engage press releases
16th May 2006
Market leading participation rate triple benefit bond
Guaranteed Equity Bond 120% Issue 1 - Offer Period 18th April 2006 to 27th June 2006
| Issuer | Strike Date | Product | Term | Minimum Return | Participation Rate |
| engage Mutual Assurance | 27th June | Capital Guaranteed Equity Bond 120 | 5½ years | 100% | 120% |
| Bristol & West | 14th June | Guaranteed FTSE Bond 23 | 6 years | 100% | 110% |
| Britannia Building Society | 14th June | Guaranteed Capital Bond | 5 years | 100% | 110% |
| Information taken from www.structuredretailproducts.com | |||||
A new Guaranteed Equity Bond with a market leading participation rate is now available, provided by Abbey exclusively through engage Mutual Assurance.
The bond offers those with £1000 or more to invest over five and a half years 120% of any growth of the FTSE 100 with a guarantee to return at least your money in full at the end of the fixed term.
The limited edition bond is expected to attract wide interest thanks to a hat-trick of benefits:
- 120% of any growth of the FTSE 100 – growth is averaged out over the final 12 months of the investment
- A full total capital guarantee to return at least 100% of the original investment at maturity
- Tax free growth when taken as a Cash Mini ISA
Andrew Haigh, Chief Executive at engage, comments, “Investors want stock market-linked growth without risking their capital. The Guaranteed Equity Bond 120 offers investors a triple win, because there’s no risk to the original investment if the bond is held to maturity, if the index does grow, investors receive 120% of the growth and the investment can be held tax-free as a Mini Cash ISA.”
The bond strike date is 27th June.
For more information please call Abbey on 0800 783 0943 or download an information pack and application form at www.engagemutual.com
IMPORTANT NOTES, PLEASE READ:
If the index stays the same or falls, investors are guaranteed to get their capital back but the effect of inflation could mean that it’s worth less in real terms than it was when the money was originally invested. Investing in the Bond can be done tax-efficiently as a Cash ISA, but, depending on how the investment is made, there may be some tax to pay. It’s important to remember that if the Bond is cashed in early, investors may get back less than originally invested.
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
NOTES TO EDITORS
- Abbey is the provider of the bond, which is being promoted and distributed by engage Mutual Assurance, a trading name of engage Mutual Services Limited (EMSL), which is a subsidiary of Homeowners Friendly Society Limited (HFSL). EMSL is Registered in England, number 3088162. Registered at Hornbeam Park Avenue, Harrogate, HG2 8XE.
- Established in 1980, Homeowners Friendly Society Limited (HFSL) is Registered and Incorporated under the Friendly Societies Act 1992, Reg.No.964F. HFSL is authorised and regulated by the Financial Services Authority (FSA). Homeowners Friendly Society Limited's FSA Register number is 110072.You can check this on the FSA's Register by visiting the FSA's website www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.
Zoe Waller
PR Manager
engage Mutual Assurance
( 01423 855315
Mob : 07782 475 066
Fax : 01423 855181 (please call to notify)
zoe.waller@engagemutual.com
Hornbeam Park Avenue, Harrogate, HG2 8XE
www.engagemutual.com
SAVINGS - PROTECTION - INVESTMENTS
engage Mutual Assurance is a trading name of Homeowners Friendly Society Limited and its wholly owned subsidiary engage Mutual Funds Limited. Both are authorised and regulated by the Financial Services Authority.