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Friends I&S puts small company funds into a portfolio

Friends Ivory & Sime is pulling together its three smaller company trusts

in a bid to bolster its IFA business.

The Aim, Discovery and Ivory & Sime UK smaller companies funds will now

come under the new Twenty20 investment portfolio.

Investors can take an income of up to 10 per cent of the original amount

invested, paid quarterly. The fund manager will automatically reinvest any


Investment will be split equally over all three small-cap sectors, the

FTSE AIM, Fledgling and SmallCap indices.

Minimum lump sum investment is £5,000 and regular savings £150 a month.

Commission is 3 per cent initial plus 0.5 per cent fund-based renewal.

Friends is offering an early bird incentive commission of 4 per cent

initial plus 0.5 per cent renewal until June 30.

The company&#39s lifetime guarantee applies on Twenty20 and an Isa option and

Pep transfers will be available.

The firm is taking its message out on the road with a series of seminars

kicking off today in Edinburgh and ending in Birmingham on May 25.


Opra takes on web quizzing

Occupational Pensions Regulatory Authority, is to run its second web-based question time session on April 11. Participants can quiz chairman John Hayes, chief executive Caroline Instance and board member Harriet Maunsell on impending changes to the regulator&#39s powers. From April 3, most cases where an employer fails to pay employees&#39 contributions into an occupational pension […]

With-profits could be a hollow victory for stakeholder firms

The publication of the draft regulations on stakeholder pensions means wehave almost reached the end of the stakeholder journey having overcome araft of issues and consultation papers.The shape of stakeholder is now becoming clear although some details stillneed further clarification.What we finally do know is that the Government has taken on board lifeoffice concerns and […]

Carry on, don&#39t lose your taper relief

Following my previous article (Down to business on taper relief, MoneyMarketing, March 16), I am going to develop the theme of corporateinvestment by looking at paragraph 11 of Schedule A1 of the Taxation ofChargeable Gains Act 1992.The interpretation of this paragraph means that for a “close” tradingcompany – a company with five or fewer participators […]

Cyber survival

People want information now. They expect instant responses to email. Theinternet is growing at an amazing rate. There are 15,000 new users everyday in the UK, which is equivalent to annual growth of 33 per cent.The financial services business is at the centre of the revolution.Analysts expect internet bank users to rocket from 750,000 today […]


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