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Premier zeros in on growth

Premier Portfolio Managers has introduced the Premier zero preference fund, an open-ended investment company (OEIC).

The Oeic is aimed at investors who are looking for capital growth by investing in low risk securities. It will also appeal to those investors looking to defer their capital gains tax allowance.

Premier’s Oeic will invest in the zero dividend preference shares of split capital investment trusts and other closed-ended funds. The fund will have a target yield of 8 per cent. Although there is no final list available yet of the investment trusts it will invest in, some of the companies that the fund might look at include Gartmore, Jupiter, Merrill Lynch and LeggMason.

The Premier zero preference fund will be managed by David Hambidge, the company’s director of managed funds, who has been at the company since 1987. He also manages the Premier UK selector growth and UK selector income funds.

According to Standard & Poor’s the UK selector growth and UK selector income funds are ranked 29 out of 51 funds and 7 out of 12 funds respectively, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to June 4, 2001.


Allied Dunbar unveils group stakeholder product

Allied Dunbar has unveiled details of its group stakeholder scheme which is set for launch in October.Dunbar claims its decision to wait until up to six months after most players have launched their group propositions is down to its desire assess the market without rushing in.The new Dunbar product will not be available on an […]

Exam incentive to greater qualification

IFAs completing both the Financial Planning Certificate and Mortgage Advice Qualification can now go forward with a half credit towards the higher level Advanced Planning Certificate. The decision by the Chartered Insurance Institute and the Society of Financial Advisers supports the regulator&#39s wishes to see greater incentives for people to go beyond the regulatory minimum […]

Exclusive Connections targets the self-cert market

Exclusive Connections has introduced the self-cert fixed rate mortgage.Funded by Bristol & West, the mortgage is aimed at self-employed people who have trouble getting a mortgage because they have difficulty proving how much they earn. However applicants must be able to prove a three-year clean credit history.The mortgage has a fixed rate of 5.89 per […]

Merrill Lynch – MST New Energy Fund

Monday, 4 June 2001.Type: Sicav.Aim: Growth by investing globally in companies involved in the development of alternative sources of energy.Minimum investment: $5,000.Place of registration: Luxemburg.Investment split: USA 54 per cent, Australia 1 per cent, Canada 14 per cent, Europe 27 per cent, cash 4 per cent.Isa link: No.Charges: Initial 5 per cent, annual 1.75 per […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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