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IFAs wait for indication on polarisation

IFAs are waiting for the first indications of the direction the reform of polarisation rules will take when the regulator meets industry representatives tomorrow.

A number of top IFAs are attending a meeting tomorrow where the regulator may give some clarification of its plans for changes to polaristation. The regulator is believed to be releasing research it has carried out n the IFA distribution channel.


Massow Rainbow Group suspends trading

Ivan Massow’s Massow Rainbow Group has suspended trading prior to a restructuring to be announced next week.Massow is reported on website saying he is trying to buy the company, of which he is a sleeping partner, back after an period of notional receivership. It says Louis Letourneau, managing director of the firm created out […]

Artemis aims to raise more VCT cash

Artemis is looking to raise an extra £20m for its AIM VCT, with the launch of a new subscription of ‘C’ class shares.Artemis launched its AIM VCT in January, raising a total of £33m in just under three months.The new subscription, which will open next month, would take the fund’s total to £53m. The minimum […]

Principality offers discount with cashback

Principality Building Society has introduced a five-year discounted rate mortgage for loans of up to 95 per cent of valuation.The discount option 5 mortgage has a 0.80 per cent discount until December 31, 2006, which gives a current payable rate of 5.15 per cent. There is no arrangement fee and a £250 cashback is given […]

Global funds seek UK haven

Two-thirds of unit trusts in the global growth sector reduced exposure to the US in August, according to Lipper&#39s monthly review of UK funds.Fund managers were looking to invest in the UK, with 60 per cent increasing their stake in UK equities.The move away from the US followed the decline of the S&P 500 index […]


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