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
News and expert analysis straight to your inbox
Sign up
Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]