View more on these topics

Gartmore&#39s SNT to rollover




Type: Split capital investment trust.

Aim: To provide capital growth and/or income through investment in UK equities.

Minimum investment: £1,000 per share class.

Investment split: 90 per cent blue chip UK equities and 10 per cent in investment grade UK debt securities.

Types of share: Zero dividend, capital and income. Also for new investors a capital combination unit is available made up of capital and zero dividend shares.

Yield: Income shares – initial 9.2 per cent, zero dividend – redemption 8 per cent.

Redemption date: September 30, 2005.

Pep link: Available.

Charges: Initial – 2.5 per cent, annual – 0.6 per cent, for Peps through Gartmore&#39s Pepit – initial 1.5 per cent for capital and income shares and 1.75 per cent for capital combination, annual – 0.5 per cent.

Offer period: Until September 25, 1998.

Commission: Initial – 1.5 per cent on income and capital shares and 1.25 per cent on capital combination units. Pepit investments – initial 3 per cent, annual 0.5 per cent.

Tel: 0800 212433.


One third of pension funds risk Year 2000 failure

Over one third of pension plans are at risk of software systems failure on 1 January 2000, according to the latest survey.The Jardine Reeves Brown survey looks at how plans are meeting the requirements of the 1995 Pensions Act.The survey found that 66 per cent of schemes have obtained undertakings from their software suppliers about […]

TSB Bank Scotland fixes until October 2003

TSB Bank ScotlandFIXED RATE MORTGAGESFixed term: Until October 31, 2003.Fixed rate: Option one – 6.39 per cent, option two – 6.69 per cent, option three – 7.25 per cent and option four – 6.99 per cent.Minimum loan: £15,001.Maximum loan: Options one, two and three – up to 95 per cent of valuation subject to a […]

N&P take Quantum leap

HIGH INTEREST ACCOUNTSNorwich & PeterboroughQUANTUM ACCOUNTType: High interest account with guaranteed interest rates rising each year.Minimum-maximum investment: £5,000 – £15,000 single or £30,000 joint.Interest rates: 5.5 per cent until September 30, 1999, 6.25 per cent until September 30, 2000, 7 per cent until September 30, 2001 and 8 per cent until September 30, 2002.Term: Until […]

Gartmore SNT rollsover and offers Capital Combination Units

Gartmore&#39s second split capital investment trust, provides a rollover vehicle for investors in its existing Scottish National Trust, which is due to reach the end of its seven year investment cycle on September 30, 1998.The company hopes Gartmore SNT will attract a further £100m from the £530m invested in the original trust. This is in […]

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


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 thought leadership.

    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