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Fleming Asset Management ISA delay an advantage

An apparent setback to Fleming Asset Management&#39s ISA – its launch was put back to 4 May due to IT difficulties- may actually turn out to work in their favour.

Fleming investment sales director Phil Jefferson says: &#34The Fleming ISA will not be available until next month. We feel this is not necessarily a disadvantage. There is confusion about ISAs, Maxis, Minis and Cat marks and it will take time for the public to feel comfortable with this new product.&#34

He adds: &#34We would rather be one month late with a fully tested system than first on the market with on a wing and a prayer.&#34

The comapny were having teething difficulties with the Rufus IT backing up their ISA.


Fleming Investment Trust Management appoints marketing manager

Fleming Investment Trust Management has appointed Debbie Cash as marketing manager.Cash has been at Fleming&#39s for five years and takes over the role from Ian Overgage.The marketing role has been expanded to include responsibility for marketing to IFAs as well as private clients.

Skipton Building Society appoints head of corporate communications

Skipton Building Society has appointed Mark Smitheringale as head of corporate communications.Smitheringale moves to the role from his current position as head of special projects and managing director of the society&#39s subsidiary Skipton MortgagesLimited.He has been with the society for eight years.

Holdings of UK equities rise

The average UK Equity holdings of Pooled Mixed with Property funds rose by 2.6 percent in the first quarter of 1999 according to the CAPS pension fund survey.The average amount of assets held in UK equities at the end of the period was 56.9 per cent, up from a 10 year low of 54.2 per […]

CGU announce first quarter results

CGU Life has announced a 27 per cent increase in new life, pensions and investment business.Results for the first quarter 1999 show new annualised premium income has risen to £122m from £97m over corresponding figures for last year.UK single premium business was up 53 per cent to £864m from £565m over the same period. But […]


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