This section has been set up to bring to your attention
new investments that come on to the market that we feel
may be worth your attention or may be worth avoiding.
Our first of these is a new structured product offered
by Premier Asset Management.
Over the next few weeks you will doubtless be receiving
a mail shot from your respective broker on the above investment.
I have not been much of a fan of these in the past but
this one is actually structured quite well offering 8%
per annum growth even if there is no growth in the FTSE100
index based over a six-year period. It should also be
noted that the product pays 3% commission making it attractive
to most ‘advisers’ to sell.
Investors should be aware that if they are investing off
the back of a mail shot or information they may have read
about, they have a good opportunity to substantially increase
the returns by using a discount broker. It would also
pay them to shop around as the discounts available vary
dramatically. The table below show the discounts available
from 10 of the main discounters.
Premier FTSE100 Growth Plan
Cashback
Bonus
Savings on a
£5,000 Investment
Savings on a
£10,000 Investment
Chelsea Financial
Services
1%
£50
£100
Commshare
1%
£50
£100
Garrison Investments
1%
£50
£100
Chartwell Investment
Management
1.75%
£87.50
£175
Best Invest
2%
£100
£200
Hargreaves Lansdown
2%
£100
£200
Power Robins
2 - 2.25%
£100
£225
AISA
2%
£100
£200
Torquil Clark
2%
£100
£200
The
Discount Club
3%
£115*
£265*
*£35
handling fee deducted
Overall new investment is considerably down compared to
this time last year and many discounters have begun to
cut the level of discounts they give to make up for poor
levels of new business. It is therefore worthwhile shopping
around to find the best deal and not rely on the belief
that your current discounter is still giving the best
deal.
