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M&G offers roll-over options for Income Investment Trust

M&G is offering its Income Investment Company and Corporate Bond funds as roll-over options for its Income Investment Trust, which winds up on October 11.

Shareholders in the £440m trust will also have the option to cash in their investment, or can opt for a mixture of the three options.

The fund is one of the UK’s largest investment trusts, and has delivered a return of around 11 per cent a year since its launch in October 1991.


Fund firms reassuring investors over safety of zeros

Leading fund managers are fighting back against speculation that the split-capital investment trust industry is in danger of spiralling out of control. Last week, Framlington wrote to its IFA clients to reassure investors in its recently launched absolute growth fund, which invests in zero-dividend prefer- ence shares, that they should not be alarmed by negative […]

EAxa retreats on selling rival plans

Axa has shelved plans to sell competitors&#39 products with the aid of online advice on its proposed new website. The-commerce project, known internally as eAxa, stirred IFA concern that it could pave the way for an online multi-tie, when Money Marketing revealed the life office&#39s plans in January. The website was initially to sell life […]

Virgin goes on the road with Misys

Virgin One is teaming up with Misys IFA Services to hold roadshows showing the benefits of holistic banking to the network&#39s members. The current account and mortgage lender is also promoting the value of independent advice by mailing tens of thousands of customers to help them find an IFA in their area. Virgin, which has […]

Outside edge

I recently had the benefit of a discussion with a senior person at IBM who used an analogy to explain that sudden change often provokes more action than when it is gradual. It concerned a frog sitting in his cold-water pond who jumps out when boiling water is poured in but remains in his pool […]


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