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Gilmour moves from Clerical to PosSol

Keith Gilmour has been appointed marketing director at Positive Solutions. He joins from Clerical Medical where he was head of distribution.


How CAR can backfire

Having thought that customer-agreed remuneration would be pretty straightforward to implement, I had something of a rude shock last week. I had recommended a personal pension which works along the basis of a fee, calculated bluntly but totally transparently as a deductible percentage of the first two years’ contributions. I had offered to take less […]

IMA revises yield requirement for UK equity income

Advisers and fund managers have welcomed the Investment Management Association’s changes to its UK equity income and UK bond and income sector definitions.Funds in the UK equity income sector must now reassess the way yield is calculated, with the aim to achieve in excess of 110 per cent of the distributable income of the FTSE […]

Friends Prov offshore fund launches

Friends Provident International has launched an 80 per cent global growth protector fund.It says the fund aims to generate unlimited returns from a dynamically managed basket of equity assets at the same time as protecting against downside risk, using fixed interest and deposit investments. The fund is backed by BlackRock and HSBC, providing an exciting […]


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