View more on these topics

Investec loses top fund manager

Investec Cautious Managed Fund manager Chris Burvill has quit the company after more than 10 years to join Gartmore.

He will be replaced by the £40m fund&#39s deputy manager Alistair Mundy, who will also take over the helm of the UK Value Fund. He has been with Investec since July 200 after spending 12 years at Commercial Union.

Burvill is thought to have been recruited by Gartmore to turn around its ailing equity income performance.

Recommended

HSBC Republic Investments – HSBC Republic Alternative Wealth Protector

Tuesday, 30 July 2002 Type: Fund of hedge funds Aim: Growth linked to the HSBC Republic wealth protector fund Minimum investment: Lump sum $10,000 Place of registration: Guernsey Investment split: 100% linked to the performance of the HSBC Republic wealth protector fund Guarantee: Capital returned in full at end of five year term Isa link: […]

Misys angers members with October deadline for getting G60 qualification

Mega-network Misys has outraged some members by forcing them to attain the G60 pension qualification by October if they want to continue advising clients on pension transfers and other retirement options.Misys&#39 new rules covering income drawdown, phased retirement, flexible annuities and transfers from occupational to personal pensions are laid out in a memo to all […]

Pru is optimistic despite profit fall

Prudential suffered a 15 per cent fall in group profits in the first half of 2002 despite its UK intermediary business growing by 5 per cent from £222m to £233m equivalent premium income.Group profits were down from £377m last year to £332m, due partly to a £146m loss from investing in US bonds.Although Pru&#39s free-asset […]

VAT is key to Sandler pay plans, says Sofa

Ron Sandler&#39s proposals for the remuneration of IFAs are easier to swallow than those outlined in CP121 as long as the Government sorts out the issue of VAT on fees, claims Sofa.Entering the fray between the professional and trade bodies on which set of proposals make it easier for advisers to remain independent, Sofa chairman […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment