View more on these topics

Skipton relaunch for equity-property bond

Skipton Building Society is relaunching its guaranteed triple asset bond issue 2 that gives a return which is linked both to UK equity and residential property indices.

The investment is in two linked bonds, with a third of the investment going into a one-year fixed-rate bond returning 8 per cent gross until July 9, 2005 when the bond matures.

The other two-thirds goes into a five-year index linked bond which offers 75 per cent of the average positive growth of the FTSE 100 and the Halifax house price index over the five-year term. If there is no growth over the term, the capital is repaid in full.

Minimum investment is £3,000 and maximum £1m. The product is distributed through Skipton branches and Skipton Financial Services.


L&G data reveals most claims from people under 40

Legal & General has released its critical-illness cover claims&#39 data for 2002 in a move welcomed by intermediaries who want to see more openness from providers. The statistics show that in 2002 L&G paid out £39.7m in critical-illness claims, with the average payment £65,500. There were 664 claims, with 370 cancer-related and 73 heart attack. […]

Lord Abbett carves niche

LORD ABBETT CF LORD ABBETT UK GROWTH & INCOME FUND Type: Oeic Aim: Growth and income by investing in larger UK companies Minimum investment: Lump sum £1,000, monthly £50 Investment split: 23.57% financials, 11.92% energy 11.63% consumer staples, 11.57% healthcare, 11.56% telecommunication services, 10.09% consumer discretionary, 8.98% utilities, 4.2% materials, 1.85% information technology, 4.63% cash […]

Criticism focus is on WP rather than cash destroyers

With-profits policies have come in for much greater scrutiny and criticism than other types of product that have wiped out investors&#39 savings, according to Liverpool Victoria&#39s head of distribution Rye Mills. Mills said that products such as split-capital investment trusts and structured products have not had the same scrutiny despite the fact that many investors […]

Independent view

I am not sure if this will blow any vestiges of credibility that I might have about claiming to be young any more, but I sometimes listen to Radio 4. On a Saturday morning from 9am-10am, there is a slot called Home Truths presented by the still-dead-cool John Peel. It is an hour&#39s worth of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment