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Rathbone blue chip income and growth moves to UK equity income and growth sector

Rathbone income and growth fund has been renamed as blue chip income and growth and will be moved to the newly created IMA UK equity income and growth sector.

Its move from the IMA UK All Companies sector is designed to help the fund reflect its objective of not investing less than 75 per cent in shares of the FTSE 100.

The UK equity income and growth sector comprises of equity income funds with a yield requirement of between 80 per cent to 110 per cent of the FTSE All-Share index yield.

The end of March is the IMA’s proposed deadline for details of the new sector composition to be made public.

Head of marketing David Holloway says: “We have renamed and reclassified our fund but we have the same highly experienced manager at the helm, the same income track record and the same proven investment process.”


Why the FSA won’t hold fire on RDR

There are just a few fairly significant problems with trying to persuade the FSA to hold fire on the RDR:1: The FSA appears to be entirely unaffected by the economic downturn for the simple reason that its income is entirely unrelated to what is happening in the real world of commerce. How nice if the rest of us could raise what we want simply by compulsory levies.2: The FSA has no idea just how much up-front work an IFA has to do to get a new client on board. We could charge fees but so much damage has been done to the reputation of the industry that hardly anyone is prepared to pay for what they perceive to be nothing more than being steered in the direction of whatever product best suits the pocket of the IFA.3: The FSA has a proven and documented history of only very limited preparedness to take note of representations from the industry.

Stress test is needed to make sense of RDR

The retail distribution review needs to be reassessed as a matter of urgency because of the impact of the global economic downturn. That is simple common sense and it is time that the regulator applied some common sense.

A new EIS age

Despite being one of the most flexible and attractive tax planning tools available today, the enterprise investment scheme has historically received less investor interest than other tax-efficient investments such as venture capital trusts.

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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