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1、Investment1.stakeholderpensionStakeholderpensionwereintendedtoencouragemorelong-termsavingforretirement,particularlyamongthoseonlowtomoderateearnings.Individualsmaytakeoutstakeholderpensionindividuallyorthoughtheiremployer.Therearesomeminimumstandardsabo
2、utstakeholderpension.lManagementchargesshouldlessthan1.5%perannumforthefirsttenyears.lThechargeshouldreducetomaximumof1%perannumaftertenyears.lAminimumpaymentof£20Grosspermonth.lThefacilitytostopandrestartcontributionswithoutpenaltieslItmustbepenaltyfree
3、ifanytransfersou2.Bond1)Bondisadebtsecurity.2)Ifthecustomersbuythebonds,theissuermustpaytheinteresttotheholders,theinterestarecalledcoupon.Usuallythisrateisfixedthroughoutthelifeofthebond.Thecouponispaidregular,usuallytwiceayear.3)Andintheendofbondlife,t
4、heissuerneedstopaythebondfacevaluetotheholders.3.IndexlinkbondIndexlinkbondinterestpaymentandcapitalrepaymentrelatedtothemarketindex.TheindexusuallyareCPI(consumerpriceindex),amainlyelementtocalculatetheinflationrate.Sothebiggestfeatureofthiskindofbondis
5、againstinflation.1.BondpricelDirtyprice:Infinance,thedirtypriceisthepriceofabondincludinganyinterestthathasaccruedsinceissueofthemostrecentcouponpayment.Dirtyprice=quotedprice+accruedinterest(成交价+应付利息)lCleanprice:thepriceofabondexcludingtheaccruedinteres
6、t.2.SharesRightsissues(附加股)Arightsissueisanissueofrightstobuyadditionalsecuritiesinacompanymadetothecompany'sexistingsecurityholders.Ifanexistingshareholderholdsonthecompanyshares,theshareholderhastherightsthatusingalowpricetobuythecompanynewissuingshare
7、s.Therightscanbeexercisedornot,moreover,theycanalsoselltheyrightstootherinvestors.However,becauseoftherightsissue,thesharepricewilldecrease.3.ShareslOrdinaryshareholdersIftheinvestorsbuyacompanyordinaryshares,theyarethecompany’sordinaryshareholders,andth
8、eywillgetfollowingrights.Firstly,theshareholderscanattendthecompany’smeeting,todeterminecompanypolicyandhavetherightstovote.Forexample,theycanvoicetheiropinionwhenamergeroracquisitionorpropose,orchangethefirm’sdirectors.Se
