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Scot Am improves long term care bond

Scottish Amicable has enhanced its Long-Term Care Bond allowing policyholders to choose the number of activities of daily living covered by a claim. The maximum level of cover has increased to £36,000 from £30,000 and investors are now able to receive a cash lump sum after the failure of one ADL.

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CIS urges 80,000 Pep investors to switch to its ISAs

Co-operative Insurance Society is advising their 80,000 customers with unit trust PEPs to switch to one of their ISAs so that they can continue to save tax-free after next April.The CIS ISA consists of a maxi and three mini accounts. Investors will be able to choose from a deposit account at The Co-operative Bank, three […]

AITC appoints new directors

The Association of Investment Trust Companies has appointed two independent directors to its executive committee.It has appointed Dick Barfield, a former chief investment manager with Standard Life Assurance Company, and David Price, formerly deputy chairman of Mercury Asset Management.Barfield is a director of the Baillie Gifford Japan Trust and Price is on the board of […]

SWI gives two UK bonds UK launch

Scottish Widows International is offering its International Bond and its Private Portfolio Bond to UK investors for the first time. Previously the products were only available to non-UK residents.Scottish Widows is also launching a dedicated Year 2000 helpdesk for IFAs which can be accessed via the company&#39s extranet site, e-mail or telephone. It will outline […]

EU venture capital directive plans shelved

Plans to develop an EU directive harmonising the treatment of venture capital funds across the union have been shelved by the Commission.Discussions between the member states and representatives of the European venture capital industry concluded that legislation in the industry is unnecessary.The industry is now for the Commission to examine the tax treatment of funds […]

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