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Nationwide launches new guaranteed equity bond

Nationwide has launched a five-year guaranteed equity bond, with a guarantee to return the original investmnet plus 10%.

The five-year bond guarantees to return the original investment plus 10% or up to 55% of any growth, whichever is greater, in the value of the FTSE 100, Nikkei 225 and DJ EuroSTOXX 50 indices.

Nationwide is also offering an early investor bonus for customers who invest in the new guaranteed equity bond.

The bonus offers up to 0.55% of any investment made between July 3 and August 26 2006.

Clive Parkinson, managing director of Nationwide Investments, says: Customers investing in the Guaranteed Equity Bond have the opportunity to take advantage of an early investor bonus, which will automatically increase the initial lump sum invested. In addition to this, they will continue to benefit from a minimum 10% growth over the five year term with the added potential of even greater returns of up to 55% of any growth in the value of the three worldwide indices.


Summit themes point to partnership

The second Mortgage Summit in Jerez was always going to throw up some interesting points. It didn’t disappoint and proved to be another successful event with a number of lively debates and varied viewpoints. A number of common threads came out of the sessions regarding issues that are likely to affect the industry in the […]

DCLG slams GMAC-RFC HIPs report as “absurd”

The Department for Communities and Local Government has slated the findings of an independent study commissioned by GMAC-RFC into the economic impact of Home Information Packs as absurd.The study, carried out by Oxford Economic Forecasting, looks at the economic impact of a 10% and 25% fall in housing transactions arising from the imposition of a […]

LMC to move premises

London Mortgage Company has revealed plans to move premises. LMC currently operates from premises owned by Matlock Bank in Marble Arch and Haddenham, Buckinghamshire. However, it is proposed that staff in the Marble Arch office will transfer to 6 Broadgate and staff in the Haddenham office will move to High Wycombe, Buckinghamshire. The proposed move […]

There’s no justification for a product that burdens the poor

From Simon Burgess I was interested to read Bill Armstrong’s letter in Mortgage Strategy (June 26),and pleased to see his words: “I would write such policies for 20% of the premium available.” Excellent – so why isn’t he? Instead, he and all brokers who sell SPASU take commissions well in excess of 50% leaving negligible […]


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