Zurich Insurance has expanded the number of funds it offers to investors, aiming to give more options to better suit customer requirements.
Eighteen new Sterling Bonds have been introduced as well as 22 Sterling Mutual Funds. The combination of options now allows investors to choose from a much wider variety of asset families. Zurich Insurance customers will be able to structure a portfolio that best meets their needs and risk profile, meaning less compromise.
A Zurich Insurance spokesman said that these new multi-manager funds will be most appealing to investors looking for a diverse portfolio and seeking to rate their options on the underlying approach to risk.
Lloyds TSB will be striving to reunite around GBP69 million with its owners, spread over 120,000 savings accounts that are laying dormant.
The bank will be working on accounts with more than GBP100 in them and will be using a specialist search company to locate the account holders and reacquaint them with their funds. The average amount per person will be in the region of GBP575 so it is a very worthwhile exercise and one that the recipients of the money are sure to appreciate said a Lloyds TSB spokesman.
These accounts appear to have been forgotten by their owners, hence the use of the search company. Lloyds TSB would not mind account holders getting in touch with them directly though, so if you think you have a dormant Lloyds TSB savings account get in touch with them and see if there is a windfall waiting for you.
The Abbey National has just issued a new range of investment bonds, catering for children, the over fiftys and those seeking a safe, fixed rate home for their money.
The Abbey National childrens savings bond is valid for those under 18 and offers a guaranteed 5.3 percent interest rate gross per annum, with an investment period of four years. Meanwhile, at the other end of the age scale, the over 50s will pay interest either annually or monthly to best suit investor circumstances, at a rate of 5.3 percent annual or 5.18 percent monthly.
Finally, the fixed rate bond from the Abbey National is available as a one, two or three year product. Assuming an investment amount of less than GBP50,000 the gross returns are 5.7, 5.2 and 5.1 percent respectively. For the one year bond an investment of GBP50,000 or more would provide a 6 percent return.
