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Friends Provident with profits payouts fall

Regular bonus rates on Friends Provident’s life and pensions with-profits remain broadly unchanged after the life offices’ with-profits fund delivered its first double digit return in five years.
Despite the group paying out 250m in this round of bonuses, payouts on Friends Provident life and pensions with profits policies have on average dipped by 4 per cent compared with payouts on the same policies maturing after the group’s previous bonus announcement on 20 August last year. Regular bonuses on its conventional individual life and personal pension policies have been held at 0.25 per cent as have rates on the same policies in its closed fund.
The with profits fund returned 10.7 per cent in 2004.


Investec appoints new Gulf investment manager

Investec has appointed Tony Zeiger from Barclays Private Bank, with responsibility for the development of investment management in the Gulf region. At Barclays, Tony was senior investment adviser responsible for high net-worth clients in the Gulf states and Africa. At Investec he will develop the firms investment consulting service, offered exclusively to ultra high net […]

Mountain of IFAs want to see return of Perpetual

IFAs want Invesco Perpetual to resurrect the Perpetual brand and put it at the forefront of its retail marketing campaign, according to a Money Marketing online poll.

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


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