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Financial candidates fail in bid for election

All the general election candidates from the financial services industry met with dis- appointment.

Rothschild corporate finance adviser Andrew Griffith put up the best fight as Tory candidate for Corby. Labour MP Phil Hope&#39s majority was down by 6.1 per cent on 1997.

Equitable Life pensions administrator Philip Cochrane took second place to Labour, as Tory candidate for Stafford.

Another Tory candidate, Towers Perrin actuary Julian Leigh was second to Labour&#39s Geoff Hoon in Ashfield.

SNP candidate Richard Thomson, who works for Scottish Widows, was fourth in the Tweeddale, Ettrick and Lauderdale constituency.

Financial services and political lobbyist Jim Boyd, of PR company Consolidated, came second as Tory candidate in the safe Labour safe seat of Sunderland South.

Best Invest deputy managing director and Tory candidate Jason Hollands suffered a 6.2 per cent swing against him in the Labour seat of hornsey & Wood Green.

Fellow IFA Kymin Financial Services director Richard Hill was fourth for the Conservatives in the Labour stronghold of Ogmore.


Societe Generale – SocGen American Growth Unit Trust

Wednesday, 13 June 2001.Type: Unit trust.Aim: Growth by investing in quoted US companies.Minimum investment: Lump sum £1,000, monthly £50.Investment split: US 88 per cent, Canada 2 per cent, futures 7 per cent, cash 3 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, Isas and Pep […]

Collins Stewart goes for absolute return

Mullin says: “Not a well known product provider. Offshore does not appeal to investors generally. It may appear overly complicated at first glance, and there is no history of performance and investment.”On the subject of the flexibility offered by the fund, Hosking says: “There is some flexibility with the broad range of asset allocation and […]

Outside Edge by Robert Reid

The significance of the FSA review into with-profits cannot be overstated. In the past, disparities associated with the way that with-profits funds are managed have been masked by high rates of return. But in the current lower-return environment, the flaws have become apparent. The review is considering four specific areas where the existing framework is […]

Standard all-clear for 98% on endowments

Standard Life has issued alm-ost 98 per cent of its mortgage endowment customers with green “all-clear” letters amid increasing numbers of life offices admitting shortfalls. The latest Money Marketing Focus survey reveals what percentage of policyholders have received green and red endowment shortfall letters. Life offices issuing mainly green letters include NPI (99.14 per cent), […]


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