Axa is targeting the mutual funds market with a range of new funds and a £3m campaign to attract consumers and intermediaries. The first to be launched is the global high-income corporate bond fund on January 15. It will be available as an Isa, with a gross redemption yield of 8.9 per cent and primarily invested in the European corporate bond market. Initial charge is 3.5 per cent and annual management charge is 1.25 per cent.
Two-thirds of people in the UK have made no effort to save in the past two years, according to independent research commissioned by Allied Dunbar. The research shows Isas are the most popular savings product, with 40 per cent of savers having money in an Isa. Twenty-four per cent did not know what investment vehicle […]
ROYAL SKANDIA UK Equity Fund Type: Offshore unit-linked fund. Aim: Growth by investing in UK actively and passively managed funds. Minimum investment: £15,000 lump sum, £100 a month. Place of registration: Isle of Man. Investment split: 100 per cent UK. Yield: Nil. Charges: Annual one per cent. Commission: Subject to negotiation. Tel: 01624 611611. David […]
HSBC Asset Management's chief executive Paul Guidone has resigned and is to be replaced by Alain Dromer. Dromer is head of asset management and insurance businesses of HSBC's Credit Commercial de France. Guidone is to return to the US where he will join J&W Seligman in New York. HSBC investment banking and markets executive director […]
At a time for reflection on the last 12 months (and not forgetting next year's targets) what do we have to look forward to? Well, fortunately the world did not end with the arrival of 2000 while the mil lennium bug was obviously sidelined by last year's flu virus as it did not make an […]
New research has proven the positive impact that protection, health and wellbeing (PH&W) benefits have upon a business.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology