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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.

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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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