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Solus – Solus US Select Opportunities

Tuesday, 28 August 2001.

Type: Oeic.

Aim: Growth by investing in US equities.

Minimum investment: Lump sum £500, monthly £40.

Investment split: 100 per cent US equities.

Isa link: Yes.

Pep transfers: Yes.

Charges: Annual 1.5 per cent, initial 3.5 per cent.

Commission: Initial 3 per cent, renewal subject to negotiation.

Tel: 0161 214 6868.



Government announces Equitable inquiry

The Treasury has announced an independent inquiry into Equitable Life to be conducted by Lord Penrose.The terms of reference of the newly announced inquiry are the circumstances leading to the current situation of the Equitable, and to identify any lessons that can be learned about the conduct, administration and background of life assurance business.A report […]

Scarborough Building Society – Flexible Lifetime 1.35 Per Cent Fixed

Friday, 31 August 2001.Type: Discounted rate flexible mortgage.Discounted term: Term of loan.Discount: 1.35 per cent.Payable rate: 5.39 per cent.Minimum loan: £25,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum £250,000.Income multiples: Three times principal income plus second or 2.5 times joint.Features: Overpayments, underpayments, payment holidays, interest calaculated monthly.Arrangement fee: None.Redpemtion fee: […]

Axa&#39s UK chief doubts Govt will force stakeholder compulsion

Axa&#39s new UK group chief executive is bucking the trend among providers bypredicting stakeholder will not be made compulsory as this would be seen asan admission of failure by the Government. Dennis Holt admits the new pension has not taken off as well as theGovernment may have hoped. But he says forcing employers and individuals […]

Britannia offers safer option

Britannia Building Society has introduced a five-year capital guaranteed equity bond which tracks the FTSE 100 index. The bond guarantees the return of investors&#39 original capital even if the FTSE 100 index falls below its the starting value by the end of the term. If the closing level is the same as the starting level […]


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