Re: Possible "safe" investment


"Jim" <default@xxxxxxxxxxx> wrote in message
news:d8rjb21sucn49sg9tlm17espa17qn0io66@xxxxxxxxxx
This claims to pay 7.5%/year if left for 5 years, based on A rated
insurance contracts and short term paper, cash deposits, etc.
(no stock market dependency)

It's the Secure Income Plan 3 from KeyData, see:
http://www.keydata.co.uk/sip3/
The only risk is supposed to be defaults in the contracts.
It sounds ideal for my ISAs and SIP

Here's my questions:
1. Does anybody know anything about KeyData. Are they in good standing
with a good track record. I felt a bit better after seeing my local
building society offering one of their products.
2. Are there any similar schemes/offers around from other providers as
I don't want to put too much money in one place

I'm looking at doing it via Cavendish who will kick back most of the
commision. http://www.cavendishonline.co.uk/COL/Home.htm

TIA for any wise words.

Jim

Keydata is OK but if your product does not have a guaranteed return of
capital after the period then it's what's known as a precipice bond and a
lot of people have lost a lot of money when these bonds matured after the
stockmarket crash a few years ago. If you're happy with that possibility,
then fine. But think about it.

Rob Graham


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