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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

Policy Plus International has appointed a former SEC employee as its Business development manager.Neil Wood traded Teps on the international market for SECPolicy Plus sales and marketing director David Carrington says: &#34We are delighted Neil has joined us. With his knowledge and contacts he will be a valuable member of the team. His appointment underlines […]

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 […]

Financial Services golf tornament aiming to raise £50,000

The Financial Services Sunshine Classic golf tournament will be held at Moor Park Golf Club on June 30.The tournament is aiming to raise money to buy sunshine coaches for the Variety Club of Great Britain.Last year&#39s inaugural tournament raised £50,000 to buy two coaches for the charity.The tournament is open to anyone in the financial […]

Norwich and Peterborough appoints new chief executive

Norwich and Peterborough Building Society is appointing Matthew Bullock as group chief executive.He will join the society on February 15 and take over as chief executive when the incumbent Martin Armstrong retires on May 27.Bullock has 24 years of experience with Barclays Group, most recently as Yorkshire regional director.Norwich and Peterborough chairman Martin Mays-Smith says: […]


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