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SLI guarantees growth on fund

Scottish Life International is guaranteeing a return of at least 10.2 per cent over five years and two months on its protected term deposit – series 1 fund.

SLI says the fund is lower risk than with-profits and offers the potential for further gains of up to 51 per cent dependent on the performance of the world&#39s major stockmarkets.

Its performance is linked to the FTSE 100, S&P 500 and Eurostoxx 50 indices to give exposure to the world&#39s biggest companies.

The fund is only available to new and existing investors in SLI&#39s secure investment portfolio and its protected investment management service.

Minimum investment is £5,000 and the fund is open for investment from May 13 until June 19.

Director of marketing development Neil Lovatt says: “With investment performance from stockmarkets still flat, with-profits bonds under review and cash offering poor returns, where can investors turn? Our new PTD provides an ideal and highly competitive investment solution. Not only do investors have the opportunity of bonuses, which are guaranteed even if markets remain level, they also know that they are bound to receive growth of at least 10.2 per cent, no matter what happens to stockmarkets.”


New products on horizon as Clinicare granted status

PMI insurer Clinicare has finally received authorisation from the FSA after fighting for two years to achieve independent subsidiary status from French parent company Assurances Mutuelles de France.The move means that the UK subsidiary will have much more freedom in the designing and pricing of products for the market instead of simply acting as an […]

Threadneedle move widens access to its property fund

Threadneedle Investments has moved its property fund offshore in a bid to make it available to a wider audience.Formerly the Sackville property unit trust, the fund is being relocated from the UK to Jersey.In its previous incarnation as an unauthorised exempt UK unit trust, only UK pensions and charities were able to invest in it. […]

ScotLife slashes terminal bonuses

Scottish Life has slashed terminal bonus rates only months after deciding not to pay additional reversionary payments from its demutualisation.The company says “the reduction continues the process of smoothing down payouts to reflect stockmarket falls over the past two years of so”.ScotLife provoked criticism when it did not pay out the promised additional reversionary bonus […]


Three main changes have been proposed. 1. Relief for gifts of Real Property Where an individual or company wishes to give land or buildings to charity, the Government proposes there will be an income or corporation tax relief for such donors. The relief will be available for gifts of freehold or leasehold property, which a […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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