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M&G offers discount on Fof range

M&G will offer a 1 per cent discount to investors in its Cazenove-managed fund of funds range when it launches next week.

The initial charge on M&G&#39s growth, balanced and UK growth portfolios will be discounted to 3 per cent from 4 per cent until April 5, although its annual charge will remain at 1.5 per cent. Commission is 3 per cent with 0.5 per cent trail.


Northern Rock launches new fixed rate bonds

Northern Rock is launching three new limited issue fixed rate bonds.The bonds will bear interest rates of 4 per cent for one year, 4.15 per cent for two years and 4.3 per cent for three years.They will be available by postal applications or through Northern Rock branches from January 8 on investments of at least […]

Warnings of backlash on multi-manager fees

Fund-of-funds providers could face resistance from investors if theycontinue to hit them with costly and obscure charges in falling stockmarketconditions, IFAs claim.Research conducted for Money Marketing reveals that third-party fundmanager fees and attributable expenses continue to raise total expenseratios for many multi-managers to between 2.5 and 3 per cent a year.The worst offender is Artemis, […]

Radical Revenue clears the way

So we have finally got sight of the long-awaited Pensions Green Paper and,crucially, the results of the review undertaken by the Inland Revenue.The Green Paper contained few surprises, with most of it having beentrailed in advance, but the Revenue review is very helpful and should leadto simplification if implemented. We should remember that these are […]

Smith made deputy sales director at Scottish Life

Scottish Life is promoting Jim Smith to the newly created position of deputy sale director from his former role as head of promotion and e-business.Smith, who was formerly head of remote distribution at NPI and assistant executive director, sales at Abbey Life, will report to sales director Jim Gilchrist.Scottish Life chief executive Brian Duffin says: […]


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