Edinburgh Income and Value Trust, managed by Edinburgh Fund Managers, has announced that a second interim dividend of 2.4p has been declared and will be paid to shareholders on February 16, 2001. This follows a first interim dividend of 2.4p. The company intends to pay a total dividend of at least 9.6p for the year to May 31, 2001. Net asset value per ordinary share rose by 22.8 per cent to 114.79p over the six months to November 30, 2000.
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Taxing affairs
Close Fund Management's FTSE Euro eTX fund is an Oeic that tracks the FTSE eTX Euro 50 index comprising 50 small to medium-sized European technology companies. Examining how the fund fits into the market, Parvaneh says: “There has been a gap for a pure Euro tech fund so far. This will fit very well.” Dilke-Wing […]
Portfolio planning
In this series of articles I would like to turn my attention first to the application of some fundamental aspects of portfolio planning, though with adva nced application, and then look at the features of the main types of asset class which may be used within the various investment strategies. Combining concepts and strategiesIt is […]
Clerical Medical – With Profits Bond
Friday, 19th January 2001.Aim: Growth and income by investing in Clerical Medical's with-profits fund.Minimum investment: £5,000.Bonus rates: 4.7 per cent.Allocation rates: 100 per cent.Charges: Annual 1.3 per cent.Commission: Either initial 5.25 per cent, initial 4.125 per cent renewal 0.25 per cent or initial 3 per cent renewal 0.5 per cent.Tel: 0800 779090.
Rewards on the cards
IFAs see a future for fund supermarkets working alongside face-to-face advice but they feel most UK consumers are not ready to plunge into the world of online investment on their own. Mellon Trust chief executive of fund administration Steve Blizzard recently des cribed the idea of a stand-alone supermarket as flawed, maintaining that face-to-face advice […]
Government toughens master trust regulation
The Government is introducing legislation in the Pension Schemes Bill to protect people saving for retirement through master trusts. This follows industry concerns on the risks to members of a master trust failing. In this article, we consider the changes being introduced, why they are needed and their likely effect. What are the changes? The […]
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Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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