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Clerical Medical offers new fund range of fund collections

Clerical Medical is introducing a new range of fund collections graded to risk – defensive, cautious and balanced – available from March 2004.
The collections are made up of funds from Insight Investment, Clerical Medical&#39s in-house fund manager, and from its external fund managers UBS, Newtons and Schroders.
Retail funds marketing manager Amanda Pitt says: “We have designed the fund collections to give intermediaries extra diversification in investment style as well as offering a good range of investment managers. We have received a number of requests from intermediaries for collections such as this and are happy to be able to provide them. We may extend the range of fund collections in the future.”


Universities&#39 scheme switches managers

The Universities Superannuation Scheme, the UK&#39s third-biggest private-sector pension fund, has dropped three external fund managers. Schroders, Baillie Gifford and Merrill Lynch Investment Managers have been replaced by Wellington Management International, Goldman Sachs Asset Management and Legal & General Investment Management. The scheme has £19bn in assets for more than 200,000 individuals in 350 universities […]

March of the machines

Imagine an investment which had grown at a rate of 30-35 per cent a year since 1900. Better still, the rate of return achieved since 1940 was nearer 50 per cent a year. Impossible? Well, according to a study by William D Nordhaus of Yale University in his paper entitled, The Progress of Computing, I […]

Former Sesame member loses out on renewals

Ex-Sesame network member Roy Essex has hit out at the mega-network, saying it is taking a higher percentage of former members&#39 renewal commission than it charges current members. He says when he left Sesame last summer, members were being charged 15 per cent of all commission. The rate was then reduced to 12.5 per cent […]

Higher property values for landlords – Paragon

Paragon&#39s buy to let index for March shows another rise in the prices landlords are paying for their residential investments, with a three per cent rise in property values in February following a 0.6 per cent rise in January. Managing director John Heron says: “The housing market has proved remarkably robust since the New Year, […]


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