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
Britain's kitchens so filthy that they present a health risk, says new research
Surgeon backs 'good death' plans - and reveals his own
NHS hit by stealth cuts of £2bn as tariffs received for medical procedures are reduced
How to survive a social-media mauling, by the tough women of Twitter
Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
- 2 Why this father didn’t hide his daughter’s heroin overdose in her obituary
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 The most powerful passports in the world
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