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Selestia introduces new charging structure

Selestia is replacing its existing pricing structure, which is effectively a percentage of client’s assets under management, with an explicit annual fee.
From 1 April 2005, Selestia will levy a 75 annual fee per client, as opposed to the existing circa 25 basis point levy on their funds under management.
At the same time, advisers will be able to nominate the level of renewal commission they wish to take, which will support fee based advisers.


Freedom Finance appoints operations director

FREEDOM FINANCE EXPANDS MANAGEMENT TEAMFreedom Finance has appointed Steve Kember as its operations director.Kember was most recently sales and marketing director for the IFA subsidiary of the Co-operative Bank, where he was employed for more than 16 years. In his newly created role Steve will be responsible for managing the end-to-end mortgage and loan broking […]


AITC elects two to boardThe AITC has elected F&C Pacific investment trust and Martin Currie portfolio investment trust director Gill Nott to the AITC board. Also joining him will be JP Morgan Fleming Asset Management head of investment trusts David Barron. Nott and Barron are replacing outgoing members John Evans, who has stepped down, and […]

Review of 2004: Investment

Yet another Government savings initiative slipped into freefall as the Chancellor managed to ruin what was a successful product by stripping away some of the reasons for people buying them. Isa sales fell off a cliff, with the first-ever month of net redemptions.


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