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M&S tops Money Marketing Pep survey

Marks & Spencer&#39s UK 100 Companies Fund is celebrating its position as the best value for money pep in the latest Money Marketing survey.

The one-year fund has been ranked first for producing a return of £468 after charges on a £6,000 investment. This was over £500 higher than the worst fund in the category.

The three-year fund was also ranked first for producing a yearly growth of £517 from a £7,000 investment. This was £750 higher than the worst fund in the sector.

Marks & Spencer&#39s Financial Services head of marketing Jenni Stott says: &#34Customers are turning to us because of the high quality of service, cost-effective products and low charges.&#34


Tories attack ISA retreat

The Government has watered down its commitment to extend savings to a further six million people through individual savings accounts, according to the Tory party.In a response to a Parliamentary question two weeks ago by Tory Treasury spokesman Nick Gibb, which raised the question of six million extra savers, Prime Minister Tony Blair avoided mention […]

Aon says healthcare insurance inflation running at six per cent

Private Medical Insurance inflation is running at six per cent according to the latest survey by Aon Consulting.The healthcare intermediary surveyed 875 companies covering 315,000 insured members.It found that most common single premium rate ranges between £251 and £300 a year. The survey shows that the market is dominated by two companies PPP Healthcare and […]

Soc Gen to launch equity unit trust next year

SocGen Asset Management says it will launch an equity unit trust in February next year to be managed by joint managing director Nicola Horlick.SocGen has launched three retail funds this year, covering UK Growth, Technology and European Growth.It has delayed the launches of several other retail funds because of the market volatility.

General Motors finance subsidiary buys Private Label

GMAC-RFC, a mortgage subsidiary of US car giant General Motors&#39 financing company, has beefed up its UK distribution with the acquisition of Private Label.Private Label will now be backed by a global finance company with assets of around US$110bn as it embarks on a growth strategy that includes boosting its services to IFAs.Private Label chairman […]


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