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Investment update

Schroders is offering a 2 per cent discount on its medical discovery fund until the end of March. The discount will reduce the fund&#39s initial charge to 3.25 per cent from 5.25 per cent. Annual charge of 1.5 per cent. Minimum investment is £1,000.

Artemis has set up a 24-hour online dealing service, enabling investors and IFAs to buy, sell or review their Artemis investments Valuations are updated daily.

Barclays Global Investors is pushing into the retail market with a new Oeic. The move follows a recent deal which saw BGI take responsibility for 10 unit trusts which were previously owned and marketed by Barclays Funds.

These have been incorporated into the Oeic, along with one tracker fund and a range of exchange traded funds or iShares. BGI will now also own and market the funds to retail investors. Seven of the funds have been made available through FundsNetwork this week.

Aegon is offering a 1 per cent discount on its new optimum income fund until June 30. The discount will reduce the initial charge to 3.5 per cent from 4.5 per cent. The annual charge is 1 per cent. Minimum investment limit is £500.

The fund, which was launched on Friday, will invest in a combination of investment-grade and sub-investmentgrade UK corporate bonds, and will aim to produce a gross redemption yield of 8.5 per cent.



Many company owners will be familiar with the benefits, in the shape of tax deferment and National Insurance savings, of extracting funds for personal expenditure from the business by way of dividend as opposed to salary. It is worth remembering that if a dividend is declared this side of April 6, the tax (at 32.5 […]

Age Concern closes final-salary scheme

Age Concern has become the latest employer to close its finalsalary scheme and slash its contribution levels for new members in favour of a moneypurchase scheme.The charity estimates it is having to earmark around 21 per cent of the salary budget to maintain the final-salary sch-eme, with an employer contribution of 16.5 per cent and […]

Credit Suisse First Boston – Global Titans Income or Protected Growth Plan 2

Type: Guaranteed equity bondAim: Income or growth by investing in a Jersey based companyMinimum-maximum investment: £7,000-no maximumTerm: Five yearsGuarantee: Capital returned in full at end of term regardless ofperformance of underlying investmentReturn: Choice of up to 55% growth, 10% income a year or 2.25%income a quarterInterest rate: 6%Closing date: April 8, 2002Commission: Initial up to […]

Isa investors not looking long term, says Charcol

The vast majority of investors lack a long term perspective towards their Isa investment, according to research commissioned by Charcol.The researchcarried out by Market Minder, shows 72 per cent of investors were not looking at their Isa as a long term investment.Charcol marketing director Candice Hodgson says: “It is worrying to see that so few […]


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