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LV= launches three Isa multi-manager funds

LV= Asset Management has opened up three new multi-manager funds in a bid to take advantage of the Isa season.

LV= diversified income, balanced managed and stockmarket have all been launched into the retail market with an Isa wrapper in a bid to target investors seeking to move into funds following the fall in interest rates in the UK to 1 per cent.

Returns paid on cash Isa’s are now at the lowest point since records began, standing at 1.94 per cent on average, down from 5.23 per cent 12 months ago.

Those buying prior to the close of the Isa season on April 5, 2009 on the LV= website will have their initial charge reduced to 2 per cent. Minimum investment is set £1,000 while monthly payments are set at £100.

LVAM head of multi manager Tom Caddick says: “Knowing that this tax year’s Isa allowance will be gone for good on April 6 puts pressure on investors. While it is impossible to say if markets have passed the rock bottom point yet, I am confident that we will look back at 2009 as a time of great opportunity for those willing to take a long-term view.”


Sovereign risk is key structured issue

Jubilee Financial Products says the credit rating of a structured product issuer should be less of a consideration for advisers than the government that backs the bank.

Equity falls hit Widows’ WP bonuses

Scottish Widows has cut bonuses by up to half after its with-profits fund fell by 17.5 per cent in 2008 due to a 54 per cent exposure to equities and property.

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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