Gilts: still a good bet
Article Abstract:
British gilts still represent good investment despite a slight fall in their gross redemption yield following the Danish vote against the Maastricht treaty. The UK government securities, with a yield of 9.3%, are faring better than German government bonds with a yield of 8.02 and French bonds with a yield of 9%. A heavy flow of new gilt issues is expected given the recession-induced increase in the public sector borrowing requirement. It is also expected that gilts will do well among institutional investors, particularly those from overseas who are attracted to the UK's political stability. Those interested in dealing in gilts are advised to take note of several points. One is that the end of the Stock Exchange account period means that all transactions are for cash. Additionally, gilt buyers make it a point to understand their obligations under the accrued income arrangement.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
A secondhand purchasing policy
Article Abstract:
Less than half of people who hold endowment policies are able to sustain them until maturity. Those unable to keep up these with-profits policies discover belatedly that surrender values are not very attractive. Fortunately, there are alternatives to surrendering endowment policies, of which the most attractive would be to sell them. This can be done in two ways. One way would be to sell the policy to specialist companies that trade with-profits policies. These companies typically sell the policies they acquire to small pension funds and to investors who are planning for school fees or retirement. The other way would be to seek the assistance of a company that specializes in auctioning secondhand endowment policies. One such company is H E Foster & Cranfield which sells secondhand policies at prices that are typically 25% to 30% over their surrender values.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Rapid disclosure is now a necessity
Article Abstract:
New legislation in the UK is needed to reform shareholder disclosure requirements. Under current conditions, 80 percent of the shares in quoted companies are held in nominee accounts; the beneficial owner of the shares does not have to be disclosed unless requested by the company. This provision provides an easy loophole for individuals who want to avoid the requirement that all individuals who own more than 5 percent of a company make a public disclosure. The provision allows individuals to act in concert in the case of a corporate takeover. The disclosable level of shareholdings in a company should be reduced from 5 percent to 2 percent.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: If it's too good to be true, don't touch it! Packing a seasonal Christmas punch. Dangerous liaisons
- Abstracts: Are 'alternatives' still a good investment bet? Getting a correct view on oil prices. The US dollar - Due for correction?
- Abstracts: Telemarketing tutelage. Money and politics
- Abstracts: It's not really 'over-the-counter'. Do you know what Europe can offer? Go public: never mind the red tape
- Abstracts: Out to meet the market. Home economics. Making your office cost effective