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DPO goes live with public offerings

Online investment service DPO opens this week when it issues prospectuses to IFAs for its first offering, Harrogate 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 an enterprise investment scheme.

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Frank Russells up hedge fund

Sophisticated high-net worth clients are being targeted by the Frank Russell Company to invest in the alternative strategies fund.This offshore open-ended investment company (Oeic) aims to produce returns of between 10 and 15 per cent a year. It invests in hedge fund strategies such as event driven, market neutral arbitrage and long and short selling. […]

Retirement hardship widening Pensioners and poverty

Three million more people in the UK now face financial hardship in retirement than they did in 1996, according to research from JP Morgan Fleming Asset Management.In its annual survey, the Pension Map of Britain, it found the number facing difficulties when they reach retirement has grown from 9.9 million in 1996 to 12.6 million […]

Citigroup buys Future Mortgages

Citigroup, the world&#39s biggest financial services company, is buying Future Mortgages through its Citibank Overseas Investment Corp arm.Citigroup is not disclosing the sum paid for Future Mortgages, which originates over £300m in mortgages annually.Citigroup UK consumer finance business head Terry Williams says: “The UK consumer market continues to offer attractive opportunities. We have major ambitions […]

Gavin hill

National Mutual managing director Gavin Hill is a man with a slightly unusual passion. But it is difficult to hold this against him when you discover his interest has provided him with both a high-flying career and a 25-year marriage.“I have always been greatly interested in mathematics – it is one of those things where […]

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