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Chase de Vere pulls funds out of CGU fund

IFA Chase de Vere is moving £20 million of business away from the CGU PPT monthly income fund following the fund&#39s decision to slash the income paid out to investors last month.

Chase de Vere independent adviser Ian Millward claims the fund failed to warn them about the cut from 7.8 to 6.3 per cent.

Millward says “Investors would be better off transferring their money into CGU merger partner Norwich Union&#39s higher income plus fund which pays 8.04 per cent.”


ASB delays disclosure scheme

The Accounting Standards Board will postpone implementing controversial plans aimed at forcing companies to disclose more about their pension schemes, according to the Financial Times. The board,which will release the final version of its proposals on Thursday, hopes the delay will reassure critics who argue the changes would provoke a negative reaction from investors. Firms […]

Insurance bonds better deal than National Savings

Guaranteed bonds issued by insurance companies currently offer better rates than National Savings “granny” bonds, according to a survey by Ilford based IFA Baronworth. The survey found that for pensioners with £10,000 to save, National Savings one-year bond returned 5.75 per cent while a one-year guaranteed income bond by insurer AIG returned 6.26 per cent. […]

iShares bring in new US-style fund

Rutter adds: “Effectively this is an index tracker and we have seen these prove very popular with both the experienced and the first-time investor. There are also low charges, daily dealing and the fact that the product is available as an Isa.”Examining the drawbacks that the product provides, French says: “As with any other tracker […]

Aberdeen Asset Managers – European Growth & Income Trust

Tuesday, 28th November 2000.Type: Split capital investment trust.Aim: Growth and income by investing in continental European equities, bonds and other high yielding stocks.Investment split: Income shares 28 per cent, zero dividend preference shares 20 per cent, capital shares 9.5 per cent, bank debt 42.5 per cent.Yield: Income shares 10.5 per cent per annum, zero dividend […]


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