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Zurich offers its guaranteed capital account to advisers

Zurich is now offering advisers access to its Zurich guaranteed capital account 23.

The product, provided by Dunbar Bank, runs for five and a half years and includes 100 per cent capital guaranteed, tax-free interest on the ISA element and 100 per cent participation in the growth of the FTSE 100 index unless the Index has grown by 80 per cent or more.

Minimum investment is £2,500 and maximum investment is £1m, with a 3.25 per cent initial commission payable on all monies invested into this account.

Zurich’s Investment market manager Mark Peters says: “In the current economic climate, with interest rate at an all time low, concerns over financial security and the need for capital protection, remain a firm fixture for many consumers when looking to invest.

“The guaranteed account is an ideal investment for more cautious investors seeking exposure to the stock market, or those seeking the opportunity to benefit from market recovery, whilst still protecting their original capital investment. In addition to offering the benefit of capital protection, the potential returns are particularly attractive, given that the base rate is currently 0.5 per cent.”

Any applications received before May 5, 2009 will be eligible for an early bird bonus of 0.33 per cent. Applications must be received by June 5, 2009.


Group therapy

After filing my column last week, I got an email: “Dear Nic, you may have seen that Axa has scrapped indemnity commission on group pension plan products. I don’t know what you think, but in my view this marks the beginning of the end of the commission. That has to be a good thing, doesn’t it?”

Hargreaves reports small drop in Isa sales

Hargreaves Lansdown has reported a 4% drop in Isa contributions for the full tax-year ended April 5, 2009.The firm today reported new Isa sales of £412m for the full tax year, which compares with £430m for the tax year ended April 5, 2008. While the group has not published figures for Isa sales since the […]

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