View more on these topics

SLI fund gives risk options

Scottish Life International has set up an investment bond which it says offers investors the possibility of attractive returns for defined levels of risk.

The select income & growth bond 3, available through IFAs until October 18, gives the choice of income or growth with the two risk options of opportunity and cautious.

The opportunity option offers 10 per cent gross income each year for three years, or 2.4 per cent gross income per quarter, or up to 32 per cent gross growth at the end of the term.

The cautious option offers 8 per cent gross income each year for three years, or 1.9 per cent gross income per quarter, or up to 25.5 per cent gross growth at the end of the term.

Investors will still get these returns even if these indices fall by up to 30 per cent. They can also opt to split their investment equally between the two opt-ions. Returns are linked to FTSE 100, S&P 500 and Euro Stoxx 50 indices.

The cautious option has the additional safeguard of giving investors the full return of their initial investment even if one or more of the indices falls by more than 30 per cent, provided that all three indices recover to 85 per cent of their initial level by November 24, 2005.

Minimum investment is £10,000. Initial commission is 3.5 per cent.

Director of marketing development Neil Lovatt says: “With interest rates now at historic lows, many savers are looking for higher returns than savings accounts can offer but with more security than direct investment in the stockmarket, where performance has been volatile over the last three years. In response, we have designed our third in our series of select income and growth funds.”


New Star makes bond fund debut

New Star Investment Funds has unveiled its first bond fund, the New Star high yield bond fund.This Oeic aims to provide income of 7 per cent a year, plus some scope for capital growth. Income will be paid quarterly, but this can be reinvested for growth.The portfolio will contain between 50 and 100 holdings, which […]

National Counties Building Society – National Counties Fourth Issue Savings Bond

Thursday, 12 September 2002 Type: High interest account Minimum-maximum investment: £2,500-£25,000 Interest rates: Three year term &#45 4.55% gross a year, 4.3% gross a month, existing customer of two years or more 4.8% gross a year, 4.55% gross a month. Five year term &#45 4.75% gross a year, 4.5% gross a month, existing customer of […]

Standard Life deserves credit

Is it not about time that the rest of the market adopted the approach of Standard Life over market value adjusters?Sensibly, they have realised that there is not a mass of people trying to cash in their investments – those who do mostly have reasons other than falling markets for doing so – and have […]

Baring gifts

Baring Asset Management is holding a series of global investment seminars across the UK and Ireland.The seminars will feature presentations by some of the leading fund managers at BAM on the prospects for key global markets, including fixed income, emerging markets, the UK and Asia.The series will culminate with the flagship BAM global investment seminar […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm