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Martin Currie Smaller Companies Investment Trust restructures

The shareholders of Martin Currie Smaller Companies Investment Trust are proposing to reconstruct the company. If approved, shareholders will have the choice of rolling over their investment into a new split-capital trust called the Martin Currie Enhanced Income Trust or they can take cash.

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Corporation of Insurance & Financial Advisers in name change

The Corporation of Insurance & Financial Advisors has changed its name to the Corporation of Insurance, Financial & Mortgage Advisors. The trade association was initially formed in 1968 as the Corporation of Mortgage Brokers. The change was announced at its annual lunch last week.

Sun Life of Canada appoints new head of auditing

Sun Life of Canada has appointed Tony Watts as head of audit. He will take over from John Webb, who will now carry out various special projects for the company.Watts has previously worked in similar functions for Morgan Grenfell and Deutsche Bank.

Building Societies trailing banks on instant access rates

Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.

Scottish Friendly Assurance launches Oeic

The Scottish Friendly Assurance is launching an Oeic as part of an Isa range.The Oeic sub fund will be called the Scottish Friendly Managed Growth Fund.The fund&#39s investment management team will be headed by Julian Fosh. The investment spread will be 56 per cent UK equities, 12 per cent fixed interest, 27 per cent and […]

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