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Canada Life Annuity Growth Account – 8th June 2000

Type: Five-year annuity.

Minimum investment: £35,000.

Minimum age: 50.

Income frequency: Choice of monthly, quarterly, half-annually or annually.

Charges: None.

Options: At end of term choice of another five year annuity or lifetime annuity.

Commission: Initial 2 per cent, renewal 0.25 per cent.

Tel: 0345 226232.


Trackers lose the ascent

Tracker funds were never meant to be “all singing and all dancing” and were never seriously expected to outperform actively managed funds for long.A recent Money Marketing survey found that the top 10 Isa contracts, using projected growth rates and deducting management charges, were all tracker funds. This comes as no surprise really. Using projected […]

PI in the sky and small firms will bear the brunt

It looks like the little man is about to get the rough end of the stick on professional indemnity cover.Network DBS revealed last week that its PI premiums for the coming year have doubled and voiced its fears that the rest of the industry is again facing spiralling PI costs.About a third of IFAs renew […]

Fleming rethinks tech fund name to end IFA confusion

Fleming is to change the name of its technology fund for the second time in six months.The fund is presently called the applied science and technology trust after changing its name from the geared growth investment trust.But brokers and investors were confused by the new name, taking applied science to mean a focus in the […]

IFAs&#39 anger over rulebooks&#39 cost

The FSA has outraged IFAs by asking them to pay £250 for its new rulebooks.The charge for the books comes on top of annual fees of £845 per firm plus £340 for each adviser. There is also a joining fee of £1,750.The rulebooks will be available free on CD- Rom but many IFAs prefer reading […]

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


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