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Brewery boss to be Standard chairman

Standard Life has appointed Sir Brian Stewart as its new chairman to take over from John Trott who retires on June 30. Stewart is chairman of brewing giant Scottish & Newcastle. He has been a non-executive director of Standard since April 1993. Trott has been with the life office since joining as a non-executive director in January 1974.


&#39Isa failure spells end of pricey mailshots&#39

The failure of this year&#39s Isa season will force fund firms to scrap expensive mailshots in favour of simple, point-of-sale marketing aids, says Credit Suisse Asset Management. Writing in this week&#39s Money Marketing, managing director Ian Chimes says fund managers must take drastic action to change the way they market funds to IFAs and their […]

Income-seeking Isas dominate Cofunds top 20

Sales figures from IFA fund supermarket Cofunds show that income-seeking funds were by far the most popular choice in the recently closed Isa season. The number of incomeseeking funds in Cofunds&#39 top 20 best sellers has more than doubled this year and represents 16 funds from seven in the previous season. No smaller company, European […]

Credit Suisse dominates Cofunds&#39 Isa sales

Credit Suisse&#39s income fund was the top-seller on supermarket Cofunds this Isa season for the second year running. From January 1 to April 5 the fund outsold Liontrust&#39s first income fund, which came second, Legal & General&#39s fixed interest fund in third and Old Mutual&#39s corporate bond fund in fourth. Fidelity&#39s special situations fund, often […]

Tax to rise on life bonds

Higher-rate taxpayers will face a tax rise of 2 per cent on encashment of life investment products next year after changes to the taxation of life investment bonds in last week&#39s Budget. The underlying life fund will be taxed at 20 per cent rather than 22 per cent, leaving the higher-rate taxpayers facing tax bills […]


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