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Policy Plus claims a strong lead for Tep growth fund

Policy Plus says shares in its traded endowment policy fund has increased in price by nearly 25 per cent to £12.47 from its launch price two years ago of £10.

PP assesses each policy held by the fund monthly and decides whether to hold or sell the policy based on every life office&#39s bonus declaration.

As the fund is open-ended, it is able to buy and sell policies when they offer the greatest growth for maximum return.

The endowment exch ange says investing in the fund is low-risk because underlying assets are guaranteed as the fund invests exclusively in endowment policies. No inv estments are held in cash pending the purchase of end owments so all capital held in the fund is invested in policies with high returns for investors.

Fund investment director Graham Cottingham says: “The formidable lead which we have shows that our policy of active management is the best approach to Tep fund investment.”


Schroders joins move to stop IFA trail rebates

Schroders is set to join the onslaught against IFAs rebating trail commission this summer with a new issue of its terms and conditions. The company is changing its admin system in June and is using the opportunity to draw up new terms and conditions, which will be sent to IFAs in May. Schroders&#39 current terms […]

Critical cover combines term and whole of life

Skandia is is setting up a critical-illness cover plan which it says combines the benefits of term and whole-of-life insurance policies. Skandia Protect has a roll ing term feature, which allows policyholders to extend their cover automatically for ano ther term at the end of the initial 10-year period without a new health examination. Another […]

Misys IFA retests 3,300 after PIA training visits

Following PIA visits, Misys IFA is to reassess the 3,300-strong IFA membership of three of its networks, Kestrel, Countrywide and Financial Options, at a cost of £350,000. In a letter obtained by Money Marketing, Misys IFA tells its members that, after the visits last year, the regulator uncovered evidence to suggest not all members were […]

Remortgage package for self-employed

Specialist lender to the self-employed The Mortgage Business is launching a remortgage package available to self-employed and self-certification borrowers. The remorgage product is pegged at 1 per cent above Bank of England base rate – currently 6 per cent – until March 2003, reverting to 1.49 per cent above base for the remainder of the […]

Welcome to The Brunner Investment Trust PLC

Welcome to the latest update for The Brunner Investment Trust PLC from the trust’s portfolio manager Lucy Macdonald. Market Review Global equities ratcheted higher throughout February, buoyed by optimism about global growth and corporate earnings. All regions advanced, although Japan tended to lag many other markets. In sector terms, healthcare, information technology, consumer staples and […]


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