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CIS supporting open outcry stocks competition to raise hospital cash

CIS is co-sponsoring the Reuters Stock Market Charity Challenge, which will be held in Manchester in November to raise money for the city&#39s Christie Hospital.

Teams of five will compete in the two-hour competition to pick the best stocks and shares on an “open outcry” stockmarket, although no trading experience is necessary to take part in the contest.

In addition to the competition there will also be a raffle and auction.

Numbers are limited to 25 teams of five and tickets cost £500 per team including a welcome drink, buffet dinner and wine.

This is the fourth year that the event has been held in Manchester and the organisers hope to raise up to £10,000 for the Christie Hospital, which is a world-renowned centre of excellence in cancer research and the development of new treatments.

CIS chief investment manager Chris Hirst says: “This is the third year that we have supported the Reuters Stock Market Charity Challenge and it is truly an exciting event, which not only offers participants a thrilling trading experience but also helps support Christie Hospital, which provides vital services to many people every year.”


Multi-manager options from ScotWidows Intl

Scottish Widows International is linking with the Frank Russell Company to offer four multi-manager funds through its private portfolio bond and international investment bond.The move follows Scottish Widows&#39 link with Russell for onshore business last year.The funds are offered in four risk profiles – cautious, balanced, progressive and opportunities – to suit different requirements.The Frank […]

FSA director quits after five months

FSA director insurance firms David Gittings is quitting his job after only five months to join the board of Wellington Underwriting. The FSA stresses there was no acrimony or dispute over policy despite the short notice period – Gittings is set to leave the regulator and take up his new job next Monday on September […]

IFAs take more term sales at expense of bancassurers

IFAs increased their share of the term insurance market at the expense of bancassurers last year, according to the latest sales figures from reinsurer GE Frankona.Overall, the market for term increased by 28 per cent year on year to 1.35 million policies from 1.05 million policies in 2000.For level term, IFAs strengthened their market position […]

Sarasin creates income portfolio

SARASIN SARASIN CI INCOME PORTFOLIO Type: Unit trust Aim: Income by investing in bonds, equities and cash Minimum investment: Lump sum £2,500, monthly £100 Place of registration: Guernsey Investment split: Bonds 70%, equities 20%, cash 10% Yield: 4.5-5% Isa link: No Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal subject to negotiation Tel: 020 […]

Five reasons for optimism in India

By Kunal Desai, Head of Indian Equities at Neptune Investment Management Following the MSCI India Index’s 26.4 per cent return in 2014, stemming from a 7.3 per cent rise in GDP, investors have recently become increasingly concerned about India’s future growth potential. What has happened to India’s reform agenda and are there any signs of […]


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