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Invesco and Perpetual pensions to merge

Invesco-Perpetual, which merged in October 2000, says it intends to combine the existing range of Invesco and Perpetual funds by Autumn this year.

David Butcher, currently head of the company&#39s recently launched defined contribution business, will become managing director of the combined businesses.

Butcher says: “Within these two businesses we will have investment expertise in both retail and institutional markets, experienced member communication specialists and an excellent administration service, including internet based administration solutions.”


Taxing affairs

Close Fund Management&#39s FTSE Euro eTX fund is an Oeic that tracks the FTSE eTX Euro 50 index comprising 50 small to medium-sized European technology companies. Examining how the fund fits into the market, Parvaneh says: “There has been a gap for a pure Euro tech fund so far. This will fit very well.” Dilke-Wing […]

SocGen sets up IFA bond office

French banking giant Societe Generale is launching an IFA-only UK life office specialising in products such as offshore bonds. Inora Life will be a pan-European life office although it plans to remain a niche player in the market. It will be based in Dublin to take advantage of offshore tax breaks on finan cial products. […]

Singer & Friedlander credit ratings increased

The financial ratings for Singer & Friedlander Group and its principal banking subsidiary, Singer & Friedlander Limited have been raised by Fitch IBCA, the independent rating specialists. The short and long term ratings for S&FG and S&FL have been increased to F1 and A from F2 and A- respectively. Fitch IBCA defines a bank rated […]

IFAP using TV and press to push adviser message

IFA Promotion is targeting consumers with a national press and digital TV ad campaign started this month. The campaign aims to encourage people to visit an IFA. After last year&#39s TV ad trial, IFAP decided to create an identity with which consumers could identify. Consumer research found the most suitable personality for IFAP would be […]


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