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Close Asset Management – Residential Growth Partnership

Close Asset Management – Residential Growth Partnership

Type: Exempt unit trust/limited partnership

Aim: Growth by investing in residential properties in England that are let to the over-60s on a lifetime lease

Minimum investment: Lump sum £20,000

Investment split: 100% in residential properties in England

Charges: Initial 5%, annual 1.375%, performance fee 20% of returns above 8%, 35% of returns above 12%

Closing date: December 11, 2009

Commission: Initial 3%, renewal 0.5%

Tel: 0800 269824


QE boosted to £200bn

The Bank of England increased its quantitative easing programme by £25bn to £200bn, which goes beyond Chancellor Alistair Darling’s authorised threshold for the scheme. The monetary policy committee voted to keep bank rate at 0.5 per cent for the eighth consecutive month at its mon- thly meeting last week.The bank said although banks’ funding conditions […]

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