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 […]

PIA suspends Manchester-based Barclay Scott & Co

The PIA has issued an Intervention Notice against Barclay Scott & Co which will prohibit it from soliciting or conducting regulated investment business.The regulator says the firm may not be complying with its financial resources requirements and may not be able to meet the liabilities as they fall due.It says the firm has also failed […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com