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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Sign up Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing Managers Index, […]
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BlackRock and Schroders are frontrunners to manage £109bn for Lloyds Banking Group’s Scottish Widows Investment Partnership funds, Bloomberg reports. The London-based bank is set to make its decision in the third quarter of this year, after it invited bids for its contract at the start of this year after ending the agreement it had with […]
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