Money Marketing
2 January 2002

  • Canada Life International extends fund range

    2 Jan 2002

    Canada Life International is adding seven external fund links to its range of offshore bonds.The seven, all from JP Morgan Fleming Asset Management, brings CLI total external links to over 80 from 11 fund managers.The funds include the JPMF premier equity growth , UK dynamic, European smaller companies, FF-Eastern European, FF-US strategic value, global fixed income and European Strategic value.

  • Combined equity - fixed return product from Northern Rock

    7 Jan 2002

    Northern Rock is launching a combined fixed rate bond and equity-linked tracker product.

  • CSAM's Shant joins Mellon Newton

    8 Jan 2002

    Credit Suisse Asset Management head of continental European equities Raj Shant has been poached to head up Mellon Newton’s European desk.Shant, who manages CSAM’s European fund, was only promoted to the head of continental European equities desk in October, but will now join Mellon Newton in March.In his new position, Shant will be responsible for leading and co-ordinating the European equities team at Mellon Newton.

  • Forsyth Partners - Forsyth Global Bond Fund

    8 Jan 2002

    Tuesday, 8 January 2002.Type: Fund of funds.Aim Growth by investing in corporate and high yield debt, sovereign debt, emerging market debt, other bonds.Minimum investment: $10,000.Place of registration: Dublin.Investment split: Corporate and high yield debt 45 per cent, sovereign debt 25 per cent, emerging market debt 25 per cent, other bonds 5 per cent.Isa link: No.Charges: Annual 1 per cent.Commission: Initial up to 5 per ...

  • Framlington rolls out best of British Isa

    2 Jan 2002

    Framlington is kicking off this years Isa season with the launch of its Best of British Isa.

  • Framlington selects best of British

    8 Jan 2002

    Framlington has designed the best of British Isa, which invests in the Framlington UK growth trust and UK smaller companies fund.

  • Genesis Home Loans - Genesis Ruby Fixed

    4 Jan 2002

    Friday January 4, 2002Fixed term: April 1, 2003.Fixed rate: 6.74 per cent.Minimum loan: £25,001.Maximum loan: Loans of up to 60 per cent of valuation subject to a maximum of £400,000, 61 - 85 per cent subject to a maximum of £250,000.Income multiples: 3.75 times principal income plus second or 3.25 times joint.Arrangement fee: £395.Redemption fee: 5 per cent of advance in year one, 4 per cent in year two, 3 ...

  • Genesis Home Loans - Genesis Sapphire Fixed

    4 Jan 2002

    Friday January 4, 2002Fixed term: April 1, 2003.Fixed rate: 7.24 per cent.Minimum loan: £25,001.Maximum loan: Loans of up to 60 per cent of valuation subject to a maximum of £400,000, 61 - 75 per cent subject to a maximum of £250,000.Income multiples: 3.75 times principal income plus second or 3.25 times joint.Arrangement fee: £395.Redemption fee: 5 per cent of advance in year one, 4 per cent in year two, 3 ...

  • Global Mortgage Service - Three Year Fixed Rate

    3 Jan 2002

    Thursday 3 January, 2002Type: Buy-to-let fixed rate mortgage.Fixed term: Until January 31, 2005.Fixed rate: 5.25 per cent.Minimum loan: £25,000.Maximum loan: £1m. Income multiples: Rental income must be 130 per cent of monthly mortgage payment.Arrangement fee: £195.Redemption fee: 3 per cent of advance in year one, 2 per cent of advance in year two, 1 per cent of advance in year three.Conditions: ...

  • Henderson Global Investors - Henderson Global Sustainable Investments Fund (SRI)

    3 Jan 2002

    Thursday, January 3, 2002. Type: Sicav. Aim: Growth by investing in global companies meeting sustainable development and corporate responsibility criteria. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in global companies meeting sustainable development and corporate responsibility criteria. Isa link: No. Charges: Initial A shares 5 per cent, annual 1.2 per cent. Commission: ...

  • Henderson Global Investors - Horizon American Equity Fund

    3 Jan 2002

    Thursday, January 3, 2002.Type: Sicav.Aim: Growth by investing in companies in North America excluding Mexico.Minimum investment: Lump sum $2,500.Place of registration: Luxemburg.Investment split: 100 per cent in companies in North America excluding Mexico.Isa link: No.Charges: Initial A shares 5 per cent, annual 1.2 per cent.Commission: Initial 3 per cent.Tel: 0800 881144.

  • Henderson Global Investors - Horizon Global Equity Fund

    3 Jan 2002

    Thursday, January 3, 2002. Type: Sicav. Aim: Growth by investing in global stocks. Minimum investment: Lump sum $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in global stocks. Isa link: No. Charges: Initial A shares 5 per cent, annual 1.2 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon Global Technology Leaders Fund (Large Cap)

    3 Jan 2002

    Thursday, January 3, 2002. Type: Sicav. Aim: Growth by investing in global technology related companies. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in global technology related companies. Isa link: No. Charges: Initial A shares 5 per cent, annual 1.2 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon Pan European Bond Fund

    4 Jan 2002

    Friday, January 4, 2002. Type: Sicav. Aim: Income by investing in bearer bonds issued in Europe. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in bearer bonds issued in Europe. Isa link: No. Charges: Initial A shares 5 per cent, annual 0.625 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon Pan European Equity Fund

    4 Jan 2002

    Friday, January 4, 2002. Type: Sicav. Aim: Growth by investing in European companies. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in European companies. Isa link: No. Charges: Initial A shares 5 per cent, annual 1.2 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon Pan European High Yield Bond Fund

    4 Jan 2002

    Friday, January 4, 2002. Type: Sicav. Aim: Income and growth by investing in high yield fixed interest European bonds. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in high yield fixed interest European bonds. Isa link: No. Charges: Initial A shares 5 per cent, annual 0.75 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon Pan European Technology Fund

    3 Jan 2002

    Thursday, January 3, 2002. Type: Sicav. Aim: Growth by investing in European technology companies. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in European technology companies. Isa link: No. Charges: Initial A shares 5 per cent, annual 1.2 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson Global Investors - Horizon US Dollar Reserve Fund

    4 Jan 2002

    Friday, January 4, 2002. Type: Sicav. Aim: Income by investing in short term marketable debt securities. Minimum investment: $2,500. Place of registration: Luxemburg. Investment split: 100 per cent in short term marketable debt securities. Isa link: No. Charges: Initial A shares 5 per cent, annual 0.5 per cent. Commission: Initial 3 per cent. Tel: 0800 881144.

  • Henderson leaps in to EuroTech

    7 Jan 2002

    Henderson Global Investors is revamping its offshore Horizon range with the addition of nine new funds, including the Horizon Pan European technology fund.

  • Invesco Perpetual kicks off Isa season roadshows

    3 Jan 2002

  • Investlife Luxemburg - Premier Income & Growth Bond II

    7 Jan 2002

    Monday 7 January, 2002Type: Capital guaranteed bond.Aim: Income and growth linked to the performance of eight Dow Jones Europe stoxx sectors.Minimum investment: Lump sum £10,000.Place of registration: Luxemburg.Investment split: 100 per cent linked to eight Dow Jones Europe Stoxx sectors. Guarantee: Capital returned in full at end of five year term providing the level of the worst performing sector is the same or higher ...

  • Investlife wheels out second premier bond

    4 Jan 2002

    Investlife Luxembourg, a sister company of Pinnacle Insurance, has unveiled the second edition of its premier income and growth bond.

  • Investors looking to the longer term, says Killik & Co

    7 Jan 2002

    Equity investors will look to the medium term and not be so concerned over day to day news in 2002, according to Killik & Co.

  • L&G launch protected fund

    7 Jan 2002

    Legal & General is launching a second tranche of its protected portfolio investment, available from January 14 until February 22, 2002. The Protected Portfolio offers growth potential from 30 stocks selected from the top 200 UK companies and gives capital security after its five and a half year term. The portfolio is available as an Isa, Pep transfer or share investment.

  • L&G produces step by step guide for homeowners

    3 Jan 2002

  • London & Colonial - Open Annuity

    2 Jan 2002

    Wednesday, January 2, 2002. Type: Investment-linked annuity. Minimum investment: £250,000. Minimum age: Depends on scheme. Income frequency: Annually, monthly or ad-hoc. Charges: Initial up to £999,999 2.5 per cent, £1m-£2,499,999 1.75 per cent, £2.5m and above 1.5 per cent, annual 1.5 per cent. Commission: Initial 1 per cent, renewal 0.5 per cent. Tel: 01444 415630.

  • Mellon - Mellon Asian Equity Portfolio

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Ucits. Aim: Growth by investing in equities and equity-related securities of companies in Asia excluding Japan. Minimum investment: Euro 5,000 or $5,000. Place of registration: Dublin. Investment split: Equities 66.7 per cent, equity-related securities 33.3 per cent. Isa link: No. Charges: A shares initial up to 5 per cent, annual 2 per cent. Commission: Initial 3 per cent, renewal ...

  • Mellon - Mellon Continental European Equity Portfolio

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Ucits. Aim: Growth by investing in equities, convertible bonds, convertible preference shares and warrants in Europe excluding UK. Minimum investment: Euro 5,000 or $5,000. Place of registration: Dublin. Investment split: Equities 66.7 per cent, convertible bonds, convertible preference shares and warrants 33.3 per cent. Isa link: No. Charges: Initial A shares up to 5 per cent, annual 2 per ...

  • Mellon - Mellon Global Bond Portfolio

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Ucits. Aim: Income and growth by investing in international sovereign, government, agency, corporate, bank and asset-backed and debt-related securities. Minimum investment: Euro 5,000 or $5,000. Place of registration: Dublin. Investment split: 100 per cent in international sovereign, government, agency, corporate, bank and asset-backed and debt-related securities. Isa link: No. Charges: ...

  • Mellon - Mellon Global Equity Portfolio

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Ucits. Aim: Growth by investing in equity securities of worldwide companies. Minimum investment: Lump sum Euro 5,000 or $5,000. Place of registration: Dublin. Investment split: 100 per cent in equity securities of worldwide companies. Isa link: No. Charges: Initial up to 5 per cent, annual 2 per cent. Commission: Initial 3 per cent, renewal 0.5 per cent. Tel: 0500 660000.

  • Mellon - Mellon Global Innovation Portfolio

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Ucits. Aim: Growth by investing in companies involved in technology, telecommunications, media and e-business worldwide. Minimum investment: Euro 5,000 or $5,000. Place of registration: Dublin. Investment split: 100 per cent in companies involved in technology, telecommunications, media and e-business worldwide. Isa link: No. Charges: Initial A shares up to 5 per cent, annual 2 per cent. Commission: ...

  • MFS clones US fund

    8 Jan 2002

    MFS has established the MFS US growth equity fund, an Oeic that invests in US companies with good growth prospects.

  • MFS International UK - The MFS US Growth Equity Fund

    2 Jan 2002

    Wednesday, January 2, 2002. Type: Oeic. Aim: Growth by investing in US equities and equity-related securities. Minimum investment: Lump sum £1,000, monthly £50. Investment split: 100 per cent in US equitiesand equity-related securities. Isa link: Yes. Pep transfers: Yes. Charges: Initial A shares 5 per cent, annual A shares 1.5 per cent, B shares 2 per cent. Special offer: Initial charge reduced ...

  • MFS looks to the continent

    3 Jan 2002

    MFS International has introduced the MFS continental European fund, an Oeic that invests in Europe excluding the UK.

  • MFS looks to the continent

    3 Jan 2002

    Close Property Investment has introduced the Sovereign Street Leeds fund, a unit trust that invests in a single commercial property.

  • MFS looks to the continent

    3 Jan 2002

    MFS International UK, a subsidiary of Boston-based fund management firm MFS Investment Management, has made its debut in the UK retail market.

  • MFS makes UK debut

    2 Jan 2002

    MFS International UK, a subsidiary of Boston-based fund management firm MFS Investment Management, has made its debut in the UK retail market.

  • Myners touted as next Lloyds of London chair

    8 Jan 2002

    Lloyds of London has confirmed it had talks with former Gartmore chairman Paul Myners as a possible candidate to succeed its current chairman Sax Riley following confirmation that Riley will leave at the end of the year.Myners left Gartmore last November after spending 16 years with the fund manager and is currently chairman of Lloyd's investment committee and non-executive director at mobile phone company MmO2.  

  • N&P to challenge ombudsman in court

    3 Jan 2002

  • New fixed rates from Yorkshire Building Society

    8 Jan 2002

    Yorkshire Building Society is launching new two year fixed rate mortgages at 4.59 per cent with an application fee of £295 or 4.99 per cent with no application fee and cashback of £500.

  • Norwich and Peterborough - Remortgage Scheme

    3 Jan 2002

    Thursday, 3 January 2002.Type: Flexible tracker mortgage.Tracker term: Term of loan.Tracker rate: Bank of England base rate plus 0.5 per cent.Minimum loan: £1,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum of £2m.Income multiples: 3.25 times principal income plus second or 2.6 times joint.Features: Overpayments, underpayments, payment holidays, interest calculated daily.Arrangement fee: None.Redempti

  • Only a third have a pension says A&L index

    7 Jan 2002

    Only one third of people have any type of pension according to the latest Alliance & Leicester Wealth Tracker Index.

  • Pension funds 10 per cent down

    8 Jan 2002

    Pension funds posted the worst results for more than a decade in 2001 with returns of —10 per cent, according to performance measurement company WM Company.A typical fund was down 9.6 per cent in 2001, following losses of 1.3 per cent in 2000.The consultancy says funds that switched to bonds, which returned around 3 per cent compared with —13 per cent for UK equities, will improve performance.

  • Pink Home Loans - Direct Exclusive 3 Year Stepped Discount

    7 Jan 2002

    Monday, January 7, 2002. Discounted term: Three years. Discount: 2.4 per cent in year one, 1.4 per cent in year two, 0.4 per cent in year three. Payable rate: 3.34 per cent in year one, 4.34 per cent in year two, 5.34 per cent in year three. Minimum loan: £25,001. Maximum loan: Loans of up to 80 per cent of valuation subject to a maximum of £300,000, 81-85 per cent subject to a maximum of £250,000, 86-90 per ...

  • Pink Home Loans - Exclusive Buy to Let 5 Year Fixed Rate

    4 Jan 2002

    Friday, 4 January 2002.Fixed term: Five years.Fixed rate: 5.99 per cent.Minimum loan: £15,001 purchases, £25,001 remortgages.Maximum loan: Up to 85 per cent of valuation subject to a maximum of £500,000, maximum of five properties. Income multiples: Rental income must be at least 125 per cent of monthly mortgage payment.Arrangement fee: £399.Redemption fee: 7 per cent of amount repaid for first two years, 6 ...

  • Pink Home Loans - Exclusive Self Cert 5.15 Per Cent Fixed for 2 Years

    4 Jan 2002

    Friday, 4 January 2002.Fixed term: Two years.Fixed rate: 5.15 per cent.Minimum loan: £25,001.Maximum loan: Up to 85 per cent of valuation subject to a maximum of £500,000.Income multiples: 3.5 times principal income plus second or 2.75 times joint.Arrangement fee: £299.Redemption fee: 5 per cent of amount repaid for first two years plus administration fee £100.Conditions: None.Introducer's ...

  • Pink offers stepped discount mortgage

    8 Jan 2002

    Packager Pink Home Loans is launching a three year tiered discount mortgage funded by Staffordshire Building Society. In the first year of the loan borrowers pay a rate of 3.34 per cent, which increases to 4.34 per cent in year two and 5.34 per cent in year three. After the discount period expires the loan reverts to the society's variable rate, which is currently 5.74 per cent. Brokers receive an introducer fee of 0.5 per cent.

  • Polarisation paper expected next week

    7 Jan 2002

    A decision on the future of the polarisation regime is expected next week with the FSA due to launch a consultation paper outlining options for the way forward.The regulator is expected to strongly indicate its preference for the regime in the consultation paper.The paper was originally due to be published in December, but was then delayed until the new year.

  • Prudential - Prudence Bond

    8 Jan 2002

    Tuesday 8 January, 2002Type: With-profits bond.Aim: Income or growth.Minimum investment: £6,000.Bonus rates: Optimum return fund 4.5 per cent, optimum bonus fund 5.75 per cent.Allocation rates: Initial charge option - £6,000 - £9,999 100 per cent, £10,000 - £19,999 102 per cent, £20,000 - £49,999 102.5 per cent, £50,000 - £74,999 103.5 per cent, £75,000 and above 103.75 per cent. ...

  • Rathbones opens Cambridge office

    8 Jan 2002

    Rathbones has opened a new office in Cambridge, as the first step in its expansion into the East Anglia region.The group has appointed a team of seven new employees to run the office, including a team of five investment managers from Gerrard — Paul Snow, John Barrett, Colin Campbell Golding, Simon Whitmore and Mark Winchester.Joel Limmer and Pauline Limmer will provide administrative support in the new office.

  • Royal Bank of Scotland International - FTSE Range Bond

    2 Jan 2002

    Wednesday, 2 January 2002.Type: Capital guaranteed bond.Aim: Growth by tracking the FTSE 100 index.Minimum investment: Lump sum £5,000.Place of registration: Isle of Man.Investment split: 100 per cent FTSE 100 index.Guarantee: Capital returned in full at end of two year term regardless of movement in index.Isa link: No.Charges: Implicit.Commission: None.Tel: 01534 285536.

  • Scarborough Building Society - Flexible Lifetime Discount

    3 Jan 2002

    Thursday, January 3, 2002. Type: Discounted rate flexible mortgage. Discounted term: Term of loan. Discount: 1.44 per cent. Payable rate: 4.55 per cent. Minimum loan: £15,000. Maximum loan: Up to 95 per cent of valuation subject to no maximum. Income multiples: Three times principal income plus second or 2.5 times joint. Features: Underpayments, overpayments, payment holidays. Arrangement fee: None. Redemption ...

  • Scarborough Building Society - Flexible Lifetime Discount Plus Refunded Valuation Fee

    3 Jan 2002

    Thursday, January 3, 2002. Type: Discounted rate flexible mortgage. Discounted term: Term of loan. Discount: 1.34 per cent. Payable rate: 4.65 per cent. Minimum loan: £15,000. Maximum loan: Up to 95 per cent of valuation subject to no maximum. Income multiples: Three times principal income plus second or 2.5 times joint. Features: Underpayments, overpayments, payment holidays. Arrangement fee: None. Redemption ...

  • Schroders - Income Isa

    2 Jan 2002

    Wednesday, January 2, 2002. Type: Investment trust based maxi Isa. Aim: Income and growth by investing in the Schroder split investment fund. Minimum investment: Lump sum £1,000. Maximum investment: £7,000. Catmarked: No. Investment split: 100 per cent in ordinary shares of the Schroder split investment fund. Types of share: Ordinary. Redemption date: November 30, 2007. Yield: 5.8 per cent. Charges: ...

  • Selestia urges caution in investment guide

    8 Jan 2002

    Multi fund manager platform Selestia is urging IFAs to adopt a more rigorous approach to investing their clients' money in a new guide published today.

  • Seven IM wraps up for winter

    4 Jan 2002

    Seven Investment Management, a subsidiary of stockbroker Killik & Co, has crossed the Atlantic to draw inspiration for its 7 IM wrap account. Wrap accounts bridge the gap between funds of funds and discretionary investment management services offered by private banks and are popular in the US. The 7 IM wrap account offers investors three investment options within an annual management charge of up to 2 per cent. The managed pooled option operates like a fund of funds by ...

  • Seven Investment Management - 7IM Wrap Account

    2 Jan 2002

    Wednesday, January 2, 2002. Aim: Income and growth by investing in managed pooled, managed segregated or advised strategy. Minimum investment: £150,000. Investment split: Client's choice of collective investments, shares, bonds and stocks. Income facility: Monthly, quarterly. Charges: Annual 1.25-2 per cent. Commission: Subject to negotiation. Tel: 020 7337 0652.

  • Skipton Building Society - Skipton Regular Savings Mini Cash Isa

    8 Jan 2002

    Tuesday, January 8, 2002. Type: Mini cash Isa. Minimum investment: Monthly £50. Maximum investment: £3,000. Catmarked: No. Interest rate: Up to 4.35 per cent for first two years. Charges: None. Withdrawal penalty: One free a year. Commission: None. Tel: 0800 446776.

  • Skipton launches US dollar tracking mortgage

    8 Jan 2002

  • The Exchange launches income drawdown assessment tool

    3 Jan 2002

  • The Mortgage Business launches remortgage product

    3 Jan 2002

    A new remortgage product is being launched today by self-certification, flexible and buy-to-let lender, The Mortgage Business.It is called a rapid remortgage product because the solicitors handling it use a life insurance product which can half the time taken between the mortgage offer and completion of the loan.It is available up to 85 per cent of loan to value for self-certification and 95 per cent loan to value for full status.

  • Threadneedle eyes up bonds

    2 Jan 2002

    THREADNEEDLESTRATEGIC BOND FUNDType: Oeic.Aim: Income and growth by investing in high yield and investment-grade corporate bonds.Minimum investment: Lump sum £2,000.Investment split: Investment grade corporate bonds 60 per cent, high yield corporate bonds 40 per cent.Yield: 7.5 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 3.75 per cent, annual 1.25 per cent.Commission: Initial 3 per cent, ...

  • Unicorn takes flight with Falcon

    8 Jan 2002

    Unicorn Asset Management - Falcon Investment TrustType: Investment trust. Aim: Growth by investing in UK smaller companies. Minimum investment: Subject to negotiation with stockbroker. Maximum investment: No maximum. Investment split: 100 per cent in UK smaller companies. Types of share: Ordinary. Isa link: Yes. Pep transfers: Yes. Redemption date: None. Charges: Initial subject to negotiation, annual 1 per ...

  • Ward quits Invesco Perpetual

    8 Jan 2002

    Invesco Perpetual UK chief executive officer Hugh Ward has quit the business after almost six years with the firm.Ward, who is leaving for personal reasons, will be replaced by Rob Hain, the chief executive officer of the Canadian arm of North American fund giant AIM. AIM, which is owned by Invesco Perpetual’s parent Amvescap, has had its Canadian arm run by Hain since 1998.

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