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SGAM launches UK Income Unit Trust

Soc Gen Asset Management is launching a UK Income Unit Trust, its fourth trust to be focused on the retail market.

The minimum contribution to the Pep-qualifying Soc Gen UK Income Unit Trust will be £1,000 lump sum or £50 a month. After April 5 savings may be invested in ISAs.

The initial charge is 5.25 per cent and there is an annual management fee of 1.5 per cent. IFA Commission is 3 per cent.

Joint managing director Nicola Horlick will manage the fund.

She says: &#34There are many companies which are in a good position to offer growth and a steady stream of growing dividends. I am looking for companies with strong management and good products.&#34


Policy Plus appoints former SEC employee

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Transparency is clearly the way forward

Major lenders are fighting a price war using headline-catching low rates to attract consumer interest. Do you think the Council of Mortgage Lenders is justified in its campaign to try and force lenders to draw more attention to the redemption penalties these products carry?DS: I think any move to encourage transparency and notify the borrower […]


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