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ScotEq extends its range

Scottish Equitable is extending its pension range with four new funds.

Three funds are aimed at investors seeking an above-average level of risk while the fourth, UK equity income, is aimed at medium-risk investors.

The European smaller companies fund is aimed at achieving first-quartile performance over a rolling three-year period.

European Tactical invests in all sizes of European stock and also aims to achieve first-quartile performance over a rolling three-year period.

UK Equity Tactical aims to be an aggressively managed UK equity portfolio offering above-average returns over the medium term.

It expects to invest up to 30 per cent in smaller com panies.

The UK equity income fund is aimed at producing above-average yields.

The funds have a 5 per cent bid/offer spread and a 1 per cent annual charge.


EIS boosted by increase to £150,000 annual limit

The Enterprise Investment Scheme and capital gains tax reinvestment relief are to be rationalised to create a unified scheme. The changes, which take effect from April 6, will include an increase of 50 per cent to £150,000 a year in the amount that an individual can invest in new shares with the benefit of income-tax […]

Old Mutual pays £70m to take over CCM

Old Mutual is to buy private-client stockbroker Capel-Cure Myers in a deal believed to be worth £70m. Last week, Money Marketing revealed that South Africa-based Old Mutual was in exclusive negotiations to buy CCM, which has £5bn in funds under management. CCM has been up for sale since August after a deal between its Canadian […]


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