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IFS targets university students with fantasy investment challenge

The IFS has launched a scheme for university students which gives them a fantasy £100,000 to invest in the stockmarket over a threemonth period, with the overall winner picking up £9,000.

This is a more sophistic-ated version of the IFS’s student investor challenge which has around 30,000 students aged between 14 and 19 investing in the stockmarket.

The participants in the Uni investor challenge will learn about shares, bonds and gilts among other subjects.

The top-performing portfolio holders will then have to write an essay setting out how they chose their stocks.

There is also a postgrad-uate league, with a first prize of £3,000 as well as monthly prizes throughout the challenge.

IFS School of Finance director Anne Kiem says: “The IFS Uni Challenge is a useful tool in educating about finance, giving students a practical insight into stockmarkets, savings and investments.

“Any university student, no matter what subject they are studying, can participate in this free online challenge and they could win a substantial sum of money – greatly easing the costs of a university education – while improving their knowledge of investments.”


Cru sets up trio of Guernsey funds

Cru Investment Management, a Cardiff-based absolute-return investment firm, has set up three new Guernsey funds. The funds, will invest in private equity, private finance and sustainable opportunities.

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This week by Marc Webber, assistant news editor and editor of Sun Money online.

Kaszczak joins Lehman Brothers

Lehman Brothers has appointed former RBS stalwart Louis Kaszczak as its intermediary business development executive. Kaszczak, who quit as head of corporate distribution at RBS Intermediary Partners last October, will work across Lehman’s three mortgage brands.

Standard concern at business outflow

A leaked memo from Standard Life has revealed the extent of the company’s concerns about lost business since flotation.It was sent to an IFA to justify guidance sent by the firm to with-profits customers since December 2006, entitled, Moving away could damage your wealth.The candid email admitted that the company has been losing a lot […]


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