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Investment update

JP Morgan Fleming is waiving the 1 per cent transaction charge on all lump-sum business into its investment trust Isa range until April 30. Minimum investment is £1,000. Annual charge is 1.5 per cent.

Teather & Greenwood launched its new UK smaller companies fund this week. The fund, managed by John Sweet, invests in a portfolio of around 60 stocks. Initial charge is 5 per cent and annual 1.4 per cent. Minimum investment is £500 or £50 a month.

London Pacific Assurance is offering a guaranteed single-premium invest- ment bond. It will target risk-averse investors and has a guaranteed minimum return of 3 per cent a year, regardless of rises or falls in the stockmarket. The yield will be recalculated each year, with the first year promising to return 5 per cent. Minimum investment is £5,000. There will be an admin charge of £3 a month. Commission is 5 per cent.

Dresdner RCM has launched a new gilt to equity Isa, which will gradually invest clients in equity markets over the coming year. The Isa has been designed for nervous investors. Initially, investments will be put into Dresdner&#39s gilt yield trust before being dripfed into either the Dresdner UK equity or equity income funds over the next 12 months. Initial charge is 3 per cent and annual charges vary between 0.5 and 1.25 per cent as the mix between funds changes. Minimum investment is £7,000.


TEPs: Tep forward for annuity alternative

The ruling that obliges all members of money-purchase company pension schemes and holders of personal pensions to buy an annuity at or before age 75 has caused much concern among the financially conscious population.People are forced to buy an annuity with accumulated pension funds knowing that if they die soon after buying the annuity most, […]

&#39Take Isas guides with a pinch of salt&#39

The FSA has issued a warning to consumers over Isa guides, telling them to make sure they “take them with a pinch of salt.” FSA head of consumer education Deborah Arnott said consumers should always read the fine points and resist sending off a cheque straight away. Last year, FSA managing director John Tiner said […]

Nationwide first in company stakes

The financial services company with the highest profile in the media last year was Nationwide Building Society, according to Presswatch.Based on its monthly measurement of media coverage, PWFP says the high volume of mentions achieved by Nationwide throughout 2001 helped it maintain its reputation with “positive reporting of its products, in particular, its savings and […]

Low-margin business unsustainable, say IFAs

IFAs say low-margin mass market business such as stakeholder is not sustainable, according to this week&#39s instalment of the Money Marketing/Virgin One State of theIFA Nation poll.The survey canvassed the opinions of 280 advisers, with 75 per cent saying that mass-market business is not aviable option.IFAs believe their future lies in more specialist areas and […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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