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Signs of life as funds bounce back

Unit trust and Oeics showed signs of recovery in the second quarter, with

71 per cent of funds producing positive returns.

The figures published in Lipper&#39s latest quarterly fund survey show the

average fund return has risen by 2.52 per cent over the three months to

July, making it the best quarter since the first quarter of last year.

However, bond funds saw their worst three months since 1999, falling by

1.36 per cent.

The North American smaller companies sector was the best performer, up by

16.45 per cent while European smaller companies produced the worst average

return of -4.58 per cent.

For the first half of this year, every Autif sector averaged a negative

return while the return across all sectors was negative for the first half

of 2001 and the last half of 2000. Lipper says the last time this happened

was seven years ago.

Global marketing director Steve Lipper says: “The markets have been

following a pattern of one step forward and two steps back for the last 18

months. If this trend continues, we have not yet seen the low point for

this market cycle.”


AMP urges action to keep widows&#39 lump sum benefit

AMP is calling on the industry not to miss the consultation deadline tostop changes to contracting out which would see widows under 45 forced totake an annuity. Under DSS recommendations, widows under 45 with no dependent childrenwould be unable to take a tax-free lump sum on the death of their spouseand would have to buy […]

Skipton launches 5 year growth bond

Skipton Building Society has launched a new five year guaranteed growth bond promising absolute minimum returns of at least 126 per cent of the initial investment.The bond with a minimum investment of £2,000 and a maximum of £10,000 and offers the potential to earn 50 per cent gross over five years or 8.45 per cent […]

Pink is spared buy-to-let blushes

Pink Home Loans has introduced a buy-to-let mortgage that is fixed at 6.99 per cent until September 30, 2005.The mortgage is available for loans of up to 85 per cent of valuation and up to five properties can bought within a maximum advance of £500,000.If borrowers redeem this mortgage during the fixed rate period, they […]

I don&#39t believe it!

If Victor Meldrew were an IFA and read Lorna Bourke&#39s article aboutstakeholder commission (Money Marketing, July 19), he would have said thesame thing I did. I can summarise what most IFAs must feel in three points: 1. We are now being told that even commission in the 1 per cent world isexcessive. 2. Lorna obviously […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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