Pep sales hit £11bn record high in 1998

The Financial Services Authority has told fund managers it is to introduce compulsory single pricing of unit trusts.It will give one year&#39s notice to allow managers to introduce the necessary changes before it introduces the measure. The FSA will permit voluntary single pricing for unit trusts from February 1.

Lazard Asset Management is launching a European High Yield Bond Fund with a target gross yield of 10.7 per cent.The fund will be a sub-fund of Lazard&#39s Dublin-based Global Bond Fund, a Dublin registered UCITS recognised in the UK.It will invest mostly in European bonds with a rating lower than investment grade, but will also […]

Barclays is offering free home protection plans to mortgage applicants in case they are gazumped in the process of buying a house.Home Buyer&#39s Cost Protection covers customers if a purchase falls through because the seller accepts another offer or the customer withdraws because the valuation is more than 5 per cent lower than the purchase […]

Marks & Spencer Financial Services says over 1,000 people a day are registering for its ISAs which will be launched in April.M&SFS will be offering a maxi ISA that will have cash and stocks and shares elements and a mini ISA for stocks and shares only.It will also offer a Cat-marked ISA which will invest […]