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Scottish Provident with-profits payouts

A table in a feature in the issue of March 5, 1998 incorrectly stated Scottish Provident&#39s with-profits endowment payout figures. The 1997 and 1998 payout figures for 10- and 25-year policies were accidentally switched, giving the wrong impression that payouts had fallen.

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Paragon offering fixed rates on the web

Homebuyers with access to the internet will be able to take advantage of a special fixed-rate mortgage being offered by Paragon Mortgages on its website. Paragon is offering a two-year fixed-rate mortgage at 4.59 per cent to internet applicants as well as a 5.99 per cent three-year fixed rate. The website provides an electronic guide […]

Edinburgh merges Latin American funds

Edinburgh Fund Managers has merged its two Latin American unit trusts following shareholder approval earlier this month. The £12m Edinburgh Latin American merges with Edinburgh Exempt Latin American, creating a fund worth £20m. The new fund will be called Edinburgh Latin American. Its objective is to achieve long-term capital growth.

Axa presses on with £40m bid for global brand

The Axa Group is launching a £40m advertising campaign in a bid to build its brand name across the globe. The group, parent of Axa Sun Life in the UK, is aiming to build a single brand across the world by 2000. The campaign, which breaks this week, includes TV and press ads which feature […]

LGT asset management division is up for sale

Liechtenstein Global Trust is putting its £63bn asset management division up for sale. LGT, which is privately-owned by Prince Philipp of Liechtenstein, is selling off the fund management arm to concentrate on its private banking division. LGT says it decided to sacrifice its asset management business after realising it had insufficient capital to ensure both […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]

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