View more on these topics

AITC drive to boost business

The Association of Investment Trust Companies is hoping its new code of practice will lure new investors to the sector.


The code is designed to improve the quality of information included in trusts&#39 reports and accounts.


The AITC is urging investment trusts to show their total annual costs and demonstrate how performance has been achieved in a user-friendly format. Its also recommending comparing performance to a benchmark, not to rival trusts.


AITC director general Daniel Godfrey says: “If we want to persuade more people to buy investment trusts we have to give them better information.”


Recommended

NatWest Life quits endowment market

Endowment mortgages have taken another bashing with NatWest Life pulling out of the controversial home-loan investment plans.Natwest is following Pearl Assurance, Halifax and HSBCs withdrawals from the endowment market.Just 5 per cent of new mortgages currently being sold by the bank are endowments. About half its 280,000 customers already hold endowment-linked loans.The reputation of endowments […]

Bond boom prediction

Customers afraid of risk are driving a boom in demand for bonds, according to Alliance & Leicester.It is launching a five year bond linked to FTSE 100 where initial investments will be returned after five years regardless of stockmarket fluctuations. The maximum value on maturity will be 140 per cent of the initial investment.A&L investment […]

Barclays latest to ditch endowments

Endowment mortgages are suffering a further blow with Barclays became the latest lender to pull the plug on selling the controversial policies.Barclays is saying it sold its last endowment on December 30 following a 70 per cent decline in applications over the previous six months.The move swells the ranks of providers who have axed endowments […]

Stakeholder blight fear

The pensions industry should brace itself for another scandal in the wake of the stakeholder launch, according to IFA Torquil Clark.Wolverhampton-based Clark claims many pension providers are advising investors they will not lose out if they decide to open a personal pension now and transfer it to a stakeholder scheme at its April 2001 launch.Investors […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com