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Manchester Building Society receives MTA

Manchester Building Society Mortgage Brokering Services has received its minded to approve letter from the FSA.

General manager Neil Armitage says he is “delighted” it has received the letter relatively quickly and that he thinks it is one of the first smaller networks to do so.

He says: “It will help with our recruitment of appointed representatives. A key marketing tool we have used it to say we are a building society and already talk to the FSA and will get approved. This letter is the proof.”


Invesco Perpetual – Aim VCT

Type: Venture capital trust Aim: Growth by investing in companies listed on the Alternative investment market Minimum investment: Lump sum £2,000 Closing date: September 30, 2004 Charges: Initial 5% annual 2% Commission: Initial 3% or initial 2.25% plus 0.375% renewal Tel: 0800 028 2121

Merrill Lynch top manager for charity investments

The Charities Aid Foundation has published the 25th edition of Charity Trends and found Merrill Lynch to be top of the league for managing investments on behalf of the top UK charities. In the period 2002-2003, Merrill Lynch managed 9 per cent of the £27.4bn handled by 110 investment managers. Gartmore Investment Management, managing 5 […]

Meeting the cost of care

Jane&#39s mother Pat, who is 79, has been diagnosed with Alzheimer&#39s disease and is going to have to go into a special-care residential home. This is going to cost £800 a week and Jane is looking for a straightforward way of paying for it. She has been advised that the nature of the illness is […]

SG Asset Management – SG Sterling Bond Fund

Type: Oeic Aim: Income by investing in UK government bonds and other sterling-denominated fixed-interest securities Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in government bonds and other sterling-denominated fixed-interest securities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 0.75% Commission: Initial 3%, renewal 0.25% Tel: 0808 1007426

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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