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New income fund from Nationwide

Nationwide is launching an income fund, aiming to return 6.5 per cent year through investing in UK corporate bonds and fixed interest securities.

The fund, managed by Merrill Lynch Investment Managers, is Cat-marked and available as an Isa, with a minimum investment of £500 and a 1 per cent annual management fee.

Nationwide Unit Trust Managers managing director mark Jenkins says: “In the current economic climate we recognise that there is a need for a product which generates a particularly high rate of income for investors with the minimum of risk.”


Deutsche goes for corporate bonds

Deutsche Asset Management Deutsche Corporate Bond + Fund Aim: Income by investing in investment and non-investment grade bonds. Minimum investment: Lump sum £1,000 class A shares, £500,000 class B shares, monthly £25 class A shares. Investment split: Investment grade bonds 80 per cent, non-investment grade bonds 20 per cent. Yield: 5.85 per cent. Isa link: […]

Mass affluent branded &#39meaningless jargon&#39

The financial services industry has acted recklessly in trying to create the so-called “mass affluent” market, according to comdirect.The comments follow findings from an opinion poll commissioned by the German online stockbroker, which revealed more than one in two Britons have no idea what “mass affluent” really means.It argues the move by many financial service […]

Hopes rise over rethink of pensions price cap

The Treasury is believed to be reconsidering the 1 per cent charge cap on stakeholder, according to senior industry sources.Money Marketing has been informed by industry insiders that the Government is rethinking the cap imposed on stakeholder and possibly Catmarked Isas and is planning to issue a consultation document or policy statement before the end […]

Premier hopes to x-cel

Premier Fund Managers has introduced the Premier x-cel portfolio.The x-cel portfolio is a discretionary portfolio management service aimed at investors who have a minimum of £150,000 to invest and who are looking for growth.Each client will be assigned a personal investment manager by Premier, who will assess any stocks they already hold and agree with […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


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