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I don&#39t want to go to Chelsea

Cross-dressing is something that Money Marketing assumed was reasonably rare among fund managers (as in less than 10 per cent sport both a beard and lipstick) until recently, when the Diary was enlightened by Threadneedle communications director Richard Eats.

It transpires that, as a wannabe Glam Rock star in the 1970s, Richard strutted his way to see Chelsea FC play at their Stamford Bridge ground, resplendent in his mother&#39s old fur coat.

Despite its proximity to the Kings Road, Richard apparently found the fans in the notorious Shed end of the ground less than impressed by his sartorial statement and he spent much of the game being barracked about his choice of overcoat.

Richard, however, remains philosophical about his experience: “I think it must have been the ear-rings”, he explained to the Diary.


Irish stakeholder has an initial charge of 5%

The Irish government is going ahead with its version of stakeholder pensions with a 5 per cent initial charge and 1 per cent annual charge.The Irish Pension Board will this week approve the new standard personal retirement savings account that is being billed as a low-cost option for people without a pension.UK product providers say […]

AITC says scrap VAT on trusts to boost savings

The AITC is urging the Government to abolish VAT on the management services supplied to investment trusts, arguing that it reduces their competitiveness compared with Oeics and unit trusts.In its response to the Government&#39s consultation on the way that VAT is levied on pension and investment funds, AITC technical director Ian Sayers says scrapping the […]

Product matters

For clients wanting to take some risk, the NDF protected income plan 1 offers a very attractive rate of income for the level of risk to capital.As this plan was priced before the recent interest-rate cut, the annual income level of 7 per cent for five years (or 0.54 per cent monthly income) seems even […]

Warning that PI firms will oppose early split-cap payouts

Companies which try to heed FSA calls to pay early compensation to investors in collapsed split-capital investment trusts will face strong opposition from professional indemnity providers, warns law firm Reynolds Porter Chamberlain.The law firm, which specialises in insurance, says PI firms will fight early payout moves as they are under no obligation to cover costs […]

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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