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Gartmore extends focus funds discount

Gartmore is extending the 2 per cent discount off the initial 5 per cent charge on lump-sum invest-ments in its focus fund range until April 30. The range consists of the American Focus, European Focus, Global Focus and UK Focus funds.

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New manager for Schroders&#39 global emerging fund

Schroders has changed the manager of its global emerging markets fund for the third time in less than three years, replacing Giles Neville with Robert Davy.Neville, who becomes fund director for global emerging markets products, took over the £86.2m fund in August 2002. Since then, it has fallen by 10.7 per cent against a sector […]

F&C sales closure turns up the heat

The closure of F&C&#39s IFA salesforce will stoke fears that the retail fund industry is facing meltdown.F&C&#39s drive to attract more IFA business began in earnest about four years ago with a small team of eight. In a bull market or even in a less savage bear one, the strategy might well have paid off. […]

Tories and LibDems fight to save Isa tax credit

Chancellor Gordon Brown&#39s decision to push through the abolition of the 10 per cent Isa dividend tax credit has been resoundingly criticised by fund managers and trade bodies. The absence of comment on Isas in the Budget other than a general statement endorsing the product has been interpreted by the industry as confirmation the tax […]

Stamp duty

This Budget confirms the details of and changes to the modernised regime for stamp duty (now also, in some of the Budget Notes referred to as &#34stamp taxes&#34) which were first announced in the Budget 2002. Most of these come under the heading &#34Modernising the Taxation of Property&#34. The new regime will apply from 1 […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]

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