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Britannia Asset Management increases new business

Britannia Asset Management has posted a 36 per cent increase in pre-tax profits in 1998.

The fund manager, the fastest growing part of the Britannia Group of companies, saw pre-tax profits increase to £10m from £7.4m on the previous year.

BAM also increased its funds under management by £1,763m to £7,661m from £5,898m for the previous year, an increase of nearly 30 per cent.

Pension fund sales showed a dramatic increase of 125 per cent increase to £1,075m from £478m in 1997.

BAM&#39s managed pension fund received new business of over £620m, making it one of the largest pooled pension funds in the UK in terms of fund size.

Unit trust and Peps sales also grew by 38 per cent to £175m from £126.8m the previous year. This increased BAM&#39s overall market share for unit trusts and Peps by 0.9 per cent on 1997.


Foreign & Colonial Emerging Markets Investment Trust starts to recover

Foreign & Colonial Emerging Markets Investment Trust has recovered much of its value over the last six months after suffering badly from the Asian crisis.Half year net asset value to March rose 28.3 per cent to £118.58m from £92.42 the figure at the previous year end of September 30, 1998.But the NAV was down by […]

Private Label discounts for three years

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Pegasus launches new critical illness plan

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Building Societies Association calls for rule change

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Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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