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Investment fund sales boost for New Star

New Star Asset Management took more than 10 per cent of gross retail

investment fund sales last month following the launch of its UK and

European growth funds on July 2. The two funds raised a total of

£243.5m in retail sales during the month, accounting for 10.7 per cent

of the £2.28bn of all unit trust and Oeic sales. New Star is set to

launch several more funds before the end of the year.


Friends seeks IT support in skill shortage

Business solutions firm CMG Admiral has won a £1m contract withFriends Provident to ease the shortage of skilled staff in its ITdepartment. Admiral is set to provide Friends with business support in areas includingits recent demutualisation and development of its stakeholder range. Friends says it does not have the internal IT resources to cope in […]

Your client&#39s future is in the balance

Over the last few weeks, I have been looking at certain aspects of pensiondrawdown which might have escaped the attention of retirement incomeadvisers. Among the issues I have examined, improvements in life expectancy and therisk of interest rate reductions should both be acknowledged as adverselyaffecting any decision in favour of drawdown. Against this, last week […]

Sterling idea to buy Florida holiday home

Abbey National&#39s specialist lending arm First National is breaking intothe US property market by offering sterling mortgages to borrowers lookingfor a holiday home in Florida. First National claims the move marks the first time that a UK lender hasprovided sterling loans for homes in the US. It is offering threeand five-year fixed rates and tracker […]

KMC offers new loan range

Sub-prime lender Kensington Mortgage Company is offering a raft ofnon-conforming fixed and discount rate loans for borrowers with minorcredit difficulties. The lender, which floated on the London Stock Exchange last November, hasset up seven loans which it believes will attract a more diverse range ofborrowers. Available for purchase or remortgage, the loans are fixed until […]


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