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F&C launches its mutual funds range in Austria

F&C has announced the introduction of its mutual funds range into the Austrian market, with a total of 16 funds registered for distribution.

F&C already manages investment mandates for institutional investors in Austria.

F&C head of Austria and Switzerland Christian Zeitler says Austria is a very attractive, growing market.

He says: “We have been managing money for Austrian institutional clients for years and we see the registration of our mutual funds as a crucial step that will drive further growth. It also falls in line with the company’s plan to increase its European presence.”

Zeitler says demand for these investment vehicles will mainly come from banks and funds of funds in search of expertise in specialist products.

“There is definitely an appetite for niche investment solutions in Austria and we are confident that we can offer a very attractive and diversified choice of products, from equities and fixed income to real estate and sustainable investment vehicles.”


HMRC increases interest on late tax payments

Saffery Champness is advising taxpayers to submit their tax on time after HMRC announced it has increased the interest charged on late payments by as much as 1 per cent.


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