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FundsNetwork Launches its Sipp with 350 discount offer

FundsNetwork is offering set-up and the first years administration for free in its new Sipp which is available for client quotes today.

Investors who transfer a minimum of 60,000 and opt solely for mutual funds, insured funds or the Sipp bank account within their Sipp will not pay the initial 100 fee to establish an account, nor the annual 250 administration charge.

The Sipp is run by Standard Life and includes more than 1000 funds, including mutual funds from 53 groups. It will be available for investments in December. The launch follows that of the platforms investment bond last week.

FundsNetwork head David Dalton-Brown says: Our Sipp offers over 1,000 individual fund options. There are flexible adviser fee arrangements, flexible commission options, and flexible withdrawal facilities.


Lloyds is pondering merger of Swip with Belgian bank Fortis

Lloyds TSB is reported to be mulling over a merger of Swip and Belgian bank Fortis’s asset management business which would create an investment giant with 155bn under management. Rumours have been rife in the industry following share price moves this weekend that Lloyds might spin Swip off into a joint venture with Fortis’ 68bn […]

SVM global to appoint Senator as chairman

SVM global investment trust has announced it is to appoint Senator Shane Ross to succeed Simon McClean as chairman of the company. Ross, who is currently deputy chairman, is to succeed existing chairman Simon McClean. The trust will hold its annual general meeting on December 13. The trust, which released its results today for the […]

New report tells actuaries to assess employers on pension scheme funding

A Professions Pensions Board report has urged the actuaries to incorporate formal assessments of the viability of sponsoring employers when advising on pension scheme funding.This would usually require the preparation of a third party assessment of the financial strength of the sponsoring employer.The report will be discussed tonight at a meeting of 150 actuaries, together […]

Rooftop Mortgages enhances its product offering

Rooftop Mortgages is enhancing its product offering by increasing the maximum loan size on a range of its products.The maximum loan up to 65 per cent LTV is increased to 1m on the stepped light and light adverse range. For 75 per cent LTV the maximum loan is raised to 750,000 across the stepped light, […]


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