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M&G writes to firms over dividends

M&G is sending a letter to major UK companies outlining its belief that dividends should not be cut to finance internal investment opportunities. The letter, written by chief executive Michael McLintock, says M&G does not believe slashing dividends will alter the market&#39s view of companies&#39 growth prospects and could risk lowering their share price. It says there are cases where paying a dividend is inappropriate but that in general the case for paying them is strong and well supported.

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Legal & General – Select Isa

Tuesday, 08 October 2002 Type: Unit trust mini or maxi Isa Aim: Growth by investing in unit trusts and corporate bonds Minimum investment: Lump sum £500, monthly £25 Maximum investment: £7,000 Catmarked: No Investment choice: UK index, US index, European index and fixed interest trusts Charges: Annual up to 0.75% Commission: Initial 1% for lump […]

IFAs say Axa sneaked out second bonus declaration

IFAs have accused Axa of sneaking out a second interim bonuses declaration which sees payouts on with-profits slashed for the third time this year.The life office blames the latest cuts of 2 per cent to 8 per cent for bonds and up to 7 per cent for pensions on the falling stockmarket.In its annual declaration […]

90 per cent of IFAs going through supermarts

More than 90 per cent of IFAs are placing business though fund supermarkets, according to Cofunds. Its survey of over 200 advisers found that 94 per cent are placing client&#39s investments through supermarkets, with two-thirds saying they expect the amount of business they process in this way to rise over the next 12 months. Reduced […]

CIS to publish voting record

CIS is to publish all its voting decisions online in a drive to promote responsible shareholding among institutional investors.The initiative was launched at a seminar on social responsibility at last week&#39s Labour conference. CIS says it is the first institutional investor to make this commitment. The move was welcomed by Labour MP and chairman of […]

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