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Close Fund Management launches Japan fund

Close Fund Management is launching a Japan accelerated
performance fund aiming to provide capital protection and enhanced
return on the Nikkei 225 index over six years. The fund, which is open
until December 11, is designed to offer five times the growth of the
Nikkei subject to a maximum return of 100 per cent. Unless the index
falls to below 50 per cent of its starting level, investors&#39 capital is fully


Axa PPP targets self-employed

Axa PPP Healthcare has designed a private medical insurance plan for the self-employed. Independent health cover offers the usual range of inpatient day patient and outpatient benefits plus additional benefits that self-employed people may find useful, such as personal business assistance and a legal advice line. The plan has three levels of cover &#45 gold, […]

Smaller companies are switching over to GPPs

Group personal pensions are now the preferred type for firms employing up to 250 people, according to the latest Association of Consulting Actuaries survey. The survey looked at pension trends in firms employing 250 people or less and found that 90 per cent of these firms will have reviewed their pension scheme arrangements over the […]

£1.4m limit effect to be tested by NAO – Brown

The Treasury&#39s claim that the Inland Revenue&#39s controversial £1.4m lifetime limit proposal only affects 5,000 individuals is to be tested by the National Audit Office, and the plan could be dropped altogether Chancellor Gordon Brown has told the House of Commons. In his pre-budget report Brown today said the consultation on the Revenue&#39s proposals had […]

Mental illness is biggest cause of claims at Friends

Mental illness was the biggest cause of claims under Friends Provident&#39s income protection plan last year. Twenty-four per cent of claims were due to mental disorders, including chronic fatigue syndrome and stress. Musculoskeletal disorders accounted for 21 per cent of claims, followed by conditions such as bronchitis, asthma and glandular fever at 16 per cent, […]


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