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Zurich Financial Services – Guaranteed Account 3

Zurich Financial Services

Guaranteed Account 3

Type: Guaranteed equity bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment:£2,500-£1m, Isa £3,600

Term: Three years

Return: 15% growth at the end of the term provided the index has risen above its initial value

Guarantee: Original capital returned in full at the end of the term regardless of the performance of the index

Closing date: September 21, 2009, August 21, 2009 for Isa transfers

Commission: Initial 1.5%

Tel: 01793 504 414


Ripple effect

Last week’s publication of the retail distribution review was not directly relevant to mortgages. However, there will likely be some sort of read across to the sector in due course. Implementation of the RDR is not scheduled until 2012 and it has been years in the making. It is therefore highly improbable that any similar changes to mortgage regulation will take place for at least three years, especially seeing as the implications of the forthcoming European Commission mortgage directive will need to be considered.


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