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Money Management Council elects Davy as chairman

IFA network DBS chairman Ken Davy has been elected chairman of money education charity, the Money Management Council.

Davy takes over from former CII chairman Dr David Bland who is retiring. Davy has served on the MMC for 10 years and says he is delighted to lead the MMC at a critically important time for the financial services industry.

He believes one of the greatest strengths of the charity is its ability to bring consumer and industry representatives together to help the general public with money issues.


National insurance

The rate of employer&#39s National Insurance contributions reduces from 11.9% to 11.8%. The rate for employees is unchanged.Levels of National Insurance contributions for tax year 2002/2003 were set as follows:-(a)EmployeesThe Primary Threshold (ie. the threshold above which employee&#39s NI contributions are payable) is increased to £89 per week. The upper limit is increased to £585 […]

Assuresoft set to sign net deal with Cofunds

Assuresoft is close to signing a deal with Cofunds that will see its fund supermarket on the Assureweb portal. The deal will see Cofunds&#39 trading platform go head to head with Skandia&#39s My MultiFundshop, which is already available on the platform alth-ough Assuresoft says the move is designed to give IFAs more choice and wants […]

Brown rejects insurance model for NHS

The Chancellor of the Exchequer Gordon Brown appears to have ruled out private sector involvement in the health service, quoting from former NatWest chief executive Derek Wanless&#39 report into health funding which is published today.The announcement will dash the hopes of many private health insurers which argue that insurance should play a part in modernising […]

Close Fund Management – Close UK Index Growth Fund 2006

Tuesday, November 27, 2001.Type: Investment trust. Aim: Growth linked to the FTSE 100 index.Minimum investment: £1,000.Place of registration: Guernsey.Investment split: 100 per cent linked to FTSE 100 index.Isa link: Yes.Charges: Implicit.Commission: None.Tel: 0800 269824.


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