View more on these topics

New Schroder fund gives to cancer research

Cancer researchers will benefit from fees raised by a healthcare investment fund to be launched this week.


Schroder Unit Trusts says it will donate half the initial fees raised and then make annual donations worth 0.25 per cent of the fund&#39s value to the Cancer Research Campaign.


The Medical Discovery Fund will invest for long term growth in pharmaceuticals, medical technology, healthcare services and biotechnology stocks. The initial fee is 3.25 per cent until June 9.


Cancer Research Campaign director-general Gordon McVie says: “I am delighted that the campaign is to benefit from contributions Schroders will make as a result of the Medical Discovery Fund.”

Recommended

Friends wins IT award for pension package

Friends Provident has won the British Computer Society&#39s award for information systems management.The life office won the award for its new generation pensions package which is a stakeholder-compliant pension plan administered using the latest technology. It beat Isis Alliance, which provided the computer systems for a North Sea gas pipeline and for Halifax&#39s banking software.Remote […]

Lincoln in dual link for Luxemburg bond

Lincoln Financial Group has joined up with Luxemburg life office Sogelife and SG Hambro to offer tax benefits and investment management through its new Luxemburg-based bond.The Lincoln Privilege bond is a single-premium non-qualifying whole-of-life policy iss-ued by Sogelife. Fund management is provided by SG Hambro Bank & Trust.The bond offers the choice of three managed […]

CA in commission plea on endowments

High commission paid to IFAs should instead be used to meet customers&#39 endow-ment shortfalls, says the Consumers&#39 Association.The CA&#39s intervention comes as some of the UK&#39s biggest life offices embark on a commission war to win market share ahead of the onset of stakeholder pensions next April.Many of the providersinvolved are also writing tocustomers, warning […]

Conservatives continue fight over FSA

Conservative Peers plan to try and force the Government to amend the Financial Services and Markets Bill one last time today.Despite having defeated the Government over a number of other areas of the extensive legislation, the Tories still have major concerns that they want addressed today. They include areas such as the independence of the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment