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Currie gives 2% discount on UK growth

Martin Currie is offering a 2 per cent discount on the initial charge for the UK growth fund throughout March, dropping the charge to 3.25 per cent.

The annual charge is 1.25 per cent. Initial commission is 3 per cent. Renewal is 0.5 per cent if the fund is in a Pep wrapper.

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ICS inviting claims on four IFA firms

The Investors&#39 Compensation Scheme has declared four IFA firms in default, allowing clients to make compensation claims. The firms are: The Moneywise Centre of Chandos Street, Leamington Spa; London Corporate Securities of Great Eastern Street, London; RH Richards Associates of Malling House, West Malling, Kent; and Analysis Financial Services of Park View, Harrogate.

Marketwatch

Commercial Union and Guardian Royal Exchange saw their share prices dip after the worst UK floods in 50 years. CU&#39s share price closed down by 15p to 1265p, with GRE&#39s share price falling by7.75p to 432.25p on Tuesday. Estimates of the cost of the floods to the insurance industry range from £400m to £1.2bn.

Radical rethink over NIC

Gordon Brown announced radical reform of National Insurance to encourage job creation and cut down on red tape. At the bottom end, the main change is the removal from April 6, 1998 of the 2 per cent entry fee payable once earnings reach £64. For employers, from April 6, 1999, no NIC will be due […]

INDEPENDENT VIEW

I have crossed swords with the national press more times than I can remember in defence of the endowment mortgage. This has included skirmishes with financial journalists working for the so-called quality press, whose argument is based on little more than the fact that somebody has earned commission and, therefore, it must be a bad […]

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