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Minister urges pensions investment in developing countries

A Government minister is urging pension funds to invest more in developing countries.

It is also backing multi-national companies operating in developing countries who were targeted by anti-world trade organisation activists.

UK pension funds control assets of £800bn and own more than a third of the London stock exchange.

International development secretary Clare Short says: “We want to see the benefits of the great wealth being generated by globalisation reach the poorest countries.”


Egg launches fund supermarket

Egg has launched its online fund supermarket to its 940 000 customers promising to give cash back and rebates on initial fees up until April.The loss leading enterprise is thought to have cost tens of millions of pounds to create and opens four months later than scheduled.The move takes Egg into the intermediary market with […]

National IFA announces bumper year

National IFA Towry Law made a £3.1m profit in 1999 the highest since it floated in November 1993.The national IFA&#39s preliminary results for the year ending 31 December 1999 also show a 54% increase in turnover to £34.1m in 1999 from in £22.1m 1998.The firm says it took advantage of the fragmentation of the IFA […]

Winterthur monitors Jupiter fund performance

Winterthur Life has found that all of the funds within its Elite Managed funds still meet the performance criteria set when it lanched in November.The committee is keeping a close eye on the Jupiter fund, which despite its poor results recently has an excellent long term track record.Winterthur Life marketing manager Sandra Fulton says: “As […]

Woolwich extends rapid re-mortgages to advisers

The Woolwich rapid re-mortgage campaign is being extended to intermediaries with a guaranteed decision on behalf of their client within four hours.Ten thousand marketing packs for the deal have been sent out, offering a discounted rate of 6.2 per cent for two years and a fixed rate of 6.69 per cent for two years.Under the […]


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