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F&C Management lowers entry to investment trust mini Isa

F&C Management I improving the flexibility of its investment trust mini Isa so that investors can now invest lump sums from £1,000 and direct debits from £100 a month.

Previously F&C took minimum lump sums of £3,000 and had no direct debit facility for the investment trust mini Isa.

Initial fee is £50 plus vat with a £60 plus vat a year administration charge. Commission on purchase is 0.2 per cent.

F&C director and head of private investor marketing Georgette Harrison says: “Mini equity Isas can be useful for those who have a mini cash Isa but would still like to invest in equities. By making our mini Isa more accessible we hope to help investors to experience the long-term benefits of a stock market investment.”


Kempster leaving in major Pru reshuffle

Prudential director of intermediaries Tony Kempster and European managing director Chris Evans have been replaced in a major reshuffle at board level.Kempster, the former DBS chief executive who had been with the Pru for less than a year, and Evans, who had served for 19 years, will be replaced by former Norwich Union managing director […]

Scottish Mutual chief executive steps down

Scottish Mutual chief executive Graham Pottinger is leaving the Abbey National group at the end of June. His departure follows a restructuring of the Abbey’s long term savings businesses. The businesses are being brought in to one division which will be headed up by Mac Millington who was formerly managing director of its business to […]

Pickering to reinstate compulsory employer pensions

Alan Pickering is set to propose restoring the right for employers to force staff to join company pension schemes, according to an interview he gave to the Financial Times.Pensions experts have welcomed the move, saying the move has been on the cards for some time and will improve pension provision.In his report on how to […]


Is there room for new entrants into the retail fund management market?“No, I think it is very crowded. In the UK, we have so much choice in terms of fund managers and types of funds already.”Ian Shipway, Lauren Charles Financial Management“Yes. There is always room in the market if they are bringing in quality funds. […]


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