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No designs on Keydata

We received numerous promotional packs from Keydata on its new secure income bond which at first glance looks extremely enticing. Income of 7.5 per cent a year with very low risk is quite a combination and with no link to any stockmarket either. I asked our network for their comments and part of their response was: “The product design is such that we are unable to grant approval for it. The returns are generated from assets backed by the American traded life policy market which is relatively new and from which potential returns are based on unproven actuarial assumptions. Should the slightly shaky and yet to be proven American traded life market collapse, then the income stream could well dry up. Keep in mind the old saying: ‘If it looks too good to be true, it probably is'” I think it could well be applied here. To which I would add: Never judge a book by its cover.

Julian StevensWDS IFAs, Bristol


Cummings and goings

Whenever a new person walks into a high-profile job, it is always intriguing to see how he or she differs from their predecessor, not just in terms of approach but priorities.

Britannic launches UK boutique

Britannic is launching a UK alpha boutique to be run by David Stevenson and Andrew Kelly of SVM.The boutique is to be run in Edinburgh in the same style as the firm’s London-based European boutique, under Barry Norris and Oliver Russ. It will launch a UK opportunities unit trust and a UK equity long short […]

Sipp euphoria could see rise in misselling

Product providers and advisers should be aware of the heightened risk of misadvising and misselling amid Sipp fervour, warns City law firm Reynolds Porter Chamberlain. Churning, investing too much into a Sipp, unsuitable alternative investments, residential property and tax avoidance are cited as the five main danger zones by the firm. RPC partner Charles Suchett-Kaye […]

SimplyBiz makes 950k profit

SimplyBiz has reached a pre-tax profit of 950,000 for the first six months of 2005, in less than three years. The support services provider says it is saving member firms over 10m in charges.SimplyBiz chairman Ken Davy says: To be able to announce that we have achieved a significant level of profitability during the first […]

Indian market rallies as Modi's popularity strengthens

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients.  Investment risks  The Neptune India Fund may have a high volatility rating and past […]


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