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Husselbee joins Neptune

John Husselbee has joined Neptune to head up a new and independent multi-manager subsidiary.

Husselbee left Henderson Global Investors, where he was director of multi-manager, earlier this year.

Neptune managing director Robin Geffen says he believes in the multi-manager concept with an increasing number of clients and intermediarties looking to use such products.

The new subsidiary will operate an independent structure under a new and non-conflicting brand.


Child Trust Fund prompts savings for older children

The Nottingham Friendly Society says parents of older children have been spurred into saving by the Governments publicity surrounding CTFs.Sales of the building societys second step tax exempts savings plan (TESP) doubled in the wake of government advertising for CTFs. Nottingam Friendly says parents of children too old to invest in CTFs are more likely […]

MPC announces base rate cut to 4.5 per cent

The Bank of England’s Monetary Policy Committee announces base rates will fall to 4.5 per cent.This is a fall to the same level as June 2004.CML deputy director general Peter Williams says: “The rate cut will provide a welcome boost to consumer confidence and therefore help underpin the recent soft landing of the housing market. […]

Buckles in deal to offer Fofs via AIG

IFA firm Buckles has made its Snowdonia funds of funds available through AIG Life after finding that insurance companies with their own multi-manager products did not want to establish external fund links.


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