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Dent to steer flagship trust

Fund manager Friends Ivory & Sime has appointed Julie Dent as manager of its flagship British assets investment trust. She will take over the management of the fund from John Stubbs, 58, who is to retire after running the fund since June 1995.

Dent has been with Friends Ivory & Sime since 1986. Since 1998, she has been director of global equities and previously spent six years as head of Japanese equities.

The British assets trust is in the global growth and income trust sector. According to Association of Investment Trust Companies&#39 figures, it is the best-performing trust in its league over one, three and five years to July 31, 2001.

Managing director of retail and institutional business development Peter Arthur says: “With over 15 years experience managing international equities on behalf of third-party clients, we are confident that Julie will ensure the assets are professionally managed and continue John&#39s very good investment trust record.”


Compensation scheme finalised

The final rules for the Financial Services Compensation Scheme, due to come into effect on December 1, have been finalised. IFAs will have their own category, which will not include the cost of redress for the pension review. If an IFA firm goes into default, the rest of the IFAs will share the cost of […]

Old Trafford: Home fixture

Mortgage Next is running a series of broker roadshows at Premiership football grounds throughout September and October. The roadshows, which take in 12 clubs, will offer brokers the chance to speak to lenders on Mortgage Next&#39s panel about products available through the network. At each location there will be representatives from seven of the 19 […]

FSCS rules finalised

The final rules for the Financial Services Compensation Scheme due to come into effect on December 1, 2001 have been finalised. The new single scheme will replace the eight existing schemes including the Investors Compensation Scheme. IFAs will have their own category, which will not include the cost of redress for the pensions review. Anytime […]

Larger employers on course for stakeholder

Seventy five per cent of British businesses with a turnover of more than £1m have now either set up a stakeholder pension scheme or believe their existing arrangements are sufficient ahead of the 8th October deadline.According to new research from Axa, that leaves an estimated 32,500 larger employers who need to take action.Head of pensions […]


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