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Investment Update

u Henderson Global Investors is expanding its fund of funds range with the independent distribution, independent balanced and independent international portfolio funds. They have no initial charge and pay 3 per cent commission.

uLegal & General is offering two new Isas with fixed-rate returns over five years. The performance bond Isa gives an annual income of 7 per cent or capital growth of 40 per cent after five years. Capital is fully returned if the FTSE 100 stockmarket index does not fall below its initial level in the last three months of the term. The secure bond Isa has no stockmarket exposure and will give 28 per cent capital return after five years or a 5 per cent income a year for five years.

uAberdeen Asset Managers is introducing an American monthly income Isa. It invests in Aberdeen&#39s American Monthly Income Trust, has no brokerage fee and an annual charge of 0.5 per cent.

uGartmore is changing the investment strategy on its UK income fund to qualify for inclusion in the UK equity income sector. It will invest in a portfolio of income-bearing equities and its holding in bonds will be reduced to 10 per cent.

uNDF Administration is linking up with Credit Suisse First Boston on a hedge-fund-linked product. The Dublin-based protected hedge growth plan aims to achieve capital growth over six year term with capital protection. Minimum investment is £7,000.


Baring Asset Management – Leading Sector Fund

Tuesday, 27th February 2001.Type: Unit trust.Aim: Growth by investing in the financials, technology, healthcare, telecommunications and media sectors.Minimum investment: £2,500, $5,000, Euros 3,500.Investment split: Financials 33.6 per cent, technology 25 per cent, healthcare 20.9 per cent, telecommunications 13.9 per cent, media 6.6 per cent.Isa link: Yes.Pep transfers: No.Charges: Initial 5 per cent, annual 1.5 per […]

Loan arrangers in showdown

Legal & General&#39s claims to have written £8.1bn of mortgage business last year have been met with surprise from rivals. Rival experts say L&G&#39s results, up from £7.2bn in 1999, seem high and are questioning the way they are calculated. Scottish Amicable national mortgage manager John Malone is surprised by the figure which gives L&G […]

O come, all ye party faithful

This is set to be an unusual Budget in that few commentators expect a fully fledged Finance Bill to have time to wend its way through Parliament before a general election. It is in the details of the bill that the really interesting items for advisers can often be found. Will there be sweeteners for […]

Polar eclipse

The consultation on the FSA&#39s paper CP80, Reforming Polarisation: First Steps, is taking place under an industrywide mood of resignation. The fear is that the exercise is being carried out to help stakeholder pensions rather than to improve financial services. Under the proposals for the first stage of reform, polarisation for sales of stakeholder pensions, […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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