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Shepherds to hold creditors meeting

Investment firm Shepherds (Financial) Limited, which ran an offshore viatical fund which invested 26m in collapsed American life office MBC, is holding a creditors meeting on August 9 to consider the appointment of a liquidator.

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NU and Scottish Widows slash MVRs

With-profits policyholders received a fillip this week with both Norwich Union and Scottish Widows cutting MVRs on its funds. Following a second year of double digit returns from equities, Widows has slashed MVRs across its unitised with-profits pension and assurance policies from 9 per cent to an average of 3 per cent. NU has cut […]

NDF growth plan aims for 8.25 per cent a year

NDF administration has launched its growth plan tracker product for July 05.The plan has an investment term of 6 years and is linked to the FTSE 100 index and the Dow Jones EuroStoxx index. The product provides a capital guarantee providing the indices do not fall by more than 50 per cent but it aims […]

Hemisphere broadens base

Hemisphere Property Management has made its Hemisphere property fund available to IFAs to broaden the fund’s investor base.

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]

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