Tuesday, 7 January 2003
Type: Guaranteed equity bond
Aim: Growth linked to the performance of the FTSE 100 index
Minimum-maximum investment: £500-£500,000
Term: Five years
Guarantee: Capital returned in full at end of term regardless of movement in index
Return: Up to 35% growth at end of term
Closing date: March 6, 2003
Commission: None
Tel: 0800 132304
Fidelity Investments has added a specialist global equity fund to its Fidelity Funds Sicav range.The Fidelity Funds global focus fund will invest in between 100 and 150 stocks. The MSCI World Index will be used as a guide when constructing the portfolio, but the fund will not be restricted by sector or geographic weightings.Fidelity's director […]
I am writing to clarify Munich Re's position in the critical-illness marketfollowing the recent article on Norwich Union's 40 per cent premiumincrease.In this article, reference was made to “the decisions by Swiss Re andMunich Re this year to stop reinsuring long-term guaranteedcritical-illness cover”.Munich Re would like to make it clear that we, in fact, withdrew […]
Fund-of-funds providers could face resistance from investors if theycontinue to hit them with costly and obscure charges in falling stockmarketconditions, IFAs claim.Research conducted for Money Marketing reveals that third-party fundmanager fees and attributable expenses continue to raise total expenseratios for many multi-managers to between 2.5 and 3 per cent a year.The worst offender is Artemis, […]
The Government is aiming to introduce an online retirement planner thatwill tell people about their current provision and what they should do toprovide for their old age.The Department for Work and Pensions is consulting with providers on thepension portal project unveiled in the Green Paper last month and will lookto build on the online pension […]
The Government has announced future reductions in the rate of corporation tax. Will this affect the ‘internal’ taxation of Authorised Investment Funds? Read more
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]