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Article: Welcome for National Savings' equity bond.(National Savings & Investments)(Brief Article)
- Article from:
- Financial Advisor
- Article date:
- March 25, 2004
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Copyright informationCOPYRIGHT 2004 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IFA Mark Osland has given a qualified welcome to the guaranteed equity bond from National Savings & Investments.
Mr Osland, director of Bath-based IFA Fidelius, said: "The lack of upside limit is good, as is the 10 per cent enhancement of any rise in the FTSE."
However, Mr Osland said: "It is only for those investors prepared to accept a five-year fixed term. But it does have a slight advantage over its competitive products, as many of those are for longer terms."
The guaranteed equity bond offers a gross return equivalent to 110 per cent of any growth in the FTSE100 over the five years to 19 May 2009, with no upper limit. There is a 100 per ...