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MPs don’t see IFAs as professionals

A survey of 121 MPs by the Chartered Insurance Institute found that just 18 per cent rate financial services as good or very good in terms of professionalism.


Inflation hits 3.3 per cent

Bank of England governor Mervyn King has written to Chancellor Alistair Darling after Office for National Statistics figures show inflation hit 3.3 per cent last month, far above the 2 per cent target.

F&C switches to Veritas for equity income

The F&C multi-manager distribution fund has switched out of the Schroder global dividend maximiser fund in favour of a 2.5 per cent holding in the Veritas global income fund.

The new 90% club

Ten-baggers were shares, most usually in high-tech providers or internet start-ups, which had multiplied in price tenfold. The 90 per cent club comprises firms that see their share price collapse to less than 10 per cent of their earlier high.


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