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Fidelity to offer triple Isa

Fidelity is to offer a new multi-fund Isa, bringing tog ether three sector funds.

The Fidelity Triple Sector Isa will be launched on January 1. It will combine Fid elity&#39s healthcare, technology and financial services funds. Each fund will be a third of the portfolio.

The healthcare and financial services funds were laun ched in September. The technology fund was launched in September 1999 and has returned 50.8 per cent since launch.

Initial charge on the triple fund will be 3.25 per cent and annual 1.5 per cent. Initial commission is 3 per cent and 0.5 per cent trail.

Associate director David Cowdell says: “Specialist funds are continuing to sell well but advisers have concerns about the risks of these funds compared with more mainstream Isa funds. This shows how advisers can build attractive portfolios that retain much of the performance potential of owning the funds individually but without the commensurate risk.”


Lloyds may go hostile for Abbey

Lloyds TSB has signalled it has not given up hope of a deal with mortgage bank Abbey National following the breakdown of its take-over bid. Lloyds was thought to be preparing a hostile bid for Abbey last night after having its initial friendly offer rejected for being “unattractive”, although it is expected to come back […]

Nationwide puts Isa on the cake for Tessa holders

Nationwide Building Society has designed its Tessa Maturity Isa for savers who have matured tax exempt small savings accounts (TESSAS). This Cat standard mini cash Isa allows investors to put their money in an instant access account that offers interest at 6.55 per cent gross a year. Nationwide feels there will be a demand for […]

Dunfermline and Lambeth appoint chief executives

Dunfermline and Lambeth building societies have app ointed new chief executives. Dunfermline chief David Smith will retire in March. He has been director and chief executive since 1987 and chairman of the Building Soc ieties Association since last year. Smith will be replaced by Graeme Dalziel, who steps up from fin ance director. David Chalmers […]

Join the foreign legion

There are a significant number of foreigners resident in the UK, many of them are very affluent and able to take advantage of a favourable tax climate. Although the princ iples are relatively well known among specialist lawyers and accountant, the mechanics are often poorly understood by investment managers and trustees. Those who have a […]


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