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DBS&#39 Magnificent Seven ride into Isa arena

DBS is starting its annual MaximIsa marketing drive following its successful campaign last year, which pulled in £51m of business for its members.

Last year, more than 7,000 people took out Isas based on recommendations by DBS and the company is hoping to generate a similar response this season from its campaign costing £10,000.

The network is distributing 230,000 marketing packs containing letters and brochures listing its Magnificent Seven Isa recommendations covering a range of sectors.

The packs will initially be sent to DBS members so they can forward them on to clients.

The packs advise on the best Isas and offer discounts to customers on most recommended products.

The Isa recommendations are put together from an analysis of 2,000 funds by investment manager Neil Liver- sidge. He breaks these down into seven sectors to recommend the Magnificent Seven.

This year&#39s recommendations are the Aberdeen fixed interest, Henderson global technology, Norwich Union UK growth, SG Asset Management European, Fidelity Weatherbuilder and Capel Cure Sharp ethical funds.


Don&#39t rue the data

For many years, pension advisers have had to come to terms with a rising tide of regulation. The Taxes Acts determine the tax benefits and the various Social Security Acts contain the regulations that set out the benefits for early leavers from pension schemes, the revaluation of members&#39 benefits in line with inflation, disclosure of […]

Mortgage Partnership is back in business

Merseyside-based The Mortgage Partnership has resumed trading after being shut down last year by mortgage design and distribution company Private Label. TMP had opened for business in 1997, catering specifically for the mortgage broker market in the North. The operation had reached over £70m a year in mortgage applications by the time it was taken […]

Charles Schwab launches Sipp

Charles Schwab is moving into the UK pension market with the launch of a self-invested personal pension. The Sipp has a minimum initial investment of £5,000 and subsequent investments of £100. The set-up fee is £135 and the quarterly administration fee is 0.125 per cent of fund value for the first £100,000 and no charge […]

F&C make the grade

High net worth clients are the target investors for Foreign & Colonial&#39s high yield European bond fund. This Luxemburg-based Sicav invests in European corporate bonds that are rated BB, B and CCC. The company believes it is a good time to invest in European corporate bonds because the recent turbulence of the Nasdaq and the […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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