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Coventry launches new savings account

Coventry Building Society is launching a savings account paying 4.25 per cent on balances up to £2,000 and 5.25 per cent for sums over £2,000.

The CallSave MoneyManager account also offers standing order and direct debit facilities and payment of bills by telephone, with interest paid monthly or annually.

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New Star poaches Newton fund manager

Newton Higher Income fund manager Toby Thompson has been poached by New Star Asset Management.Thompson will managed New Star’s equity income fund, which is set for launch later this year.

SME investment service goes live

Online investment service DPO goes live today when it issues prospectuses to IFAs for its first offering, Harrogate-based media business Media Generation.The direct public offering service gives retail investors the opportunity to invest in small to medium sized companies at an early stage. Investments start at £500 and qualify for the tax benefits of the […]

On the trail of commission strategy

The caricature of the commission-hungry IFA is an image that the industry sometimes struggles to dispel.Not only has Ron Sandler, head of the new Treasury review into retail investment, given notice of his intention to examine what he has described as the “ambiguities” inherent in distribution, but the subject of commission is used repeatedly to […]

Three directors join LM Financial

LM Financial has recruited Dale Pilkington as its regional sales director for the South of England. Pilkington was head of senior sales at John Charcol. Chris Hervey joins LM as finance director while Terry Bates joins as director of recruitment with an extensive recruitment programme over the next six months.

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.

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