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Gartmore launches stable growth fund

Gartmore launches its new Stable Growth fund today, investing in zero dividend preference shares.

The fund, managed by Richard Prvulovich, aims to achieve long term capital growth at minimal risk, with an estimated gross redemption yield of 8.4 per cent.

The minimum investment is £1,000 or £50 a month. The initial charge is 1.5 per cent, with an annual management charge of 1.5 per cent.

The fund has a monthly withdrawal facility for investors with more than £10,000 in the fund.


Two new B&W products from Exclusive Connections

Mortgage packaging network Exclusive Connections is rolling out two new loans funded by Bristol & West. EC is offering a buy-to-let mortgage at 6.99 per cent until 2004, after which it reverts to 1.75 per cent over Bank of England base rate. The stepped fixed rate loan has a rate of 5.25 per cent until […]

NAPF receives assurance from Equitable

The National Association of Pension Funds says it has been assured by Equitable Life the likelihood of further bad news for policyholders has been substantially diminished by recent reductions in policy values.The NAPF also reported reassurances that Equitable remains solvent, and that a further substantial fall in equity markets would be necessary to threaten this […]

L&G sees 30% rise in sales

Legal & General achieved a 30 per cent rise in life and pension sales in the first half of this year to £266m from £205m in equivalent premium income. The life office says it is planning more partnerships similar to its Barclays, Woolwich and Alliance & Leicester tie-ups. Individual pension sales were up by 15 […]

Sir Brian Stewart to chair Standard Life

Scottish & Newcastle chairman Sir Brian Stewart is to become the new chairman of mutual life office Standard Life.Stewart, 55, will replace the current chairman John Trott who is expected to announce his retirement at Standard&#39s annual meeting next April.Known as a strong defender of mutuality, Stewart is expected to resist any further attempts to […]


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