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F&C in trust merger discussions

F&C is looking to merge its capital and income and income growth investment trusts.

The boards of both trusts have appointed advisers in connection with the merger, which will become effective in April 2005 subject to shareholder approval. The merger is likely to achieve economies of scale through the creation of a larger company and offer the prospect of greater liquidity in the market for the new companys shares.

If the merger goes through, the income growth investment trusts shares would be cancelled, with the capital and income investment trust issuing new shares to growth shareholders to reflect the relative asset values on the effective date of the merger.


Opening balance from Framlington

Framlington has opened its institutional managed balanced fund to retail investors 12 years after the fund was introduced.The fund was originally an exempt unit trust used by Framlington’s own defined benefit pension scheme. Framlington believes the fund fills a gap in its retail range, so decided to create a retail share class rather than establish […]

Personal Touch Insurance renamed as Personal Touch Financial Services

Press Release 28 January 2005 For immediate release Personal Touch name change reflects business expansion Personal Touch Insurance has changed its name to Personal Touch Financial Services.Personal Touch now has more than 800 intermediary firms as appointed representatives and 200 in the pipeline.The growth has come from a proposition between the network and the members, […]


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