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Societies&#39 business levels best since 1996

Building societies&#39 business volumes rose at its fastest rate since

December 1996, according to the quarterly financial services survey from

PricewaterhouseCoopers and the Confederation of British Industry. This was

in sharp contrast to banks, life offices and fund managers, which saw

business levels decline. The survey also reports that life offices&#39 overall

profitability declined in the face of the 1 per cent world.


Britannic proves trustworthy

Britannic Asset Management has introduced its third investment trust, the Britannic UK income trust.This split capital investment trust is divided into a growth portfolio consisting of UK shares and an income portfolio containing split capital shares and corporate bonds. The ordinary shares and zero dividend preference shares are aimed mainly at institutional investors such as […]

BFS Investments – BFS Managed Properties

Wednesday, 11 July 2001.Type: Split-capital investment trust.Aim: Income and growth by investing in freehold and long leasehold property and split-capital investment trusts.Minimum investment: Subject to negotiation with stockbroker.Place of registration: Guernsey.Investment split: Freehold and long leasehold property 65 per cent, split-capital investment trusts 35 per cent.Isa link: Yes.Charges: Annual 1 per cent.Commission: Isa initial 3 […]

IFAP produces endowment mortgage factsheet

IFA Promotion has produced a factsheet to help consumers understand endowment-linked mortgages and encourage them to seek independent financial advice.The “Confused about endowments?” factsheet explains in a question and answer format why endowments are linked to mortgages, how endowments work, why providers are reviewing endowments and what people should do if their policy is unlikely […]

CBI concerned over FTSE ethical index

The Confederation of British Industry has given a mixed response to the launch of the FTSE4Good index.CBI deputy director general John Cridland says: “We are seriously concerned about how this index will be perceived by the media, the general public and companies themselves. There’s a danger that firms included might be seen as ‘good’ and […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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