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European Fund Managers predict euro will increase business

European fund managers are predicting that their business opportunities will be greatly increased by the euro.

A survey by DBC Search a head-hunting firm found 86 per cent of European fund management firms expect their institutional business to expand as a result of the EMU.

More than 50 per cent of European fund managers are increasing their professional staff compared to 42 per cent in the UK.


FSA says most firms reaching Y2K compliance standards

The Financial Services Authority says most financial groups are Millennium compliant.FSA financial supervision managing director Michael Foot says: &#34For high impact groups, where problems could have a big effect on retail customers or the markets, our assessment shows around 58 per cent are on track for Year 2000 compliance.&#34Thirty-five per cent are behind but likely […]

Equitable Life announces date for court case

Equitable Life&#39s test case in respect of guaranteed annuity rates will be heard in the High Court in the week beginning July 5 1999.The life office is seeking confirmation that its approach towards guaranteed annuity rates is both proper and fair.Managing director Alan Nish says: &#34We are pleased to have been able to secure an […]

Loophole is closed but Pets get a reprieve

The Chancellor has clam ped down on an inheritance tax loophole which enabled people to avoid IHT through gifts of property.The move is part of a range of measures to tighten up IHT rules. Potentially exempt transfers remain but people receiving them will have to account for details of any chargeable transfers made by the […]

Market Harborough announces Isa products

Market Harborough Building Society has announced details of its Isa products including a Catmarked version.The Cat Isa is a cash mini Isa with a minimum investment of £10 and a maximum of £3,000. Withdrawals are subject to 7 days notice.The Isa 90 is a non-Catmarked cash Isa paying a variable rate of 5.85 per cent. […]


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