Scottish Widows deadline

Professional Adviser
clock

The third redemption date for Scottish Widows Group Limited loan notes, the result of the transfer i...

The third redemption date for Scottish Widows Group Limited loan notes, the result of the transfer in 1999 of Scottish Widows Fund to Lloyds TSB, is 31 March 2002. Loan note holders need to submit their redemption instructions by 1 March 2002 in order to redeem in March 2002. The interest rate payable on the loan notes over the current interest period is 3.98% per year. Scottish Widows has so far issued more than £530m to loan note holders who opted to redeem either all or part of their holding. A cheque for the face value of any loan notes redeemed in March will be posted on 27 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •