View more on these topics

AIB Govett waives initial charge in sales bid

AIB Govett is waiving the one per cent initial charge on its investment trust saving scheme.


The offer is available to all new investments made before December 31. The half per cent Stamp Duty payable on share transactions will remain in place.


The scheme offers trusts such as Asian Recovery and Enhanced Income, which require a minimum £25 monthly investment.

Recommended

Northern Rock to close 29 branches

Northern Rock is closing 29 of its 105 branches by the end of the year.The building society says 250 jobs will be lost from branches with declining business volumes, but expects to create jobs through the extension of internet and telephone banking.

Britannic in pension venture

Britannic Assurance is setting up a brand to sell retirement products.The life office is recruiting for the venture, which will be based in Redhill, Surrey. The products will be marketed under a new name and logo and are expected to be backed by a marketing campaignThe move comes despite a multi-million pound marketing campaign aimed […]

Building societies bite back against carpetbaggers

Building societies will be given more teeth to fight off carpetbaggers under new regulations to be launched next month.The legislation will make it easier for mutuals to fight conversion to banks. In future, the number of members required to call a special general meeting will rise to 500 from 100. Candidates for the board will […]

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment