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Colonial take Stewart Ivory

Colonial has confirmed it will buy Stewart Ivory for £72m, a move that the fund manager believes will allow it to expand its IFA product range.

The acquisition will help Colonial broaden its international fund management capabilities and will trade under the name Colonial Stewart Ivory.

The move brings together the “bottom up” investment styles of the two companies, according to Colonial Group managing director and chief executive officer Peter Smedley.

Colonial head of public affairs Simon Anderson says: “The move capitalises on the strength of both companies and we hope bringing the two together will allow us to offer a wider product range to IFAs in the future.”


IFAs set for annuities surge

IFAs are set for a boost as demand for investment-linked annuities is predicted to surge this year by the Annuity Bureau.By the end of 2000 it expects investment and with-profit linked annuities to make up 20 per cent of the annuity market, or £1.5bn, from five per cent in 1998. The specialist IFA attributes the […]

Birmingham Midshires – The HeartBeat Account (inserted 21/2/2000)

Type: Fixed-rate interest account tied to Bank of England base rate.Minimum-maximum investment: £1,000-£500,000.Interest rates: £1,000-£4,999 – 1% below base rate, £5,000-£9,999 – 0.5% below base rate, £10,000-£24,999 – 0.25% below base rate, £25,000-£49,9999 – equal to base rate, £50,000+ – 0.25% above base rate.Term: None.Offer period: Until further notice.Withdrawal penalties: 30 days&#39 notice.Tel: 0845 602 […]

Use your children, investors told

Plan administrator NDF is encouraging people to use their children&#39s capital gains tax allowance to avoid paying tax on their investments.The administrator is pushing its Extra Income & Growth Plan, underwritten by Abbey National, to take advantage of the allowance.NDF Administration believes investors are going for income, which is taxed, rather than growth. It says […]

Invesco scoop top investment award

Invesco Fund Managers has received an award for operating the best performing fund available to UK investors, by Reuters subsidiary Lipper.Lipper&#39s top award, the Lipper Leader Statue, was presented to Invesco for its GT Smaller Companies fund for generating returns of 488.24 per cent in 1999.Other winners included Henry Cooke Investment Funds, Aberdeen Unit Trust […]


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