Personal Finance: Investment Notebook - Pru hatches its plans

You may very well be aware that the Prudential laid an Egg this week, announcing a new direct, interactive service with great fanfare, which it claims will be tailored to each individual customer.

The Egg will hatch tomorrow, when the service opens for business, offering market-leading interest rates on deposits and borrowings and a competitive no-fees mortgage. All three services will be directly available seven days a week, 24 hours a day by telephone, post and on the Internet. More services and products will be added in the future.

Quotations and account applications will be available via the Egg website. The Pru is taking this very seriously, spending around pounds 75m on the venture.

The Association of Unit Trusts and Investment Funds (AUTIF) is the trade body representing the UK unit trust and investment funds (mutual funds) industry. AUTIF was originally formed in 1959 and has just launched its website.

Probably the most useful section of the AUTIF site is its interactive search option which, combined with the About Unit Trusts section, is designed to help you choose the investment funds to meet your needs.

The search option asks you to specify the size of investment you wish to make, where you wish the investment to be made and whether you are seeking to PEP the investment or not.

It will provide you with a shortlist of companies matching the criteria you input. AUTIF suggest that you then make sure you call the companies and ask for further information or, alternatively, you may prefer to consult an independent financial adviser. The site also has the contents of all the fact sheets AUTIF has produced in the past, explanatory notes about how unit trusts work and an archive of press releases.

If you want to get right back to financial basics, check out the Office of Fair Trading (OFT) website. Within it, the OFT has launched a personal finance microsite to help you through the pitfalls of financial planning.

The site provides easy-to-follow information about bank accounts, mortgages, investments, insurance and pensions. It also gives pointers on how to plan your own finances and offers links to other useful websites, including information sources.

If you aren't yet wired up to the web, a printed version is available, free of charge, from OFT, PO Box 366, Hayes UB3 1XB. Tel 0870 60 60 321.

Egg: www.egg.com

AUTIF:

www.investmentfunds.org.

uk

OFT: www.oft.gov.uk/html/finance/index.htm

Robin can be reached at RobinAmlot@aol.com

Independent Partners; Do you need financial advice on your investments, pension or insurance? Book a free consultation with an independent Financial Adviser at VouchedFor.co.uk

Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    SThree: Experienced Recruitment Consultant

    £20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...

    SThree: Trainee Recruitment Consultant

    £20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...

    Recruitment Genius: Collections Agent

    £14000 - £16000 per annum: Recruitment Genius: This company was established in...

    SThree: Trainee Recruitment Consultant

    £20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...

    Day In a Page

    Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

    How Isis profits from destruction of antiquities

    Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
    Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

    'If we lose touch we’ll end up with two decades of the Tories'

    In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
    Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

    The Arab Spring reversed

    Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
    King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

    Academic claims King Arthur was real - and reveals where he lived

    Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
    Who is Oliver Bonas and how has he captured middle-class hearts?

    Who is Oliver Bonas?

    It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
    Earth has 'lost more than half its trees' since humans first started cutting them down

    Axe-wielding Man fells half the world’s trees – leaving us just 422 each

    However, the number of trees may be eight times higher than previously thought
    60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

    60 years of Scalextric

    Model cars are now stuffed with as much tech as real ones
    Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

    Why are we addicted to theme parks?

    Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
    Tourism in Iran: The country will soon be opening up again after years of isolation

    Iran is opening up again to tourists

    After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
    10 best PS4 games

    10 best PS4 games

    Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
    Transfer window: Ten things we learnt

    Ten things we learnt from the transfer window

    Record-breaking spending shows FFP restraint no longer applies
    Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

    ‘Can we really just turn away?’

    Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
    Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

    Nine of Syria and Iraq's 10 world heritage sites are in danger...

    ... and not just because of Isis vandalism
    Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

    Girl on a Plane

    An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
    Why Frederick Forsyth's spying days could spell disaster for today's journalists

    Why Frederick Forsyth's spying days could spell disaster for today's journalists

    The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent