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Royal London moves to stop baggers

Royal London is bringing in carpetbagger prevention measures to stop new policyholders claiming windfalls if it demutualises. From July 1, when Scottish Life&#39s business will transfer to Royal London, new policy-holders will not be entitled to compensation for loss of membership rights after demutualisation.

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New Star shines brightly in Europe

New Star Asset Management has introduced the European growth fund, an open-ended investment company that aims for capital growth by investing in Europe excluding the UK.The fund is managed by Richard Pease, who managed Jupiter Asset Management&#39s European fund between January 1990 and December 2000.As New Star&#39s recently appointed head of European equity management, he […]

The law is an asset

I have a wealthy friend who has set up a trust for his children. I have been considering establishing a trust for some time now but I am unsure of the main benefits in doing so. Could you please advise me of the background to trusts, the various types of trust and whether any of […]

Leeds & Holbeck cashes in on Tessas

Leeds & Holbeck Building Society has unveiled a cash individualsavings account (Isa) for investors who have maturing tax exemptspecial savings accounts (Tessas.) The 2-year Tessa Isa is suitable for investors who are looking forsomewhere to put their Tessa cash but do not want to tie it upover the long-term. As a cash Isa, it could […]

Advance information

If you are in the middle of taking the Advanced Financial Planning Certificate, then your first concern will be how to pass. The leap from FPC to AFPC is a daunting one and although you are doing the courses so you can advise your clients more effectively, getting through the exams can be made a […]

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