Gross investment in National Savings’ products increased £931m in June 2000. Savings have now reached £2.6bn this year in its range of income bonds. The Government body says it has attracted £62.7bn in investment in total.
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DBS holds back on stakeholder guide
Network DBS is refusing to construct pre-stakeholder best-buy guides for its members because it claims it does not have enough details about stakeholder.DBS's strategy is in sharp contrast to rival Misys which recently set up a pre-stakeholder panel of six so it can hit the ground running when stakeholder is introduced.DBS says the only certainties […]
Pension details must be simpler
As practising IFAs, we have become increasingly concerned with this Government's continuous changes and additions to pension legislation.Since 1997, we have seen the abolition of ACT relief and the replacement of Serps which has increased the cost of retirement funding. We now have the introduction of stakeholder pensions, concurrency and the new investment instrument, the […]
Downing Corporate Finance i-Net VCT – 27th July 2000
Aim: Growth and income by investing in technology stocks.Minimum investment: £5,000.Closing date: September 12, 2000.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 2.5 per cent.Tel: 020 7411 4700.
R&SA to review £1bn in orphan assets
Royal & Sun Alliance is the latest life office to set up a review into distributing its orphan assets.R&SA says it has about £1bn in orphan assets and has around 450,000 with-profits policyholders who could be eligible for handouts.But the company claims it is likely to be a “long and complicated process”.It says the surplus […]
Graphic content – October; Italy and the global economic downturn
By Kacper Brzezniak As the International Monetary Fund (IMF) downgrades the global growth outlook YET again (which is becoming a recurring theme, as we discussed here a year ago), we turn our eyes to Italy’s current economic disaster. Italy has recorded exceptionally weak growth in recent years but, in order to get a better understanding […]
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Directors disqualified over fine wine investment scam
Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell wins Sipp charges complaint
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
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