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Pegrum leaves M&G

M&G has lost its British Opportunities fund manager Neil Pegrum, who is understood to be moving to Insight Investment.

Pegrum will be replaced by Tom Dobell, currently manager of M&G&#39s recovery fund.


University challenge

With the imminent departure of first-year undergraduates, the costs mount up – house sharing, deposits, key money, the exorbitant cost of books (how much?), hall fees, allowances, season ticket renewal (how much?), the new home shirt (almost double the cost with “Wiltord” on the back and Premier League champions patches), the new away shirt, £40 […]

DBS fees rocket by 65% to pay for PI

DBS is raising its fees by 65 per cent and withdrawing its run-off cover to members to meet the escalating cost of professional indemnity cover.The network blames the spiralling cost of PI cover, which has increased by 60 per cent from last year, and higher FSA fees for the rise.Members have attacked the move, claiming […]

CML warning on higher income multiples

The Council of Mortgage Lenders warns a recent acceleration of borrowing at higher income multiples may be a sign that affordability constraints are starting to bite. Its latest monthly says interest rates may not have to increase by very much to make mortgage payment difficult for some borrowers. It says the outlook for the housing […]

Pru payouts cut by up to 10%in interim move

Prudential has cut payouts on unitised with-profits by up to 10 per cent in its first-ever interim bonus declaration.The move comes amid growing speculation about the distribution of its orphan assets. Pru denies it is close to an announcement despite discussions with the FSA.It says the discussions concern reattribution of assets rather than distribution and […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]


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