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Standard & Poor&#39s Micropal Top 10&#39s

Merrill Lynch&#39s gold & general fund tops the tables for a second week with a return of 34.12 per cent for the 12 months to October 22.

A £1,000 lump sum invested in the fund a year ago would now be worth £1,341 compared with £791 in the average unit trust.

The average investment trust has fared even worse, with an average of -22.64 per cent for the year, while insurance funds stand at -16.01 per cent for the year.


Chase de Vere Investments appoints marketing director

IFA Chase de Vere Investments has appointed Dave Newman to the new role of director of marketing. Newman joins from Britannic Assurance where he was head of marketing and channel management. Chase de Vere, which has140 RIs, says the appointment is designed to keep the firm at the forefront of financial services during a time […]

Pru to ditch Scot Am brand

Prudential is to ditch the Scottish Amicable brand as part of a major re-structuring. Money Marketing had revealed earlier this year that the brand was up for review, but the re-strcturing also includes Prudential selling its general insurance business to Winterthur, who will merge the new business with their Churchill operation.Prudential also announced that a […]

Support group offers IFA services at fixed rates

A new support group for IFAs directly authorised by the PIA is being launched, claiming to have lower charges for its services than traditional networks and rival services firms.The Support4group has been set up by IFA Philip Horton who runs Charter-house which left the DBS network to become directly regulated in 1998.Fees are levied on […]

Close Property invests in Fareham

Close Property Investment Fareham Innovation Fund Type: Unit trust. Aim: Income by investing in a commercial property. Minimum investment: Lump sum £10,000. Investment split: 100 per cent Fareham Innovation Centre. Yield: 11 per cent. Isa link: No. Pep transfers: No. Charges: Initial 7.25 per cent, annual 1.25 per cent. Commission: Initial 3 per cent. Tel: […]


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