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Keydata bond takes 4m in three days

Keydata’s secure income bond achieved sales of 4m within three days of launch last week – the highest uptake of any of its products. It invests in corporate protection insurance policies and aims to pay a 7.5 per cent annual income over five years. It is designed to appeal to income investors who are put off by the perceived risk of equities or high-yield bonds.

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Friends marketing chief takes new role at Zurich

Zurich has recruited Friends Provident head of protection marketing Peter Hamilton with the aim of increasing its IFA market share. Hamilton joins Zurich as protection management director. His role puts him above protection development manager Gerry Warner, who was brought in from Standard Life last year. He is on gardening leave from Friends Provident and […]

‘Pru is not for turning’ on taking stakes in IFAs

Prudential will not use any of its 1bn war chest to buy stakes in IFA firms but will help to finance them, says UK chief executive Mark Wood. The firm’s trading update for the half-year shows a 50 per cent rise in UK and Europe sales to 541m on an APE basis, including the Phoenix […]

IoM sees 41.5% growth in managed funds

The Isle of Man sees increases in funds under management and banking deposits in the last year.The IoM Financial Supervision Commission reveals the island has seen 41.5 per cent increase in the net asset value of funds under management of collective investment schemes in the year to March 31, 2005.There is a 17 per cent […]

Japan: mid-year review and outlook

By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]

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