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Friends Provident International – FPIL Merrill Lynch New Energy Fund

Friends Provident International

FPIL Merrill Lynch New Energy Fund

Type: Unit-linked fund

Aim: Growth by investing globally in the equity securities of companies in the alternative energy and energy technology sectors

Minimum investment: Dependent on product wrapper

Investment split: 100% in the alternative energy and energy technology sectors.

Place of registration: Isle of Man

Charges: Initial up to 7% for wrapper product, annual 1.2%

Commission: Dependent on product wrapper

Tel: 01624 821212


Brokers berate Barclays claims

Aifa is calling on the FSA to investigate Barclays for claiming its service is as good, if not better, than that offered by IFAs.The claims, made in a brochure for the Premier banking service, have outraged the IFA sector, fuelling allegations that the firm is breaching the principles of treating customers fairly and misleading clients.The […]


New non-exec board member for Tenet

The Tenet Group has appointed HSBC’s Rupert Robson as a new non-executive member of its main board. Robson holds the position of global head of financial institutions group at HSBC corporate, investment banking and markets. He previously worked as head of European Insurance for Citigroup global markets and before that spent 10 years at Schroders. […]

Bills to set out pension reform

The Queen’s speech put forward a bill for state pension reform and possibly another bill on personal accounts.


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