View more on these topics

Hewitt extends Oeics conversion deadline for stamp duty exemption

Treasury economic secretary Patricia Hewitt has announced the extension of the stamp duty exemption for authorised unit trusts merging into Oeics.


The exemption has been extended from the current 30 June 1999 deadline until a year after the Treasury&#39s Oeics 2 regulations come into effect. The Treasury has yet to set a date for publishing these rules.


The move will be welcomed by fund managers many of which are waiting for the second tranche of regulations before progressing with conversion plans.

Recommended

Canada Life aiming to double single premium pension sales

Canada Life IFA Division is increasing allocation rates in an attempt to double its market share in the single premium pensions market.It says it is increasing the allocation rate of both its Flexible Pensions Bond and Trustee Investment Bond by 1 per cent until April 5 1999.It says fee based IFAs will be able to […]

Portman withdraws oversubscribed bond from sale

Portman Building Society is withdrawing its one-year fixed-interest bond because it has been inundated with inquiries.The bond was launched three weeks ago with an interest rate of 6.5 per cent gross per year.Portman spokesman Mike Dobson says: &#34Demand has been extremely heavy and this pressure has forced us to replace the product.&#34It is being replaced […]

UK policy: Kate Moss and short-termism

“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.

Read more


Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment