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AITC offers discounts until end of tax year

The AITC has announced discounts on 124 of its member investment trusts until the end of the tax year.

The deals, which will see discounts on over a third of the trade body&#39s member funds varying in detail from trust to trust.

Many fund managers such as Aberdeen, Baillie Gifford and First State are dropping their initial charges until April 5, while others such as Fidelity International are losing the upfront charges when investments are made through an Isa wrapper.

AITC communications director Annabel Brodie-Smith says: “For those looking to take advantage of their Isa allowance before April 5, there are tempting Isa offers on well over a third of the AITC&#39s membership across a wide range of sectors and risk profiles.”


Chelsea BS steps into line with rate cut

Chelsea Building Society has announced it is reducing its Standard variable rate 0.10 per cent to 5.59 per cent from 5.69 per cent. The move comes in response to the surprise decision by the Bank of England&#39s Monetary Policy Committee to cut its Base Rate to 3.75 per cent from 4 per cent earlier in […]

HBOS bolsters Clerical with £500m injection

Clerical Medical has had a cash injection of £500m from parent HBOS to improve its financial strength and investment flexibility after investment losses sustained last year.The company has declared a free-asset ratio before allocation of the new capital of 7.1 per cent excluding future profits compared with a FAR of 11.5 per cent at the […]

Scottish Life International creates second bonus bond

Scottish Life International has established the second issue of its protected bonus bond. The bond is linked to three stockmarket indices &#45 the FTSE 100, S&P 500 and Eurostoxx 50. Investors&#39 original capital is returned, along with minimum growth of 18 per cent, whatever happens to those indices during the term of six years and […]

ScotEq maps out house hotspots facing IHT trap

High property prices have created hot spots in the UK where homebuyers face inheritance tax liability, says Scottish Equitable.Property owners in Greater London are most likely to have inheritance tax liability as the average house price is £232,830. IHT is levied on estates over £250,000.Others hotspots include Bath, where the average property price is £34,000 […]


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