View more on these topics

Framlington Unit Management – American Smaller Companies Fund

Friday, 13th October 2000.



Type: Unit trust.



Aim: Growth by investing in the Nasdaq composite index.



Minimum investment: Unit trust – £500 lump sum, Isa – £1,000 lump sum.



Investment split: Technology 27.8 per cent, industrials 21.4 per cent, healthcare 17.2 per cent, consumer 15.9 per cent, telecommunications 12.1 per cent, financial 3.1 per cent, materials 2.5 per cent.



Yield: Nil.



Isa link: Yes.



Pep transfer: Yes.



Charges: Initial 5 per cent, annual 1.5 per cent.Special offer: Initial charge on lump sum investments reduced to 4 per cent.



Offer period: Until December 31, 2000.



Commission: Initial 3 per cent, renewal commission on Isas & Pep transfers 0.5 per cent.



Tel: 0845 766 0184.



Recommended

Yorkshire Building Society – Fixed Rate Savings Bond

Monday, 16th October 2000.Type: Maxi or mini stocks and shares Isa linked to the FTSE 100 Index.Aim: Growth by investing in corporate bonds.Minimum-maximum investment: Maxi Isa – £500-£7,000 lump sum, mini Isa – £500-£3,000 lump sum.Investment choice: 100 per cent corporate bonds.Term: Five years.Guarantee: 100 per cent of original investment returned after five years and […]

Principal appoint IFA support specialist

Principal Investment Management has announced the appointment of Dean Wakefield as Business Development Officer for the Midlands. Based in Bath, Wakefield&#39s role will be to provide support to those IFAs that sell Principal&#39s discretionary portfolio management services. IFAs now account for 80 percent of Principal&#39s new business. Previous to joining Principal, Wakefield was a intermediary […]

Principality – Three Year Fixed Rate

Monday, 16th October 2000.Fixed term: Until December 31, 2003.Fixed rate: 6.49 per cent.Minimum loan: £5,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum of £300,000, above £300,000 subject to negotiation.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: £299.Redemption fee: 3 per cent of advance in first […]

Royal London appoints head of direct sales

Life office Royal London has appointed Chris Ide as its chief executive for new markets. He will take over the development of direct sales through the telephone and internet. Ide, a qualified actuary, was last at Swiss Life where he was managing director of its European division. The news comes only a week after Royal […]

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment