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ABI launches initiative to inform IFAs about euro

The Association of British Insurers has launched an initiative to answer IFA queries about the single currency.

It has put together a factsheet entitled “Frequently asked questions for insurance intermediaries”.

The factsheet is being sent to intermediaries via the IFA Association and other organisations. Bulk copies are available from the ABI at a price of £4.00 per 100 copies.


Martin Currie Smaller Companies Investment Trust restructures

The shareholders of Martin Currie Smaller Companies Investment Trust are proposing to reconstruct the company. If approved, shareholders will have the choice of rolling over their investment into a new split-capital trust called the Martin Currie Enhanced Income Trust or they can take cash.

Building Societies trailing banks on instant access rates

Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.


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