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Bank cuts base rate to 4.75%

The Bank of England cut its base rate on Tuesday from 5 per cent to 4.75 per cent, the lowest level since January 1963. It made the move in a bid to restore confidence after the fall of stockmarkets since the terrorist attacks in New York last week.

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Keeping up on drawdown

Regulatory changes could soon be in line for income drawdown which makes heavy demands on the expertise of IFAs, requiring knowledge of tax and investment strategy as well as retirement products.The FSA allows IFAs to advise on drawdown as long as they have FPC3. But other complex areas of advice such as pension transfers are […]

Michael Bolton

Michael Bolton is not a man known for his reluctance to express an opinion on anything from the future of securitisation to the comeback of the mini-skirt. Something of a character in a market beset with blandness, the “Big Bopper” (watch the man dance) has risen up the ranks with a refreshing lack of verbal […]

IFAs&#39 loyalty in vain as Euro star Powe quits

Star European manager Rory Powe is under fire from disappointed IFAs after quitting Invesco Perpetual with his top-selling £2bn fund at a two-year low.Many IFAs urged clients to stay loyal to Powe over the past 18 months – despite a period of poor performance by his European growth fund – in the hope that he […]

Take the medicine

With NHS waiting lists at over one million there is a lot of consumer interest in private medical insurance, particularly among the corporate sector.Although individual PMI sales are down by 5 per cent since 1997, corporate sales have increased by 1.2 per cent, according to analysts Laing & Buisson. The research shows that since 1990 […]

UK Equities: looking past short volatility

By Mark Martin, head of UK Equities, Neptune With markets facing numerous challenges this year, Neptune’s Mark Martin, manager of the UK Mid Cap Fund, and assistant manager Holly Cassell explain how they look past short-term volatility to focus on maintaining a strong long-term performance record. Read more here Important Information – for investment professionals only. […]

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