A new Legal and General Portfolio bond will be available from 21 July, ideal for financial advisors to use when putting together an investment portfolio for their clients.
Three different charging options are available, a wide choice of funds as well there being no charge to swap between different funds. Legal and General have listened to the needs of financial advisors and come up with a portfolio bond that seems to deliver what they have asked for.
The different options provided by Legal and General also cater for different risk profiles along with the option to take regular withdrawals. All in all investors will find all their bases covered with this new bond offering.
Interest rates on nearly all the Nationwide Building Society International Sterling savings accounts are being reduced by between 0.25 and 0.3 percent.
The international arm of the Nationwide Building Society is not cutting interest rates on their Euro or Dollar savings accounts though, these will retain their existing rates. In addition they are actually increasing the rate of interest paid on their Lifetime Guarantee Account, going up by 0.2 percent. This gives it a first year rate of 6.4 percent.
Currency based accounts can be subject to fluctuations as the exchange rates vary following economic changes, hence the cuts announced here by the Nationwide Building Society.
A new capital account has been launched by Zurich Insurance, called the Green Guaranteed Account. It offers returns based on stock market investments into green businesses.
The RBS Green Index lists only those organisations operating in the environmentally friendly categories, such as biotechnology, solar power, wind and water power etc. Investors in the Zurich Insurance account will have their capital protected whilst being in line for 100 percent of growth enjoyed within the sector.
A spokesman from Zurich Insurance felt this Green Guaranteed Account was ideal for investors who wanted to support the environment whilst earning a return on their investment.
