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Exclusive – Gartmore to introduce radical charging structure

Gartmore is to introduce a radical new charging structure to its range of ‘focus funds’, which are due for launch on January 31.

The funds are expected to have higher charges, but will commit to rebates if the funds fail to outperform their benchmark.

The funds will cover each of the main global sectors— UK, Europe, US, and Japan — and will also include one international fund. Each fund will have concentrated portfolios of around 30 to 40 stocks.


Friends Provident announces bonus declaration

Friends Provident has announced its bonus declaration for with -profit endowment policyholders for 2000. For conventional with-profit endowment life policies the declared regular bonus is 2 per cent on the sum assured, and 2.5 per cent on attaching bonuses. The bonus declaration for conventional with-profit personal pension policies is 2.5 per cent on basic pension […]

Stephen Sklaroff

Being at the forefront of a trade body representing insurance companies is not easy when when storms are raging over the closure of Equitable Life to new business and the Axa orphan assets case. But ABI deputy director general Stephen Sklaroff is keen to use this troubled time to encourage insurance companies to rally towards […]

AA drives into the IFA sector with annuities

AA Financial Services is re-entering the IFA market with plans to build the UK&#39s number one IFA brand through a new company AAIFA. It aims to build the brand by targeting the AA&#39s 11 million members. The first phase will see AAIFA entering the annuity, Isa, term insurance and investment bond markets by the second […]

Loan advisers have high hopes

Mortgage advisers have high hopes for this year, forecasting an increase in business of 3.5 per cent for the first quarter, according to the Paragon Mortgages&#39 Fact index published this week. This follows a fall in confidence during the final quarter of last year. General confidence levels dropped to 104.4 per cent from 106 per […]

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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