View more on these topics

Gartmore launches new split capital investment trust

Gartmore is launching a new split capital investment trust from the ordinary income shares of the Gartmore High Income Trust and Zero Dividend Preference shares of Gartmore High Income Securities.

The new group has raised £40m before expenses through a placing by Grieg Middleton of 20m ordinary income, 10m zero dividend preference shares and a £10m fixed interest bank loan.

Deputy head of retail Michael Wrobel says: “The portfolio will be managed by Ross Watson and Glenda Horn of Gartmore Scotland&#39s investment team which has established a reputation for success in the management of split capital trusts.”


Firms join up to create logo for Cat standard Isa

Ten life offices and fund managers are banding together to create a standard industry logo for the Cat-standard Isa.The project, which is bac- ked by the Association of British Insurers and the Asso- ciation of Unit Trusts and Investment Funds, brings together large IFA life off- ices, fund managers, direct-sales offices and supermarket operations.The companies […]

PIA terminates IFA&#39s membership

The PIA has terminated the membership of Preston IFA, CAC Financial Services.The regulator has removed the firm&#39s authorised to conduct investment business.It has also suspended Ian Ward trading as Bucward Independent Financial Advisers based in 6 Rivian Avenue, NW4, London from carrying out investment business.The PIA had previously issued an intervention notice PIA after it […]

Britannic setting up fund arm to offer Isa

Britannic Assurance is launching a unit trust arm to give it a springboard into the Isa market.Britannic Unit Trust Managers is being set up to enable the life office to sell a full Isa range through its direct salesforce.Last month, the home service firm revealed plans to sell a select range of products through the […]

Hill Samuel offers discount on Isa

Hill Samuel Asset Management is discounting the initial charge on its Isas by 1 per cent.The move brings the average initial charge on its funds down to 3 per cent.HSAM has also introduced a multi-link facility allowing more than one fund to be selected under an Isa umbrella.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm