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Chasm between investment performances

The difference between the best and worst-performing UK funds over the last three years is as much as 264 per cent, according to financial adviser Best Investment.

Best reports the worst performing UK fund is the Ballie Gifford Smaller Companies, which increased by just 15 per cent, in its recently published guide to stockmarket funds.

The best fund performance was by Duncan Lawrie Smaller Companies with a return of 279 per cent.

Best&#39s Jason Hollands says: “Investment companies love to boast about their success stories at this time of year in the hope of enticing would-be investors into their Isas, but many of these companies have a &#39dog in the backyard&#39 they are keen to keep quiet about.”


Lloyds TSB ditches endowments

Lloyd&#39s TSB is joining other high street lenders by ditching endowment mortgages.From Thursday its interest-only endowment mortgages will be pulled following the withdrawal from the market by Nationwide, Halifax, HSBC and Barclays.Lloyd&#39s TSB says its endowments are being axed after forecasts of continued low interest rates and a decline in sales of the controversial policies.Lloyd&#39s […]

CML predicts &#39bidding&#39 war

The Council of Mortgage Lenders is claiming next week&#39s mortgage regulation announcements will lead to a regulations “bidding” war.Economic secretary to the Treasury Melanie Johnson is set to announce the government will only regulate home loan advice, with the loans themselves to be covered by a voluntary standard.The CML is concerned rivalries between the Treasury […]

ScotMut jumps to endowment defence

WORDS 120Scottish Mutual hopes to defend endowment mortgages with a.&#39support package&#39 offered to IFAs.The Glasgow-based life office hopes the package will bring facts and figures to hand that “cut through some of the mass hysteria provoked by the press” on the controversial endowment policies.The move goes against the grain set by Pearl Assurance and Barclays […]

Life offices in stakeholder price war

Life offices have launched into a bloody stakeholder pension price war which has seen annual management charges plummeting below the Government&#39s 1 per cent cap.Legal & General and Friends Provident have kicked off with aggressively priced “stakeholder friendly” group schemes with annual management charges as low as 0.65 per cent.While Scottish Mutual&#39s Universal group plan, […]


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