Saturday 28 February 1998
TSB is offering an upfront discount of pounds 300 to investors who put the maximum allowable amount of pounds 6,000 into a TSB PEP before 3 April. The discount applies to amounts going in to its Tax Free Savings Plan PEP. A smaller discount, of pounds 120, will be given on savings going into TSB's High Income PEP.
Legal & General has launched a new PEP which aims to give 140 per cent of the growth of stock markets in Britain, Germany, France and Switzerland. The PEP will be available between 2 March and 9 April in order to allow investors to save up to pounds 18,000, using tax allowances for both 1997/8 and 1998/9. Growth is capped if the investment doubles its value within six years.
Northern Rock will launch an instant access, offshore account on Monday that pays up to 8 per cent a year, gross of tax. Investments of pounds 10,000 or more will earn 7.5 per cent gross a year. Only three withdrawals can be made in any one year without incurring a penalty.
Manor Park, the offshore investment specialist, is launching a range of funds that offer to protect investors' capital against market falls of up to 5 per cent. The funds offer a share in growth of the FT-SE 100 index in London, the Nikkei 225 in Japan, the Hang Seng in Hong Kong, the S&P 500 in the US or the DAX 30 in Germany. Lower levels of protection combine with higher shares of any growth in the respective markets.
Sun Life has combined with Royal Bank of Scotland to produce an innovative means of funding the needs of elderly relatives needing mobility aids. The product combines an endowment with Sun Life with a loan facility at 10.6 per cent interest. Interest is only repayable on the amount of the loan that is used to fund home aids. The facility can also be used for some kinds of medical treatment.
Aberdeen Investment Trusts is offering shares in its Convertible Income Trust, which aims to provide a high-dividend yield together with the potential for capital growth. As at 31 December, the dividend yield was 7.9 per cent gross. The offer, which can be arranged within a PEP, is open until 26 March.
Life & Style blogs
The Evil Within preview: a survival horror fan’s best worst nightmare
Porn film production likely to stop in Los Angeles after actor tests positive for HIV
Ice Bucket Challenge: ALS Association doesn't yet know what to do with all of the money raised
The 3D-printed key that can unlock anything
Anal sex study reveals climate of 'coercion'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- 1 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Oil tanker with $100 million cargo goes missing off Texas coast
- 3 George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
- 4 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
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