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Charcoal warns homeowners on IHT

IFA Charcol is warning that many homeowners particularly in London and the South east could still be hit by inheritance tax, despite the Chancellor Gordon Brown raising the threshold to £250,000 from £242,000 in yesterdays budget.

The IFA says that while the Chancellor suggested only 4 per cent of households would be affected by IHT under the new threshold, the reality is likely to be much higher in the South east due to the booming property market.

Senior technical manager Ray Boulger says: “Although this rise in the IHT threshold is marginally above the rise that would have been expected purely on the retail price index alone, this still falls far short when taking into account the extent of recent house price increases.”


Franklin joins Christows

Fund manager Christows has recruited David Franklin from rival Quilter & Co to head its retail funds and raise the firm&#39s profile in the intermediary market.Franklin will take over managing the range of sub-funds in its Oeic. He will also be responsible for developing Christows&#39 retail products and multi-manager portfolio services.Christows is keen to boost […]

Nationwide – Guaranteed Equity Bond

Tuesday, April 16, 2002Type: Guaranteed equity bond Aim: Growth linked to the FTSE 100, S&P 500, Nikkei 225and Eurostoxx 50 indicesMinimum-maximum investment: £5,000-no maximumTerm: Six yearsGuarantee: Capital returned in full regardless of performance ofindices.Return: Up to 90% growth in the FTSE 100, S&P 500,Nikkei 225 and Eurostoxx 50 indicesClosing date: May 18, 2002Commission: NoneTel: 0800 […]

New exodus on way as Equitable cuts again

IFAs believe Equitable Life&#39s decision to slash terminal bonuses by 4 per cent will lead to a renewed exodus of policyholders despite the imposition of an increased market value adjuster of 14 per cent.They question Equitable&#39s rationale for the new restrictions, as a letter sent to policyholders claims the company&#39s position has improved. It says […]

Growth forecast set between 2 and 2.5 per cent

Chancellor of the Exchequer Gordon Brown confirmed this year&#39s growth target will be 2 to 2.5 per cent. For 2003 the target will be 3-3.5 per cent and 2.5 to 3.0 per cent in 2004.He also said he believes the underlying state of the public finances remains strong adding that Britain has the lowest debt […]


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