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Former Deutsche manager Frost joins Artemis

Star income manager Adrian Frost is to join Artemis next week, to take over the management of its flagging UK income fund.

Frost joins from Deutsche Asset Management, where he was head of UK equities until April this year, when he left to take a six month sabbatical. He then quit the firm for good in October.

Artemis’ Income fund is currently managed by Derek Stuart, but is lagging in the third quartile for the past year. Stuart will now concentrate solely on the management of the Artemis Special Situations fund.


Bupa offers plan to end paying twice for benefits

Bupa is offering a health cash plan which provides cover for everyday healthcare expenses without duplicating the benefits available through private medical insurance.The firm says it has created the Health Additions plan to attract customers who already hold medical insurance and fear paying twice for benefits such as hospital stays and consultations.Customers pay a premium […]

Close offering property fund with 10% yield

Close Property Investment is introducing a new property partnership product, offering investors a yield of 10 per cent.The Fareham Fund Limited Partnership will invest in a new innovation centre in the Solent business corridor between Portsmouth and Southampton.The innovation centre will offer funding, accounting and marketing assistance for small firms as well as busi-ness premises. […]

Millfield posts £2.2m loss

National IFA Millfield made a loss of £2.2 million between March and September because of a 217 per cent increase in administration expenses from the same period in 2000.In its interim results for the six months ended September 30 Millfield&#39s administration expenses to improve its infrastructure came to £4.5 million compared to £1.4 million in […]

Treasury fails to make EU insurance deal

The Treasury has failed to negotiate a UK exemption from EU legislation which states that all insurance intermediaries will have to become statutorily regulated.If the directive remains unchanged, it will mean the General Insurance Standards Council will either have to become a statutory regulator or the FSA will have to take over the regulation of […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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