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Canada Life unit trusts upgraded

Three of Canada Life&#39s unit trusts have been upgraded to &#39A&#39 rating by Standard & Poor&#39s.

The three trusts are the Balanced Unit Trust, Japanese Growth Unit Trust and High Income Unit Trust.

Canada Life UK client fund manager Gavin Watson says: “Our fund management team is delighted with these ratings. It is especially gratifying that 20 per cent of all funds achieve a S&P rating, so we are extremely proud of our achievement.”


JP Morgan Fleming puts investment trusts on pension map

JP Morgan Fleming Asset Management has unveiled an individual personal pension that focuses on investment trusts. The investment trust personal pension account is designed to provide investors who do not want a stakeholder pension with an equally simple pension arrangement. Investors can choose from a cash fund and three investment trusts&#45 managed growth, claverhouse and […]

Ruth Kelly takes over financial services role

The DSS has been replaced by the Department of Work and Pensions as part of a shake-up of the Government by Tony Blair following his second landslide victory. As tipped by Money Marketing, Ruth Kelly has been appointed Treasury economic secretary, the position responsible for financial services. Former incumbent Melanie Johnson has been moved to […]

Scot Prov members say yes to Abbey

Scottish Provident members voted yes to plans to demutualise and transfer business to Abbey National at yesterday&#39s extraordinary general meeting.Subject to independent verification of the votes cast by members at the EGM Scottish Provident says it is already clear from the proxy votes received that in excess of 97 per cent of votes cast were […]

Former Bank of England official and Guardian journalist replaces Johnson

A former Bank of England official and Guardian journalist Ruth Kelly has been appointed as Treasury economic secretary replacing Melanie Johnson.Kelly is one of several up and coming women promoted to junior ministerial positions. Kelly was formerly a parliamentary private secretary to Nick Brown when he was Agriculture Secretary. She is responsible for the financial […]


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