Money Marketing
4 June 1997
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GE Life axes DSF in IFA-only move
6 Jun 1997
GE Life is closing down its direct salesforce, which sells equity-release income plans, to distribute solely through IFAs. It says it has made this move as planning for income retirement is a complex area where people need advice to get the best from their assets and its salesforce of 30 only accounts for 10 per cent of its distribution. The life office is also closing its head office in Dorking following its integration with National Mutual in April to move to Hitchin, Hertfordshire. There ...
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Julian Gibbs
10 Jun 1997
Carl Stick, manager of the Rathbone special situations fund, has a remarkable record. His is the only trust which has been in the top five over one, two, three and five years in a sector which now consists of 280 trusts. Over the past three years, for example, he has achieved a return of 38.7 per cent against a loss of 15.5 per cent for the average trust. Over five years, this trust has gained 155.9 per cent compared with an average loss of 12.1 per cent. Most tracker funds ...
