-profits under stakeholder, with Clerical Medical steering clear while Norwich Union is making with-profits its stakeholder default. The news follows fears raised by the Faculty and Institute of Actuaries last week over ring-fenced with-profits funds under stakeholder, where the costs of investment smoothing and guarantees will need to be […]

Flying flag for stakeholder

This will be a Budget containing bribes. The general election is round the corner and Labour will not be certain to be re-elected. Sorting out the hype from the true benefits will be a job for IFAs. Prudent management will be the watchword with some give-aways at the edges. There will be usual tax rises […]

Aberdeen Asset Management – Aberdeen European Champions Fund

Wednesday, 28th February 2001.Type: Unit trust.Aim: Growth by investing in large cap European companies.Minimum investment: Lump sum £500. Savings scheme monthly £50.Investment split: 100 per cent in large cap European companies.Isa link: Yes.Pep transfers: Yes.Charges: Initial 4.25 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent for Isas.Tel: 0800 592487. 


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