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House prices rocket

UK house prices rocketed by almost 10 per cent in the year to June, according to the monthly Halifax house price index.

The average cost of a house now stands at £92,122 after house price inflation leapt to 9.7 per cent from 7.3 per cent in May — the biggest rise since this time last year.

Halifax attributes the boom to low mortgage rates and unemployment but predicts slower economic growth to ease the pace of house price inflation for the rest of the year.


Gartmore – Stable Growth Fund

Wednesday, 11 July 2001.Type: Unit trust.Aim: Growth by investing in zero dividend preference shares.Minimum investment: Lump sum £1,000, monthly £50. Isa lump sum £3,000, monthly £50. Pep transfers lump sum £3,000.Investment split: 100 per cent in zero dividend preference shares.Isa link: Yes.Pep transfers: Yes.Charges: Initial 1.5 per cent, annual 1.5 per cent.Commission: Initial 3 per […]

LeggMason Investors appoints regional sales manager

LeggMason Investors has appointed Justin Eede as its regional sales manager.Eede joins from Invesco Perpetual where he was southern regional sales manager, and will work closely with LeggMason assistant director of mutual funds Andy McNulty in his new position.LeggMason managing director of mutual funds Paul Boughton says: “We are strengthening our sales team in order […]

Skandia bonds with pension trustees

Elms simply says that the commission is fair and reasonable.On the subject of the product literature, Bumford says: “It provides a satisfactory explanation of the contract details, however, given that the major selling point is the extensive range of investment options, client literature detailing the available funds and, more importantly, the associated charges would be […]

Independent View by Stephen Lansdown

Technology stocks may have taken a pounding over the last 18 months butthere is no doubt that technology has an important part to play in all ourlives, not just now but in the future too. The IT spend in my own firm has been in the millions over the last coupleof years as we seek […]

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


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