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ICS opens way to compensate clients of four more firms

The Investors Compensation Scheme is opening the compensation procedure for customers of four former investment firms.

The four firms are The Fellowship Investment Company ltd, City and West End Pension Consultants, Watkins Insurance and Campbell Financial Services Plc.

The ICS is declaring the firms in default because it is satisfied that they themselves are likely to be financially unable to meet the investment-related claims against them.


Barclays guarantees its surveys for borrowers for first 3 years

Barclays is offering West Midlands home buyers a free three-year guarantee against problems that could arise after they have moved in.The lender says it will cover home buyers in the West Midlands, who arrange their mortgage and survey through them, against any hidden defects that arise in the first three years that were not noted […]

Norwich Union launches savings tracker fund

Norwich Union has launched a Savings Tracker Account that will track the interest rates offered by up to 12 leading providers of comparable deposit accounts. Initially the account will only be available to customers wishing to reinvest all or part of the proceeds from a maturing policy or pension. The minimum investment is £1,000.

Guinness Flight Hambro – Investec merger finalised

The official merging of Investec Asset Management and Guinness Flight Hambro went through last week, to form Investec Guinness Flight.The new group becomes a wholly owned international fund management arm of South African bank Investec Group Limited.Guinness Flight was targeted by Investec in April when the Bank of Yokohama offered Guinness Mahon for sale at […]

Schroders urges investors to keep faith with emerging markets

Schroders is urging investors to keep faith in emerging markets because they still represent an attractive long-term investment.But the fund manager says investors should continue to view emerging markets as a riskier more volatile investment compared with the more stable markets of Europe and the US expected throughout 1999.It believes that the year 2000 will […]


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