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New Star poaches Newton fund manager

Newton Higher Income fund manager Toby Thompson has been poached by New Star Asset Management.

Thompson will managed New Star’s equity income fund, which is set for launch later this year.


West Brom launches two year fixed rate bond

West Bromwich Building Society is launching a new two-year bond that pays a fixed rate of 6.20 per annum gross.The guaranteed monthly income account is fixed until July 31, 2003, and is available through post, at branches and online. The new account has a minimum starting balance of £5,000 and a maximum of £100,000. West […]

New Star is born

New Star is today launching two new funds, with a discount of 1 per cent off the 5.25 per cent initial charge for all investments received before July 20.The UK Growth Fund, run by Alan Miller, and the European Growth Fund under Richard Pease will also offer a 2.25 per cent discount to all Pep […]

ARLA moves to raise standards

The Association of Residential Letting Agents is reforming its criteria for membership in a bid to improve the professional and ethical standards of landlords and tenants.ARLA is requiring increased financial controls over clients&#39 accounts, although the rule requiring two years experience of letting business before admission to ARLA has been abolished.ARLA chairman Frances Burkinshaw says: […]

FSA gets clear english award

The FSA has been awarded a Clear English Service award from the Plain Language Commission for its correspondence. FSA letter writers from its correspondence unit were put through a nine-month coaching programme with the Plain Language Commission. The clarity, grammar and punctuation of more than 200 letters were assessed. The FSA deals with around 3,000 […]


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