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Scottish Equitable International launches two new products

Scottish Equitable International is launching the two new low risk products from its Dublin base.

The Money Market Portfolio is an ultra cautious offshore bond that provides access to managed cash fund and a range of externally managed funds from Barclays and Merrill Lynch.

The Dublin Private Client Portfolio also allows for external fund management and delegated custodianship together with a wide range of assets including hedge funds.

The company was forced to abandon the launch of a with-profit bond from its new Dublin office last year.


Over 6,700 company pension plans axed

More than 6,700 company pension schemes were closed last year, reducing the number of occupational schemes by 6 per cent, according to figures from the Occupational Pensions Regulatory Authority.The wave of closures means that 437,000 workers&#39 occupational schemes were affected.The figures come a week after former National Association of Pension Funds chairman Alan Pickering reported […]

Misys is probing hoax email over DBS

Misys has launched an investigation after trade newspapers received a hoax email last week from someone purporting to represent DBS and claiming the network faces closure to new business after failing to secure PI cover.The email, received by Money Marketing on Thursday, says: “It is with deep regret that DBS announce the failure to secure […]

Friends cuts payouts by 6 per cent

Friends Provident has become the latest life company to announce it is reducing with profits bonuses to cut payouts by 6 per cent.It says it is taking this action to reduce payouts to more sustainable levels and will be reducing regular bonuses by 0.5 per cent. Friends says stockmarket falls have led to a negative […]

Keen sense of self-preservation

It&#39s not often that MM staff are put into life-threatening scrapes (bar-tab squabbles notwithstanding) so we thought we would share this chilling encounter with you. During a night out at a restaurant with MM, Whitechurch Securities chairman Kean Seager spotted a shifty looking man sporting a particularly attractive swept-back mullet (permed at the back, Argentinian-style) […]


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