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Skipton increases rate on fixed rate bond

Skipton Building Society is increasing the interest rate by 0.25 per cent on its new fixed rate bond issue, fixed at 5.75 per cent until September 2002. Minimum investment is £3,000, with a maximum of £10,000.

Skipton head of corporate communications Mark Smitheringale says: “This fixed rate bond is a straightforward account, which guarantees investors a fantastic return of 5.75per cent at a time when interest rates are at their lowest for may years. I expect this bond to be very popular.”


Inora Life gets dynamic again

Inora Life is introducing the second version of its dynamic income fund.Dynamic income 2 is an offshore insurance bond registered and managed in Dublin. Inora Life is hoping the fund will appeal to two types of investor; members of the British expatriate community and UK investors. Both types will be looking for a medium-risk investment […]

Equitable appoints actuary

Equitable Life is appointing Hymans Robertson senior partner Michael Arnold as actuary to oversee the compromise deal with garanteed annuity policyholders being drawn up to cap the troubled life office&#39s liabilities.Arnold was the actuary who last year approved the Axa orphan asset deal, that saw policyholders receive just £575m from £1.45bn of assets. He was […]

Global Asset Managment – GAM Star American Focus

Wednesday, 5 September 2001.Type: Ucits.Aim: Growth by investing in large and mid-cap US equities.Minimum investment: US$5,000, Euro 5,500, £3,500.Place of registration: Dublin.Investment split: 100 per cent large and mid-cap US equities.Isa link: No.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: None.Tel: 0800 919927.

Take the initiative

Money Marketing gives you the chance to see the stakeholder pension guide that will be sent out to 100,000 UK firms next week as part of our major initiative to help IFAs with stakeholder in the run-up to the October deadline. The guide is enclosed with every IFA edition of this week&#39s Money Marketing. It […]


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