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BWD Rensburg launches UK unit trust

BWD Rensburg Unit Trust Managers are launching a unit trust specialising in middle sized UK companies.

The BWD UK Mid-Cap Growth Unit Trust will invest in stocks of companies listed on the FTSE 250 index. These typically have market capitalisations of around £200m to £3bn.

The investment selection process will concentrate on long term investment themes of healthcare and information technology.

The trust has a 4.5 per cnet initial charge and a 1.5 per cent annual management charge.

IFA commission is payable at 3 per cent initial and 0.5 per cent renewal.


Prudential Portfolio Managers get Japanese trading licence

Prudential Portfolio Managers Japan has been awarded a discretionary fund management licence to operate in the Japanese market The company will commence trading in the Japanese market from its base in Tokyo which it opened last year.The Tokyo office&#39s team of eleven staff will have worldwide responsibility for the management of all PPM&#39s Japanese equities.PPM […]

Watson Wyatt cautiosly welcomes flexiblity on AVCs

Watson Wyatt welcomes the Inland Revenue&#39s decision to allow flexible payment of additional voluntary contributions, but says it is concerned about the method chosen to implement the changes.The Revenue has decided that if AVC benefits are to be taken before those of the main scheme, it must be paid in the form of income drawdown.Watson […]

Scottish Life announces half yearly results

Scottish life has recorded a35 per cent jump in new premiums for the first six months of the year.This represents an increase in equivalent annual premiums of nearly £20m on the same period of last year. New EAPs for the half year now stand at £75m up from £55.5m in 1998.Total annual and single premiums […]

Chelsea Building Society cuts mortgage rate

Chelsea Building Society is cutting its mortgage base rate by 0.15 per cent to 6.69 per cent from 6.9 per cent.The rate change will apply for both new and existing borrowers from August 1.The society is currently reviewing the rest of its mortgage range, with an announcement on any changes expected before August.It is also […]


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