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SocGen arm setting up income fund

Dublin based Societe Generale subsidiary Inora Life is launching a new dynamic income fund in its Offshore Generation Bond series.

The fund with a minimum investment of £6,000 launches on June 11 and closes on July 20 will be distributed solely by IFAs.

Inora Life says the fund is linked to stocks carefully selected to provide potential for the best possible performance in all market conditions, including BP Amoco, Nestle and Glaxo Smith Klein.


&#39Investors are being misled on with-profits risk&#39

Mortgage lending rocketed in March, reflecting the traditional spring boost to the property market, according to figures from the Council of Mortgage Lenders.The monthly CML survey of banks and building societies shows gross lending up by 22 per cent to £11.3bn in March from £9.3bn in February. This is similar to last year&#39s figures of […]

Lincoln cuts fund management charges

Lincoln Financial Group is meeting the challenge of stakeholder charges by offering its regular-premium individual personal pension customers the option to top up their pension and receive a reduced annual fund management charge of 0.5 per cent on the increment.The 0.5 per cent offer applies to the topped-up element of the pension and will be […]

Metropolitan Tenant&#39s House Purchase Advisory Bureau reprimanded by OFT

The Office of Fair Trading has forced a mortgage broker to change its advertising because it gave false impressions of the Government&#39s right to buy housing scheme. Glasgow-based Metropolitan Tenants&#39 House Purchase Advisory Bureau distributed leaflets which suggested the scheme – which gives council tenants the chance to buy their property at a discount – […]

Industry and CA clash over Catmarked advice

The IFA sector has hit out against Treasury proposals to Catmark financial advice while the Consumers&#39 Association has broadly welcomed a quality standard.The ABI has warned that introducing a Cat standard for advice would be wrong, with more work needed on the objectives and scope and the role of the Government and regulator.In its paper, […]

Mothers missing out on millions

By Steve Webb, director of policy and external communications The ninth Royal London Policy Paper discusses how thousands of mothers are missing out on state pension rights when they don’t have to Earlier this month we published the ninth Royal London Policy Paper, entitled ‘Mothers Missing out on Millions’. It focuses on the thousands of mothers […]


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